Introduction

Why has PAS 55 developed such momentum within the global Electricity Transmission and Distribution sectors?

The answer is that PAS 55 compliance: 

• provides regulators, customers and their representatives with the confidence that effective asset management processes are established which will deliver optimum life and or capacity from existing assets, optimising capital asset expenditure and thereby minimising associated costs being passed on, in the form of increased bills. 
• is viewed by investors and other external stakeholders as a measure of good management practice with the PAS framework being widely acknowledged as a structure which facilitates better decision making and execution for all the utility operations.

Some examples of organisations at the forefront of PAS 55 compliance are Fingrid and National Grid, both of whom have been certified to PAS 55 through Lloyd’s Register.  Lloyd’s Register is considered to be the leading PAS 55 certification body for Utility companies and to date has certified over 30 such companies around the world. 

This workshop will provide delegates with an overview of the development of, and the requirements for gaining, PAS 55 certification together with a utility’s perspective of benefits. It will also provide practical examples of good asset management practice from within the industry and will increase your understanding of risk based asset management.

Highlights

The workshop will represent an interactive session with opportunities for delegate debate and discussion throughout. Representatives from certified organisations will deliver their perspective of the PAS 55 certification process - what it meant for them in terms of investment and the realised added value.

What will participants gain from attendance?

The opportunity to discuss the PAS 55 process with both the certification body and organisations certified to PAS 55 – The Balanced View

The session will cover:

• an overall insight into PAS 55 requirements, scope and coverage
• why good asset management is essential in capital intensive businesses
• how a PAS 55 compliant asset management system can demonstrate alignment to your business plan and is adaptive to a changing business needs.
• the purpose of asset management and how everyone, direct staff and service providers, in your business are part of the asset management system.
• an insight into ‘best practice’ risk based asset management
• practical experiences from within the utility industry
• the creation of a mind shift away from the perception that asset management is purely maintenance management towards a more holistic view
• an asset management organisational model where key business roles and responsibilities are clearly defined.

Registration
This workshop is free for conference delegates.
Limited seats available for this workshop. Make sure you do not miss out – register today!