Asset Management
Our asset management advisory and implementation services is focused on delivering return on investment to our client's investment through accurate business / data / system analysis and the JYW asset management framework.
JYW resources specialise in the provisioning of data and information strategic consultancy services across the transportation industry bringing enterprise business, data and information technology implementation experience in content management, configuration management, data warehouse / business intelligence in accordance with ITIL, CMMI and System Engineering management frameworks.
Using the JYW Asset Management reference model we can assist our clients in:
1. Development of enterprise asset management policy, strategy, objectives and plans
2. Derivation of specifications for specific asset management implementations
3. Benchmarking of existing asset management implementations
4. Evaluation of the suitability of asset management tools
5. Definition of effective performance measures and KPIs for specific asset management scenarios.
The JYW asset management reference model is a generic business model for the asset management of systems. It is applicable to the asset management of all kinds of systems such as motorways, tolling systems or traffic and transportation management systems. It forms a detailed, traceable definition of system asset management business needs that is free from all implementation considerations. As such, it provides an excellent basis for the specification of requirements and the associated measures and KPI's for their ongoing verification and/or performance benchmarking.
The JYW Asset Management Framework Overview
The reference architecture starts from the generic, high-level assumption that the overarching objective of system asset management is to deliver, maintain and improve the specified levels of service at the lowest possible cost over the lifetime of the system. It assumes that the concrete, specified objectives of various asset management implementations for specific systems are all particular, contextualised versions of this one overarching objective relating to the realisation of the best possible ROI from the asset.
Our Asset Management Framework reference model consists of:
1. A structured system asset management concepts model
2. A hierarchal decomposition of derived system asset management needs
3. An operational activity model that defines all activities required to meet the identified needs
4. A set of generic system asset management business processes that define how the various operational activities are performed
5. An information model that defines the types of information needed for system asset management
6. A set of Measures and KPIs
7. A set of Asset Management Requirements
8. Traceability to industry standards and practices
Asset Management Framework Benefit Statement
The Key Benefits delivered by the JYW Asset Management Framework include:
1. Implementation free - the model is independent model that is not influenced or biased by any implementations
2. Flexibility and Scalability - the model can be easily made specific to suit the business needs/objectives/maturity
3. Traceable - answers the question "why" based on objective
4. Model integrity and verification through multiple aspects or views - the model provides - identifies all dependencies, interfaces between various facets of the asset management lifecycle
5. System engineered, not just sucked out of thin air
6. Eased compliance with best practice standards such as PAS 55
