{"id":19548,"date":"2017-08-23T23:26:00","date_gmt":"2017-08-24T06:26:00","guid":{"rendered":"https:\/\/copperleaf-test.majortom.dev\/feature-article-value-based-decisions-for-utility-asset-management\/"},"modified":"2023-03-16T15:53:52","modified_gmt":"2023-03-16T22:53:52","slug":"feature-article-value-based-decisions-for-utility-asset-management","status":"publish","type":"post","link":"https:\/\/copperleaf-test.majortom.dev\/en\/blog\/feature-article-value-based-decisions-for-utility-asset-management\/","title":{"rendered":"Feature Article: Value-based Decisions for Utility Asset Management"},"content":{"rendered":"

Engerati finds that value-based decision making enables better prediction, optimisation, and management of utility asset plans.<\/strong><\/p>\n

\"\"<\/p>\n

\u2014Written by Jonathan Spencer Jones, Editor of Engerati,\u00a0the Official Community Partner of European Utility Week<\/p>\n

Engerati has published a great article on how value-based decision making empowers utilities to direct their resources to the things that deliver the most value to their business.<\/p>\n

In this article, Stefan Sadnicki, Copperleaf\u2019s Managing Director in Europe, shares how Copperleaf\u2019s value-based approach helps organisations make consistent, transparent decisions to maximize the value of their assets.<\/p>\n

Sadnicki explains:<\/p>\n

Every asset is there to do a job and thus has a value, whether it\u2019s financial or non-financial, tangible or intangible. The question is what is that value to your organisation?<\/p><\/blockquote>\n

Copperleaf offers a prescriptive approach to help organisations create a flexible decision-making framework that\u00a0captures all the\u00a0elements of value that are important to the organisation. He explains how the Copperleaf Value Framework<\/strong> aligns all of these measures of value to a common scale so that\u00a0trade-off decisions can be a made across very different types of investments. He notes that utility investment plans are becoming more focused on customer outcomes, and remarked:<\/p>\n

Previously it was a case of \u2018I want to replace x km of cable\u2019, i.e. being output driven. But now the focus is more on \u2018what services can I provide to customers and at what cost\u2019, i.e. optimising that balance of cost, risk and performance.<\/p><\/blockquote>\n

As a starting point, he recommends developing and testing some initial value frameworks to build an understanding of how the process works and the benefits it can bring to the organisation.<\/p>\n

Read the full article\u00a0here<\/a><\/strong>.<\/p>\n

To learn more about value-based decision making, check out the recent webinar on\u00a0\u201cValue, Values & Asset Management Decision Making\u201d<\/a>\u00a0or the\u00a0Q&A with Rhys Davies<\/a>, President of eAsset Management and Chair of the ISO\/TC251 Committee which developed the ISO 5500x standard.<\/p>\n

Enjoy!<\/p>\n","protected":false},"excerpt":{"rendered":"

Engerati finds that value-based decision making enables better prediction, optimisation, and management of utility asset plans. \u2014Written by Jonathan Spencer Jones, Editor of Engerati,\u00a0the Official Community Partner of European Utility Week Engerati has published a great article on how value-based decision making empowers utilities to direct their resources to the things that deliver the most […]<\/p>\n","protected":false},"author":3,"featured_media":14020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_searchwp_excluded":"","footnotes":"","_wp_rev_ctl_limit":""},"categories":[65,71],"industry":[176],"acf":[],"yoast_head":"\nFeature Article: Value-based Decisions for Utility Asset Management - Copperleaf<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Feature Article: Value-based Decisions for Utility Asset Management - 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