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The Benefits of Building a Corporate Asset Management Network

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Presentation on theme: "The Benefits of Building a Corporate Asset Management Network"— Presentation transcript:

1 The Benefits of Building a Corporate Asset Management Network
Vanessa Chau, P.Eng, MIAM Grace McLenaghan, P.Eng, PMP Manager, Corporate Asset Management Advisor, Corporate Asset Management City of Brampton

2 Agenda Brampton’s Corporate Asset Management Journey
Corporate Asset Management Governance Model Corporate Asset Management Network Strategic AM Policy Next Steps

3 CITY OF BRAMPTON

4 Brampton’s Strategic Plan

5 Long-Term Financial Planning
Corporate Asset Management Policy Asset Management Planning Strategic Planning Budgeting Processes Long-Term Financial Planning In 2016, the City of Brampton put in place an Asset Management Policy, in response to the growing needs to manage its asset and in pressure from higher Level of Government (e.g. Federal Government) – A Policy and Strategic Plan were needed to receive Gas Tax Funding (approximately $31 million annually) The City of Brampton has put together a Strategic Corporate Asset Management Plan in 2016. “Coordinated activity of an organization to realize value from its assets” Source: ISO55000

6 Ontario Regulation 588/17 The Ontario Government (Provincial body) enacted Regulations for Asset Management Planning as of January 2018 Implementation of the Regulation is tied to Federal and Provincial Funding. Federal Government acts as bonding agency for municipality Policy will include key elements of Asset Management Strategy – includes coordination with Master Plans, AM Capacity Building and accountability at the Leadership level. Smaller Communities will have less strict requirements, however Brampton, as a larger City, is expected to comply with the full extent of the Regulation’s requirements. Stormwater, Roads and Bridges will be part of Phase I (by 2021) all other assets will require to be included in the Asset Management Plan by 2023 By 2024 a Long Term Asset Financing Plan will be required for all infrastructure, with consideration with Proposed (future) Levels of Service

7 Brampton’s Corporate Asset Management Journey
Corporate Asset Management Office Asset Management Planning Regulation Representation from all Service Areas in Corporate Asset Management Network Developed a Corporate AM Plan to meet requirements of Federal Gas Tax Agreement Council Endorsed Future Corporate AM Roadmap Strategic Asset Management Policy Comprehensive Asset Inventory Levels of Service Framework Integration with Financial Planning 2016 2017 2024+ Training & Innovation Centre Future Ready Brampton Launched Asset Management Training and Innovation Centre 100+ Graduates to date Asset Management Strategies Brampton Transit’s Asset Management Plan Evidence Based Decision Making Sustainable Levels of Service Alignment with ISO 55000

8 Corporate Asset Management (CAM) Planning Timeline
Implications of Ontario Regulation 588/17

9 Elements of ISO 55000 Assessment
In keeping with the ISO framework, the City of Brampton is strongly focused on the fundamental block to the successful implementation of a mature Asset Management Strategy – putting the right Governance in place to support and sustain its journey. The Corporate Asset Management Network has been a key part of instilling a culture of asset management innovation

10 Brampton’s Asset Management (AM) Governance Structure
Council Corporate Leadership Team Asset Management Steering Committee Corporate AM Office  AM Technical Leads AM Network Implements the CAM Roadmap in collaboration with the AM Technical Leads Strategically develop, administer and support asset management activities Deliver and manage services: 80+ staff and external support

11 Brampton’s Asset Management (AM) Governance
Top Management Endorsement and Direction – Corporate Leadership Team (CLT) includes Chief Administrative Officer and most Senior Asset Stewards (Commissioners). Continuous and Ongoing Partnership – between the Corporate Asset Management Office and the AM Network What makes Brampton’s Governance Structure successful? Senior decision makers (at the highest executive level) are engaged, informed and consulted in setting key direction and establishing Policies and Directives CAMO continuously engages the AM network or build support and capacity within the organization, and share ‘pain point’ and successes – opportunity to learn from each other

12 Brampton’s Asset Management (AM) Governance
Full Integration of Roadmap Delivery with Service Areas - CAM Steering Committee is composed of Senior Managers from all asset- owning Service Areas Senior Service Areas Leads – supportive and involved in decision making – complete line of sight between highest executive level (Corporate and Executive Offices) and front line Asset Management Delivery

13 Brampton’s Corporate Asset Management Office (CAMO)
Corporate Asset Management Office (CAMO) is located under Corporate Services. CAMO act as partners and coordinators for all of the city services. CAMO is tied very closely to Finance, but there are connections to all the other departments as well. Why Corporate Services: Providing an unbiased approach - not confined to one Service Area ability to ultimately demonstrate optimized evidence-based decision-making. CAMO acts an impartial body to standardize and coordinate Asset Management Activities Putting CAMO in Corporate Services (versus an asset-rich Service Area such as Public Works) ensures that optimization is seen as unbiased. Strong link to the Treasures and Finance stresses focus on sustainability and Long Term Financial Planning

14 Corporate Asset Management Network
Asset Management Network Team (AMN) Representation from Senior Managers from each Service Area (Technical Leads) Broader representation of technical experts and Strategic Partners (e.g. IT Professionals, frontline technical and operations staff, Finance) Ongoing communication – Asset Management goals are never far from the mind Ongoing forum for Change Management – the creation of a large pool of ‘champions’ within the Service Areas CHAMPION The Asset Management Network consists on over 80 representatives from all service areas Network Leads (one lead per Service Areas) are actively engaged as partners in the development of Departmental Plans, as well as engaged in technical discussion and setup of Standards (for example, standardized approach to an asset registry)

15 Why Establish an Asset Management Network?
A comprehensive Asset Management System cannot be developed in isolation – early input from Service Leads = coordinated effort and pooled resources “Buy-In” from Service Areas – most effective change management happens when Supervisory staff are leading the change In-House Expertise – leverage asset owner’s knowledge of ‘pain points’ and technical expertise in developing good Asset Management Strategies Communicate Strategic Objectives and Direction from the AM Steering Committee Get feedback from Service Areas on ongoing initiatives – get the “Big Picture” of Corporate-wide AM implementation and its challenges Foster a sense of participation and comradery Share and Celebrate Achievements!

16 Benefits of the AM Network
Opportunity to shape the AM Roadmap –participate in decision making and in setting priorities Expertise and Assistance – Access to a pool of like- minded Asset Management professionals, right at your doorstep A chance to be ‘heard’ – roundtable approach to showcase projects and achievements within Service Areas Globally recognized training – AM Network members were given first priority by the Training and Innovation Centre

17 Asset Management Training and Innovation Centre
The IAM is planning to achieve Chartered Status and develop a Register of Professionals in Asset Management. This will position Asset Management alongside well respected professions such as engineering, accounting and law; and will increase the IAM’s professional standing globally. Phase 1: Pilot Launch 50+ Graduates Phase 3: Bridging the Gap 2017 2018–2019 2020+ Phase 2: Partnership Network Building Training and Innovation Centre as an added bonus for membership into the Network – globally recognized training is prioritized for Network Members, in recognition of the needs to build AM capacity within the front lines Chartership Status “Brampton is one of leading municipalities in the world in the adoption of Asset Management by integrating the ISO international standard into its broader governance and asset risk framework.” Mr. Richard Edwards, Past President, Institute of Asset Management (IAM)

18 Benefits of the AM Network
Staff Engagement and Recognition within the Organization! Formal recognition from the CAMO Team and the Treasurer – visible branding and ‘membership’

19 Lessons Learned from the AM Network Journey
Ongoing participation – membership of the Network changes with shifts in positions, roles and responsibility Decision Making – need to prioritize over competing priorities Alignment with the “Top” – AM Network must keep the vision of the Steering Committee in mind Change Management –to release “the way it has always been done” and embrace a new approach

20 The Future of the AM Network – Shaping Corporate Culture and Values
The AM Network is poised to assist the City of Brampton in the delivery of a “Future Ready” Asset Management Program Brampton’s leadership in establishing an active mechanism to foster Change Management will allow for a smooth delivery of its Roadmap Sharing of resources and coordination of initiatives will result in greater efficiency Ongoing communication and sharing will create cohesive “Top-down” and “Bottom- up” views Developing a Corporate Culture which values Asset Management and sees the benefits at all levels will be key to the Corporate Asset Management’s Program success and to meeting Regulatory requirement by 2024. A culture of innovation will be key in developing a “living document” approach to AMP – not a report that sits on the shelf but a coordinate and optimized effort to improve asset stewardship activities

21 Next Steps Regular CAM Network and Steering Committee Meetings – Keep the Momentum Going! Endorsement of the CAM Governance Structure Strategic Asset Management Policy

22 THANK YOU! Questions? Visit Vanessa Chau, P.Eng. Grace McLenaghan, P.Eng., PMP


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