Asset Management

WSP plays a leading role in the development and growth of advanced asset management practices around the globe.

We help clients solve real-world challenges and improve the services they deliver through more efficient and economic use of the assets they manage—doing the right work at the right time, and for the right cost.

Our team is made up of senior advisors with outstanding technical capabilities in all asset classes and decades of experience delivering organizational change, developing management practices and improving technology implementation. We have a proven track record of delivering successful transformation programs– resulting in significant saving, improved asset performance and improved safety for clients.

Your Asset Management Partner

Our deep understanding of asset class life cycle needs – combined with technology and business transformation leadership – enables our clients to improve performance, reduce life cycle costs and minimize risk.

Our full suite of services is designed to support your organization along its asset management improvement journey. From initial assessment and guidance through business transformation program management and project delivery, technology advisory and training, our services are designed to efficiently transition best practices into your organization.

We enable clients across infrastructure sectors – transportation, property and buildings, energy, and water and environment – to better manage their assets by making more informed decisions about when, where and how to invest, and by ensuring organizations have a framework to manage performance, risks and costs.

WSP’s global asset management services include:

STRATEGIC ASSET MANAGEMENT

— Capability assessment and improvement programs
— Business transformation design and delivery
— Organizational design, change and culture development
— ISO 55001:2014 assessment
— Capital programming and optimization
— Business process analysis and reengineering
— Digital strategies

TACTICAL ASSET MANAGEMENT

— Data and information analytics
— Technology solution planning, architecture, strategy and integration
— Performance metrics and service level indicators
— Reliability-centered maintenance planning
— Risk and vulnerability assessment and management
— Competence assessment
— Training program development and delivery

OPERATIONAL ASSET MANAGEMENT

— Inventory condition assessment and GIS modelling
— Predictive modeling
— Failure analysis and rehabilitation design
— Operations and maintenance budgeting
— Enterprise Asset Management
— Network Management (Highways, Utilities, Oil & Gas Pipelines)
— Portfolio Management (Bridges, Buildings, Ports)

DEVELOPING BENCHMARK DATA TO GUIDE STRATEGIC CHANGE

WSP has developed an industry-leading Asset Management Capability Assessment Model (am2c) that draws upon over 20 years of experience in managing critical infrastructure. Our model is mapped to global standards, industry best practices and national industry legislative requirements.

The model is used to assess an organization’s asset management maturity—which measures the degree of formality and optimization of processes and practices from ad hoc, to formally defined steps, to managed results, to active optimization. The output is used to evaluate and benchmark an organization, and support the development of an asset management improvement program. The structure and approach ensure consistent and repeatable assessment and provide access to a significant global benchmark pool.

Delivering savings with asset management technology applications

— Ensure systems are procured to meet business requirements
— Develop organization-wide technology strategies
— Provide guidance on implementation and support information frameworks

Training staff to build success from within, based on our successful Principles in Asset Management Training Program

— Strategic, tactical and operational asset management subjects
— Aligned to industry best practices
— Designed to deliver change in an organization’s performance

Supporting capital investment, maintenance and resource planning

— Define the necessary asset strategies to manage risks
— Deliver the required performance efficiently
— Work closely with key stakeholders to ensure strategies consider the current challenges with operations, management and delivery of the assets

Promoting the asset management discipline

— WSP is a patron of the Institute of Asset Management in the US

In addition, our experts include authors of and key contributors to international guidelines and best practice development, including:
— International Standard for Asset Management Systems ISO 55001:2014
— Federal Transit Administration’s Transit Asset Management Guide
— Federal Highways Administration’s Asset Management Guide
— National Cooperative Highway Research Program’s guidance on ancillary assets
— Airport Cooperative Research Program’s guide to airport asset management
— International Infrastructure Management Manual