Centrica Energy project hits asset management targets
28 Jul 2010
London – The Woodhouse Partnership Ltd (TWPL) has recently carried out an assessment and gap analysis of Centrica Energy Thermal Generation Business Unit’s (TGBU) asset management processes against the PAS 55:2008 good practice model.
The project builds on a relationship going back to 2007 when TWPL initially carried out a review of Centrica’s asset management practices and this was repeated in 2008. Each stage has helped the TGBU identify where changes to help improve business performance can be made.
In May 2010, TWPL carried out a further assessment of TGBU’s asset management practices, with the objective of confirming the progress that has been made in implementing good asset management principles and helping identify where additional business benefit could be obtained. The ‘benchmark’ of good practice used was the requirements of PAS 55:2008 (the Specification for Optimized Management of Physical Assets).
The assessments consisted of a review of TGBU’s documentation and structured one-to-one interviews with individuals from across the business unit. David Gooda, principal consultant, TWPL, said: ’As a result of our review of Centrica Energy’s TGBU, significant business improvement opportunities were identified, which the TGBU is now prioritising and embedding into its continuous improvement plan.’
TWPL uses a rigorous assessment approach and maturity ranking that incorporates and extends the Institute of Asset Management’s PAS 55 assessment methodology. The gap analysis for TGBU identified where departures from the PAS 55 good practice model existed, what remedial action was required, the likely benefit and the relative importance of gap closure.
