Webinar – Veritas MCDA as a Method for Prioritising Asset Funding (AM in Action – a 2024 Excellence Award Submission)

Part of the Asset Management in Action Webinar Series – showcasing submissions from the 2024 Excellence Awards. Discover the innovative approach of the Veritas Customer Systems and Operations (CSO) Branch in prioritising investment decisions through a pioneering pilot programme. This webinar will explore the application of a bespoke Multi-Criteria Decision Analysis (MCDA) methodology, which has significantly enhanced the process of reviewing, improving, and prioritising investments to achieve the greatest contribution to service objectives.

The webinar will cover:

• The development and implementation of the MCDA methodology, which optimises investment decisions by factoring in cost, risk, and performance.
• Insights into the strategic issues, processes, and performance measures that guided the prioritisation of investment projects.
• The integration of the innovative AppO software to calculate Relative Business Value (RBV) for each project, providing an objective ranking for investment prioritisation.
• The application of “what-if” scenarios to adjust investment priorities based on different stakeholder perspectives and strategic importance.

Join us to learn about the key features and contributions of this project, including:

• The structured, objective, and transparent approach to investment decision-making.
• he use of RBV to compare and prioritise projects, ensuring alignment with strategic objectives.
• The ancillary benefits of the project, such as improved asset processes, customer-focused performance measures, and enhanced decision-making criteria.

Presenter:
Alan Bellrose, Veritas Asia Pacific

Alan is VERITAS Asia Pacific’s Principal Consultant and Leader of the Operational Excellence service line and has over 30 years in the successful development and implementation of strategic asset management, large business transformation and process improvement projects, risk assessments, product designs, and strategic vision setting, formulation and execution.

Alan’s experience covers government, rail, telecommunications, manufacturing, maintenance, logistics, construction, security and fire-protection services.

With the experience of over 450 improvement projects, many in optimising fabrication, service and transactions, Alan has a record in driving and delivering project outcomes aligned to business strategy throughout Australasia.

He has previously worked for a number of well-known multinationals and large Australian organisations in private industry and government. He has developed and delivered customised change management, problem-solving and critical thinking programs, delivering over 3,600 hours of structured training to more than 650 personnel.

During the last 30 years, Alan has acquired knowledge in transport assets specifically in rolling stock, including the design, build, maintenance and refurbishment of passenger trains, diesel and electric locomotives, as well as construction, access and earth moving equipment. Specifically, he has advised what is known today as Sydney Trains on optimal scheduled maintenance periods following an in-depth analysis of reliability performance and maintenance practices; optimised warehousing for a renowned fire-protection services brand, implemented Lean pull systems and Kanban in manufacturing, maintenance and office facilities.

Gain valuable insights into how Veritas’ CSO Branch successfully implemented an MCDA methodology to enhance investment decision-making processes. This webinar is essential for professionals interested in advancing their organisation’s asset management practices and achieving optimal business value from limited resources.

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