Uplift your Capability through Training for
Transformational Change in the Utility Sector
Capability uplift is about equipping your team with the skills they need to do what is required of them, resulting in better business outcomes. Effective education structured around People, Process & Technology will enable utility professionals and teams to acquire and apply appropriate knowledge and skills that will better prepare them for the transformational change of the utility sector. It’s about ensuring that you and your team develops core competencies through targeted education to remove the capability gap.
Utility companies need to adopt an organisation wide Enterprise Asset Management approach to realise their strategic goals. An issue facing many utility companies is a poor standard of Asset Management proficiency. This is becoming recognised by many Regulatory bodies which are now imposing additional scrutiny in this area.These training tools have been developed by industry Asset Management leaders that have been associated with major AM global initiatives. These tools aim to tackle the unprecedented structural and technological changes occurring.The tools focus on:- Understanding performance levers to manage the impact of resource shortages and rising prices to customers; and-Asset management tools and techniques required to adopt ISO 55001 (the preferred asset management philosophy).
Strategic Transformation of the Utility Sector
At their core, utilities are asset intensive companies that strive to realise the lowest whole of life cost for a given level of risk and performance level from its assets. Financial performance is underpinned by how effective the organisation manages assets throughout their lifecycle. Information and Communications Technology (ICT) and its integration into the business processes has become essential to effectively analyse, manage and optimise the asset network.The utility industry is undergoing unprecedented transformation. Political agendas are driving regulatory constraints that are affecting all industry professionals. As the utility industry transforms, it will need to move towards one that is capable of adapting to constantly changing stakeholder requirements.
Project Management in a Regulated Environment
Although working hard to manage a complex program of work unfortunately, many Project Management Office (PMO) and project delivery teams in the utilities sector are perceived as providing poor capability in managing the prudency of capital investment decisions and the efficiency of project delivery.The Project Management online training tool has been developed using the insights of multiple global PM leaders and is agnostic of methodology. These tools can comfortably be adopted in a PRINCE2 or PMBOK environment.Training and tools include:
- Establishing reporting standards (project and portfolio level);
- Understanding resource management processes and toolsets;
- Program of Work (POW) control, governance and prioritisation processes;
- Developing business cases and technical reports that demonstrate the prudency of the investment;
- Establishing governance structures for projects, programs and portfolios;
- Training in project delivery methodology (including processes and templates);
- PMO Training, provided to uplift skills and expectations of PMO Staff; and
- Project Management Training (schedule, cost control and risk).