October 18 Luncheon Topic
Developing and Implementing
Asset Management Program
Roop Lutchman, PE, PMP
Principal, Business Consulting
Assistant General Manager,
Water Replenishment District
of Southern California
Asset Management has been practiced for many years by a variety of organizations. Corporations, municipalities and, in general, owners of all sorts have created (or acquired) assets or infrastructure to meet their customers and citizens needs. In addition, they’ve invested operating and capital resources to ensure the availability and reliability of these assets over time.
Unfortunately, many asset owners are not always confident they’re doing the right thing with those assets at the right time, at the right cost, and for the right reason. In a time of plenty, they could afford to “do more with more,” but as resources become limited, they’re forced to figure out how to “do more with less.” And if they can’t figure this out, they find themselves “doing less with less,” and as fiscal challenges rise the risk of troubles multiplies, a predicament that could lead to bankruptcy.
In response to these new realities, comprehensive Asset Management was conceived as a series of “best in class concepts” focusing on strategy, business processes, people and technology. Asset Management is all about new ways to collaborate around the asset life cycle.
When Asset Management is successful, there’s adequate capability to apply leading practices in all phases of business operations, and this capability is reliably utilized to achieve the right balance, or level of service or production at the lowest cost and at an acceptable level of risk. When properly applied, corporations can move to do a “doing more with less” environment, which helps them sustain a high level of performance.
The Executive Management Team at the Water Replenishment District of Southern California (WRD) recognized early the importance of Asset Management to their business model. In cooperation with GHD, they moved quickly to embark on a comprehensive program of Asset Management.
Join us October 18 for a fascinating overview of WRD’s asset management journey. Our speakers will share their experiences, and their results, in what promises to be a useful exposition for those who are currently engaged in Asset Management, or in process of starting their own programs.
About Our Speakers
Roop Luchtman is a principal in GHD’s Business Consulting/Advisory Services. With over 34 years of combined management consulting and industry experience, Roop is a professional engineer, project management professional, and recognized industry expert in the advisory services area. He has specific focus in Asset Management, Business Optimization, Knowledge & Information Management Solutions, and Project Management.
Roop is the author of three books on these subjects, all published by DESTech Publishers: Computerized Work Management Systems for Utilities and Plant Operations (2003), Sustainable Asset Management (2006) and Creating and Managing Sustainable Organizations (2011).
Roop is passionate about helping clients make the right decisions and develop the best solutions for their business.