BIS
Asset
Management
The Basics
BIS bridges the gap between
finance and engineering.
finance and engineering.
Asset management
is intended to bridge
the
gap between budgeting
and engineering
that exists
in
most utilities.
Our approach can help you answer the following questions:
- How much should I spend
and on what? - How can I communicate
asset replacement needs to
non-technical decision makers? - How does my spending relate to my service drivers?
- How can I prioritize across assets and across business lines?
The BIS Approach
Justification of Spending Needs
Spending is justified economically in terms of your service drivers, such as financial performance or service reliability. Costs and benefits include the customers' perspective.
Prioritization of Spending Options
All spending is evaluated in consistent terms so resources can be directed to the highest-return programs.
A Repeatable, Defensible, Data-Driven Process
Your decision-support tools will help you make use of the data you are already collecting. Data will be used in a systematic way to support spending decisions, which helps you take the personalities out of your decision making and budgeting process.
BIS Consulting, LLC 2009