Applying Asset Management (Martin Kerr)

In this podcast I speak to the different elements of an Asset Management System / Framework. The insights provided are from years of implementation experience but also acknowledge that while there are technical aspects of Asset Management, it is an organizational consideration.

• A Framework for Decision Making
• Plan, Do, Check & Act
• Governance and Decision Making
• Framework vs System
• Asset Management Policy
• Strategic Asset Management Plan (SAMP)
• Asset Management Plan (AMP)

I will discuss key concepts that will help you understand not only what Asset Management is but what it seeks to do. These insights come from years of implementation experience and I hope they will broaden your mind to the fact that everyone on earth is doing Asset Management, but most don't understand that they are. The topics within this podcast are:

• You're already doing Asset Management
• Examples of Value
• Asset Management vs the Management of Assets
• Demand to Value
• Cost, Risk and Performance
• Asset Management Definition
• hy is an Asset?
• What is an Asset?
• You and Asset Management

An Asset is anything that may or does generate value for stakeholders! Understanding what an asset is and how it relates to change is a hidden advantage in change management (influence). This podcast simplifies the concept of an asset. Your host, Martin Kerr is a Certified Fellow in Asset Management and a representative on the International Organization for Standardization (ISO) for Asset Management (ISO550xx). Martin and the team at Structured Change use Asset Management in every assignment to drive sustainable change for organizations.

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

This episode is dedicated to simplifying "Asset Management". Understanding "Asset Management" vs "The Management of Assets" is a must when engaging change in an asset-intensive organization. Differentiating the two will provide clarity to stakeholders and promote trust and respect. When people understand their role in asset management, especially supporting functions (i.e. Finance, Human Resources, Engineering, Legal and Commercial) there is an instant capability lift that generates collaboration, positive challenge and converging conversations. Asset Management is a great way in which to influence change. Change driven on value will always win against change driven on cost alone!

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

Configuration is a key element in the "Management of Assets". Configuration Management is a key consideration in "Asset Management". Unfortunately, it is often seen as a cost or excessive effort. Understanding what your assets are and where they are, is key to effective decision making, system availability, operational support and managing cost and change. This episode explores some practical examples of Configuration Management. 

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

The question "What is Change?" appears to be an obvious one! However we humans like to over complicate things and confuse each other in the process. This short podcast explains how change can be viewed and interpreted and how understanding the currents of change is the starting point for any person wishing to influence change. 

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

Change Management is a broad topic. This episode simplifies Change Management and frames the different levels of change. By understanding the different levels of change one can construct a meaningful conversation, influence change and empower through collaboration.

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

Listening to people sounds straightforward...That's because it is! The secret to change and influence is to be able to "read between the lines" and understand the "What, How, When and Why" of the conversation. This episode considers a framework of consideration for your next engagement.

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

As Change practitioners, we are continually seeking to improve ourselves and influence an outcome. When we are with people the exchange of information varies between frustration, knowledge, innovation, and value.

We, humans, tend to talk about ourselves (even when we don't intend to). By understanding Apathy, Empathy and Sympathy when we engage and listen to others, we are forearming ourselves against becoming dragged into the problems we are trying to resolve. Being mindful of these perspectives actually helps those we are engaging with, as much as we are trying to help ourselves...

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

In 1943 Abraham Maslow published the "Maslow's Hierarchy of Needs". This 5 level structure, for the most part, has been accepted around the world as a tangible hierarchy for how people view themselves on earth. In change and leadership, we can use this hierarchy to gauge, steer and influence outcomes. This episode takes a look from a change perspective and is intended to provide a series of lenses we can apply in our day to day engagements with others.

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

Being able to differentiate between Data, Information, Knowledge, and Wisdom is key to influencing and sustaining change. In your conversations and engagements with stakeholders, Knowledge Transfer is paramount in enabling value. This episode describes each of these levels of knowledge transfer and how they factor in effective change.

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

Why is Change Leadership important?

• Provides direction (mind) and purpose (heart) to the operations of the organization.
• It is the social influence to help others change and align with a new way of doing things.
• Provides the capability to meet the requirements of stakeholders.
• Addresses the risks and issues that face the organization (internal and external).
• Balances the change management with the transition.
• Creates and nurtures an environment for success. 

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

About you…

• You are human and have set ways of thinking and feeling.
• You have fears and anxiety.
• You like to feel accepted.
• You have a purpose.
• You have an ego and a perception of how others view you.
• You don’t know everything.

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

About Them...

• They are human (They have feelings and their own lives).
• They all contribute something (They have a purpose).
• They come to work for many reasons (Money is only one reason).
• They want to belong (Being part of a Team is a privilege).
• They want to be respected (They have knowledge and ideas).
• They want to feel safe (This requires reinforcement).
• They want to be heard (Everyone can contribute…Allow them).
• They want to be acknowledged (People like to be recognized occasionally for their contribution).

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

What is a Change Hierarchy?

• Sets the scene for change by separating the WHY from the HOW.
• It is a simple, agnostic and scalable way in which to position change effort in an organization.
• An effective way to discuss the change in the correct context.
• Assists with visualizing and measuring the change.
• Supports business cases for change because people understand how the organization pictures itself now and the change ahead.

The hierarchy is narrow at the top but then spreads out across the organization.

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

Why are Principles important?

• They allow us to have purposeful discussions.
• They help us explain the continuum, not the destination.
• They are guiding and promote convergence.
• They are a great way to resolve the ambiguity.
• They assist us to navigate detail especially when we are not experts.
• They promote trust because they influence a discussion based on the outcome as opposed to the detail.

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

Different types of Change

Change can be categorized into one of three types:

• Strategic Change
• Tactical Change
• Operational Change

Positioning the type of change creates a context for stakeholders. Types of change are a great way to align Risk and Opportunity.

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

A "Management System" or "System of Work" or in the most basic terms "How we get things done around here!" is the backbone of any organization. Without a Management System of some description, you are relying on luck! A Management System is the foundation stone for both Change Management and Asset Management. A Management System is a form of assurance. You don't have to go to great expense or achieve certification to achieve value from a Management System!

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches. 

One goal of any Management System is to provide a desired level of Assurance. Understanding the difference between Assurance and Control is an important factor in change and the implementation of a Management System. This episode looks at the difference between the two and how to use them to create value.

We have collected our learnings from the field and shared them for likeminded people working in Change, Asset Management and Management Systems. We hope that you will gain insights from our experiences. Each podcast is conveyed through the eyes of the person sharing the experience, not just an academic account of what occurred. These are real-life experiences and approaches.