Asset Management

WSP plays a leading role in the development and growth of advanced asset management practices across the globe

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Owners, managers and operators of fleet, facilities and infrastructure are increasingly faced with the challenge of doing more with less – expanding and sustaining safe, resilient and reliable services with aging assets and constrained funding.

Imagine High Performance

Globally, Asset Management is bringing about a paradigm shift in how we care for the critical infrastructure on which we depend upon so greatly. Asset Management is focused on extracting value from our assets. It is about ensuring that we are doing the right amount of work, at the right time, at the right cost, to deliver the right level of service. It is a balancing act between what we can afford and what we need to provide. It is a shift away from reacting to failed assets to more preventive approaches.

High performance asset management drives the efficiency of asset intense businesses and enables them to adopt more economic and sustainable working practices. Case studies and global benchmarks demonstrate significant productivity benefits, improvements in service delivery performance, as well as reducing organization risk and increasing workforce safety.

Your Asset Management Partner

Our team is made up of senior advisors providing one of the largest and most local asset management consulting groups worldwide. With decades of experience, our advisors have outstanding technical capabilities in all asset classes, as well as a proven track record in delivering successful organization change programs – resulting in significant savings, improved asset performance and improved safety for clients.

WSP’s global asset management services are defined across two view-points:

Organization

Services to improve organization performance and decision making

Capability Assessment and improvement programs
Business transformation design, change and culture development
ISO 55001:2014 assessment and certification
Business process analysis and re-engineering
Digital Strategies
Technology solution planning, architecture, strategy and integration
Data and information analytics
Performance metrics and service level indicators
Asset Management risk and vulnerability assessment and management
Competence assessment and development, including asset management training

Asset

Services to improve the performance of assets

Reliability centered maintenance planning
Inventory condition assessment
GIS modeling
Predictive modeling
Failure analysis and rehabilitation design
Operations and maintenance budgeting
Network management (highways, utilities, oil and gas pipelines)
Portfolio management (government assets, bridges, buildings, ports)
Performance metrics and technical level indicators
Asset risk and vulnerability assessment and management

Our team offers asset management services across all sectors, including Bridges, Rail, Water, Roads, Aviation, Maritime, Mining, Energy and Buildings to name a few.

Promoting the Asset Management Discipline

WSP are at the forefront of asset management global thought leadership and are proud to support the development and dissemination of best practice knowledge, tools and processes.

WSP are patrons of the Institute of Asset Management – the international professional body for whole life management of physical assets.

WSP are gold members of the Asset Management Council – a technical society of Engineers Australia, and internationally recognized at the forefront of asset management knowledge development.

Our asset management experts have contributed to or undertaken primary author roles for many standards, manuals and guidebooks including:

International Standard for Asset Management Management Systems ISO 55001:2014, including membership on the Technical Advisory Group for the next edition of the ISO 55000 series of standards
US Federal Transit Administration’s – Transit Asset Management Guide (2012)
US Federal Highways Administration’s – Transportation Asset Management Guide (2020)
International Infrastructure Management Manual
ACRP Report 69 Executive Primer and Guidebook- Asset and Infrastructure Management for Airports
National Cooperative Highway Research Program ‘s guidance on ancillary assets

Recent Webinars

Snack & Learn Webinar - Improving Resilience, Well-Being and Meeting Equity and Social Justice Goals – Through Asset Management

Snack & Learn Webinar - Maximizing the Value of Green Infrastructure

Snack & Learn Webinar - New Methodological Approach to Assess Trip Resilience following Disaster

Snack & Learn Webinar - Shifting Priorities: How Does the Asset Manager Evaluate and Prioritise the Lowest Carbon Option, the Retrofit?

Snack & Learn Webinar - How to Get Executive Support for Asset Management Change

Snack & Learn Webinar - Benefits of a Robust Program Structure

Snack & Learn Webinar - Asset Management in the Context of Energy Transition

Snack & Learn Webinar - Making Local Councils Highway Infrastructure Asset Management (HIAM) Policies, Strategies and Plans Future Ready®

Snack & Learn Webinar - Key Components of a Robust Rail Owner/Operator Operations and Maintenance Agreement

Asset Valuations - Financial and Investors View of Managing Assets

Data Rich, Information Poor - Adding Value Through Improved Data Management

Supporting Strategic Business Transformation in Asset Management through Organizational Change Management

Asset Management Planning for Critical Infrastructure

Asset Management Maturity Assessment

ISO-55001 Adoption What is it Who is using it How it benefits us

Reducing Operating Expenses Through Maintenance Optimization

Improving Resilience to Natural Disasters and Pandemics - The Asset Management Response to COVID-19

Insights

Improving Asset Life Prediction: Degradation Drivers and Opportunities

Improving asset life prediction despite unknown degradation and imprecise failure mode understanding

Smart Infrastructure Boosts Asset Management

Let’s build a world where digitally enhanced infrastructure enables informed decisions and reduces risk

Advancing Energy Transition? Count Your Assets Too!

Understanding the underlying role of asset management when planning your energy transition

Benefits of a Robust Program Structure

Outlining a method for enabling portfolio-wide investment trade off decisions

Digital Twin-The Journey to Resilient Assets

A human-and data-centric approach to asset management helps extract and protect asset value.

Value through Asset Management - Defining the real ROI

Establishing an asset management system (AMS)

Creating an Organizational ‘Ecosystem’ for Effective Asset Management

Five key elements can lay the foundation for building a robust asset management organizational strategy that garners internal support and delivers impactful results.

Asset Management Prepares Organizations for Unexpected Events

Establishing plans and processes is critical to response and recovery

Developing Organization Resilience through Asset Management to Respond to COVID-19

How to build resilience within organisations in the time of a pandemic.

Positioning Edmonton International Airport for the Future

Edmonton International Airport is taking a holistic approach to become a vanguard facility and a hub for business growth in the region.

10 Questions to Master Asset Management

WSP's Advisory experts list the top 10 questions for a successful asset management process

Doing More With Existing Assets

Asset management in the mining industry

Why there is no such thing as maintenance backlog

Challenging the legacy paradigm of ‘maintenance backlog’ in the public sector and proposing a methodology in line with modern asset management standards.

THU-Asset_Mngmnt_Sustainability-Insights

Embedding Sustainability and Environmental Benefits into Asset Management Programs

Incorporating asset management programs and actively aligning them with sustainability goals can help ensure a more balanced focus across the entire life-cycle.

Municipal Asset Management Program: Funding for Canadian Municipalities

Strategic asset management is the foundation for asset resiliency and providing sustainable services

Harnessing Data for Water Utilities, So What?

Taking asset management to a new level to ensure smooth operations, using Orbi INSIGHT

Digital twins and nudge theory: Water gets a shake-up

Q&A with Tamsin Lishman, Asset Management Director, Northumbrian Water Group

Future Ready

COP26

Digital Twins Contribute to Infrastructure…

Less Talk, More Action

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WSP acquires the Environment & Infrastructure…

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