Performance Audit
Your first step to becoming PAS55 compliant and optimizing the asset management operation is the Stratum EAM Performance Audit.
Whereas our Asset Quality Model (AQM) defines the Best Practice state of the asset management operation, the EAM Performance Audit helps you get there.
The Stratum EAM Performance Audit is grounded in the PAS55 Assessment Methodology (PAM). The Audit evaluates and benchmarks your current process, system configuration, organization, and data structures against industry-accepted and proven Best Practices.
Specifically:
- The entire EAM value stream (e.g., Engineering, Maintenance, Purchasing) is thoroughly reviewed and formally base-lined.
- An audit scorecard guides the interview and evaluation process.
- A data analysis is performed to evaluate master and transactional data elements.
- An executive presentation is delivered identifying gaps and recommendations for improvement.
- The finalized EAM Performance Audit is used as a benchmark to measure future improvements and asset management performance.
The deliverables from the EAM Performance Audit include:
- Gap Analysis – Identification of critical gaps between the current state and industry-accepted Best Practice.
- Best Practice Recommendations – Proposals for how to close gaps and drive performance improvements.
- Audit Scorecard – A detailed Audit Scorecard to document findings.
- Implementation Plan – A proposal for how the client and Stratum can jointly deploy a Best Practice asset management solution.
- Business Case – A financial ROI model that identifies the potential dollar opportunity and savings by integrating EAM and Best Practices.
- Executive Presentation – A presentation to management discussing key findings and recommendations.
We let our clients know where they stand against the best and then provide them with an implementation plan to achieve best-in-class status. Let us help you drive improvements across your asset management operation.