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Asset Management - Valuation & Optimisation of Power Generation Assets - Achieving the Highest Value for Power Generation

Deregulation of energy markets and the introduction of competition into the power sector has made uncertainty a key part of asset valuation. Stakeholders in power production companies must be able to make decisions today about an uncertain tomorrow in a disciplined and objective fashion. This wholistic approach is not to view volatility as a dangerous externality, but rather as a profit maker. Avoid a severe impact on your financial situation caused by mismanagement of this risk exposure.

Turning 'Theory' into 'Practice'?

This course is for the strategist and decision maker who understands the fundamentals of risk, price and cost and who is looking for new ways of coping and benefiting from market volatility and the impact on asset portfolios. The goal for power companies should not be to avoid uncertainty but to strive for the highest return-to-risk ratio possible.

Who should attend?

The focus of the course is on fossil-fired generation, both natural gas and coal-fired, but the techniques used can be applied to a broader range of assets. CFOs, SVPs/VPs/Directors and Managers of Generation, Asset Management, Asset Services, Asset Optimization/Valuation, Acquisitions/Divestitures, Operations & Maintenance, Equipment Reliability, Plant Manager, Power Plant Projects Manager

Key areas to be covered in the programme and documentation

Key Elements of Efficient Asset Management Strategy

-Identifying the important dimensions to asset decisions -Balancing the short & long terms goals and plans -Finding balance between value and risk - Maximizing the value of existing assets -Identifying opportunities to improve the asset lifecycle and prioritizing these opportunities based on expected return and impact on the business objectives - Investments integration  

Extending & Optimizing the Asset Lifecycle - Asset / Portfolio Valuation

- Assessing most efficient valuation methods - Best practices for conducting technical physical plant assessment - Enhancing due diligence practices with portfolio valuation - Properly leveraging capital forecasting techniques for O&M decision making  

Ensuring the Dependability, reliability and Overall Asset / Portfolio Optimization

  - Key strategies for protecting key assets and enhancing performance - Exploring and implementing best practices in maintenance optimization - Balancing maintenance program investment with capital spending – Evaluating Long-Term / Short-Term Investments -  Utilization in market -  Life extension investment - Change adaptation at power plants  

Risk Management at Power Plant Level as a Critical part of Asset Management – Achieving Higher Cost Effectiveness

  - Identifying and managing the risk factors – Protecting & growing business in measurable way - Developing and deploying tailor made Risk Mitigation Strategies - Utilizing Plant / Portfolio Opportunities to asses the risk appetitive - Establishing consequences and cost of equipment failure  

Developing Condition Assessment Strategy & Risk Evaluation Plan

- Monitoring, evaluating and auditing asset condition

- Utilizing condition assessment tools and processes to precisely pinpoint current status (Equipment Condition Survey, Condition parameters score, Condition parameters factors, Condition grades, condition criteria, Equipment Condition Index Formulation – weighting and scoring, Equipment condition index)

- Utilizing the information effectively as a base for replacement and maintenance decision  

Capital Improvement and Justification – assessing Financial Asepcts

- Developing capital improvement models - Optimal replacement timing and capital plan - Conducting analysis & focusing on prioritization of decisions and goals - Justification - Action Planning  

Creating an Asset Management Strategy – Setting the Business Model

- Establishing the key goals and objectives - Making asset decisions in accordance with strategic plans – Setting asset management as business model - Clarifying roles and responsibilities – Reviewing the reporting mechanism - Developing processes and procedures – Setting key performance indicators - Creating an effective corrective maintenance plan when preventive measures fall short - Decision model & analysis  

Asset Management Strategy Implementation and Evaluation

- Defining the approach specific for your plant - Evaluation Process Management – Evaluation process and module based examples - Measuring condition of each asset to prevent costly downtime - Employing a cost-benefit analysis  - Maintaining a well functioning asset management process - Investments and - Adjustments  

Benefits to you

• Improving performance with effective asset management

• Understanding the importance of timely, accurate condition assessments in today's economic environment

• Benefiting from power plant valuation when considering purchase/sale of a generation asset or upgrading a facility – Minimizingstranded costs

• Defining and leveraging portfolio characteristics that add value and maximize ROI

• Determining the impact of operating constrains on power plant values and optimal operating policies

• Assessing and optimizing the plant's current generation position and generate accurate operating cash-flows forecasts

• Accurately estimating the performance and health of the power plant

• Gaining perspective on asset optimization based on their leadership position in worldwide generation

• Designing a more precise and realistic maintenance schedule for the power plant and allocating resources more effectively

Companies already benefiting include:

Duration of Course

2 Day Course

Course details

March 6-7, 2013 Chicago, IL

For more information about this course and how to register, please contact Emily Jones at emilyj@marcusevansch.com or call 312.540.3000 ext 6714

 

Other relevant courses include:
  RCM 2013 - Reliability Centred Maintenance - Optimising asset utilisation & Improving overall operation strategies to maximise performance
 
 
 
 

 

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Further information

UK Enquiries: +44 (0) 203 002 3057
or dzingim@marcusevansuk.com

Non-UK Enquiries: +420 (0)2 5570 7246
or training@marcusevanscz.com

North American Enquiries: +1 312 540 3000 X6714 or emilyj@marcusevansch.com




Testimonials

"This course will allow my company to develop its existing strategies to a much greater and hopefully profitable level."

Managing Director, Tarmac