Physical Asset Management

Physical Asset Management

The KPMG Global Asset Management Competence Center will give you access to leading asset management techniques.

We will give you access to leading asset management techniques

A well-considered asset management framework enables asset intensive organisations to strengthen the management of their physical assets and to increase their Return on Assets employed (ROAe). It provides the capabilities needed in improving the asset management decision, asset life cycle processes, risk management, IT infrastructure concepts, asset performance improvements, assurance, internal controls, as well as an accurate, timely and complete ‘financial-techncial’ reporting and gaining a better understanding of financing needs.

The KPMG Global Asset Management Competence Center will give you access to leading asset management techniques, which can help you increase returns, raise awareness of assets and increase stakeholder confidence. In addition, we believe in working together on a participative basis and in transferring knowledge. Our methodologies are innovative and used by many leading asset-intensive companies, in a wide variety of sectors.

 

Today's challenges

  • Gaining a common, organization-wide understanding of asset management, developing a clear understanding of the asset management line of sight concept
  • Implementation of an asset management strategy and asset Target Operating Model
  • Assurance on accurate financial-technical reporting on physical assets and improved transparancy from the board level to the plant level
  • Improve insight into past investments to provide for accurate forecasting, planning and budgeting – achieve important cost reductions (Opex and Capex) while delivering improvements in performance and customers value
  • Improve operational, technical and financial asset data quality
  • Strive for integrated tools supporting good practice asset management initiatives
  • Simplify current asset management life cycle and related processes
  • Delivering greater stakeholder value and return on investment assets employed
  • Need for asset management system for ISO 5500x accreditation.

 

Our approach:

The KPMG Global Asset Management Competence Center provides tailor-made methodologies, which take a multi-dimensional approach towards physical Asset Management and dissects the different parts of Asset Management: its Systems, its Processes and Controls and the Human Factor.

 

Our methodologies are innovative and used by many leading asset-intensive entities, in a wide variety of sectors. The KPMG Global Asset Management Competence Center will give you access to high quality Asset Management techniques and tools, which can help you to increase investment returns on assets employed, to raise awareness on the importance of asset management and to increase stakeholder’s confidence in reporting on your assets and asset management system. In addition, we believe in working together on a participative basis and in transferring knowledge.

 

How KPMG can help:

  • Develop an asset management strategy and asset Target Operating Model 
  • Build an asset register  
  • Perform the physical inventory of your assets with fast and accurate methodologies 
  • Audit your physical assets 
  • Detect Asset Management opportunities based upon Asset Management standards (e.g. ISO 55000:2014, BSI:PAS 55, the IIMM, and NAMS+). 
  • Prepare you for the ISO 5500x accreditation Improve data quality and reporting  
  • Perform valuations and due diligence  
  • Define asset management processes and procedures 
  • Train your people

 

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