Finalist Award for 'Asset Management Team Achievement'

Derek Farrier December 12, 2019 Asset management, Technology

Home News Finalist Award for 'Asset Management Team Achievement'

We’re thrilled to say that we recently received a finalist award for ‘Asset Management Team Achievement’ at The Institute of Asset Management Global Awards 2019.

The team receiving the award comprised ourselves, Network Rail, Mott MacDonald and Arup, and the finalist award nomination was for:

“The team that has undertaken the transformative development of asset management processes for the management of the earthworks of Network Rail”. The Institute of Asset Management

This finalist award recognises the partnership built between our cross-disciplinary team made up of diverse specialists from the different suppliers ranging from geologists, geotechnical engineers, risk and resilience experts, data analysts, GIS specialists, data management systems and asset managers, ensuring that Network Rail was able to access the right domain knowledge for every aspect of their wide-ranging challenges.

The partnership has been running since 2014 to deliver a step change in the implementation of asset management principals, driven by Network Rail’s desire for continuous improvement and tackling some of their long-standing challenges. A significant research and development programme was delivered to support this. Our collaborative client/supplier team ensured that the right expertise was deployed for each activity, and outputs were always guided by the required pragmatism of the team.

The outcome is a marked reduction in the number of potentially severe earthworks failures on the network, and a fourfold reduction in the number of earthworks attributable train derailments.

For more information about our asset management systems work with Network Rail, contact Derek Farrier on 01756 699500.