Scope and Objecives of the SALVO Project

Shamrock diagram of competing objectives

SALVO set out to identify, collate and, where necessary, develop best practices in asset management decision-making, particularly in the management of aging assets. However, it is important to recognise that 'aging' is not the same as 'old'. 

SALVO scope covered the full range of aging mechanisms, which can occur at any stage in an asset's life, including 'premature' degradation and external considerations such as obsolescence (i.e. the current assets are aging relative to new alternatives) or changing functional demand (i.e. the current assets are becoming no longer fit for purpose).

The goal of the collaboration was to develop definitive and generic methods to help technical people make the right choices on what to do and when, including the disciplines and skills to undertake the appropriate business case evaluations even if the available hard data is incomplete. In the case of life cycle decisions, the current widespread inconsistencies in decision-making rigour and competency, combined with the significant business impact of making the wrong decision, makes SALVO relevant, timely and valuable to almost any organisation. 

What Makes the SALVO Process New and Effective?

Uniquely, the SALVO Process combined business/commercial decision-making standards with human factors (such as motivation, pyschology, expert knowledge, etc) and asset management expertise in navigating which options to explore in the first place, and how to quantify competing priorities (see Shamrock diagram above). It incorporates education, business process disciplines and state-of-the-art 'what if?' software tools to determine the optimal intervention timing, project value-for-money, the optimal number of spares to hold, optimal maintenance intervals and a wide range of other asset management options.

To read full process description, please click here.

Alignment with good practice standards

The SALVO  project lines up perfectly with the requirements of the new ISO 55001 standard for asset management, which mandates that decision-making criteria should be explicitly identified, documented and consistently applied. The SALVO Process is a transparently logical, flexible and optimized way to meet these requirements.

Furthermore, in line with the PAS 55 standard for optimal management of physical assets, there are three main levels of ‘granularity’ required for such decision-making, all of which are covered comprehensively by the SALVO  scope:

       pas55 optimisation requirements
  • Individual intervention decisions for individual assets (‘Shall I do this job on this asset, and if so, when?)
  • Optimal combination of inspections, maintenance and renewal modifications for specific assets or asset groups to deliver optimal whole life cycle value.
  • Optimal delivery of the resulting investment plans, maintenance, and other activities, often within resourcing, acccess (downtime) or financial constraints.

 

SALVO  has improved our capability to address all three of these in an integrated manner, establishing transparent justifications of individual activites and their timings, the best value combined (whole life cycle) asset management strategies and optimal blending and bundling into portfolio-wide programmes of investment, resourcing, residual risk and performance.

SALVO Tools & Methods

Training

  • Comprehensive range of modular training courses.
  • 1-3 day units with in-house, public and customised delivery options.
  • 3-tier Competency Framework for Certified practitioners, facilitators and consultants.

Consultancy

  • Taster workshops to trial SALVO on your own cases.
  • Facilitated study programmes to explore and integrate into your business processes.
  • Call-in expert analyst service for periodic studies or taskforce review programmes.

Software tools 

  • Modular decision-support suite
  • Enterprise, network & PC configurations
  • Software-as-a-Service options (access on-line)