WRc recaps on RWM 2023!
Published on: 26 Sep 2023
It's #TechnicalTuesday so Andrew McArthur, Technical Director of our Management Consulting team, is considering the future of asset management - is circularity the way forward?
It is often said that 60-70% of an organisation’s whole life costs are committed at the concept and design stage. This traditional view of asset management practice presupposes a linear model of take-make-waste (or recycle), but what if there was no ‘end-of-asset-life’, only a new-asset-beginning?
Consider, then, a circular model that at its heart is regenerative and helps maintain and build economic, social and natural capital; a closed loop that requires fewer new natural resources, produces little to no waste and supports sustainable economic growth. This raises many questions for the asset management community, not least in how we then define ‘whole-life’ or consider the business model changes required to enable made-to-be-made-again products or services. So, what can we do, as asset managers, to drive forward and evolve asset management practices so that they better enable circular thinking?
Director of Management Consulting
Andrew has extensive experience with business change and transformation, with a technical focus in asset management. He has successfully supported numerous clients across the water, transport and energy sectors to improve their asset management maturity, allowing them to balance cost, risk and performance parameters and the delivery of risk and evidence-based investment plans. This includes the identification and delivery of performance improvements to strategy, plans, process and procedure – across the asset lifecycle - so that assets are managed in alignment with organisational objectives.