Rated Best in Class for External Market Insight
The ALM Vanguard: Asset Performance Management Consulting has published. Asset reliability excellence hinges on the utilization of equipment data. In an evolving digital landscape, where access to more refined data solutions continues to increase, leading consulting firms must stay abreast of these changes in order to deliver impactful solutions to their clients.
PwC received a Leader rating, among 28 firms evaluated in the report. PwC’s was rated Strong or Very Strong in Internal Client Insight, Operating System and Project Management.
Leaders are, “at the top of the market in terms of their capabilities to create client impact through their depth of expertise and ability to deploy it across a range of engagement models. They are unique in their ability to independently execute a broad array of projects across the full spectrum of client contexts.”
Naima Hoque Essing authored the report. In regards to PwC in the Asset Performance Management context, she states, “PwC helps clients cut through the noise to focus on the actual obstacles that prevent them from achieving full value from their asset portfolios. It is distinct for its ability to address issues from multiple perspectives, not only from the lens of technology, data, and workforce issues but also from less obvious but just as significant risk, regulatory and accounting perspectives that enable clients to optimize outcomes at both the project and enterprise level.”
On the firm’s approach, Essing notes, “PwC adopts a lifecycle perspective that integrates capital strategy, project delivery, and asset operations and maintenance services. In this context, the firm puts particular emphasis on helping clients with the linkage between project delivery and operations – for example, by integrating project data into EAM systems and adapting management processes and structures to optimize the operation of new assets.”
The report goes on to discuss PwC’s approach to service delivery, “Recognizing that digital maturity differs across companies, PwC meets clients at their unique starting point in helping them undertake the systematic improvements in capabilities, processes and tools needed to increasingly utilize equipment data in making better asset management and maintenance decisions. It has developed several best-practice frameworks and playbooks to guide and accelerate digital transformation journeys, particularly around building stronger predictive maintenance capabilities…To ensure successful and sustainable implementation, the firm in effect brings forward change management into the innovation process by involving both end users and functional experts, not only in asset management and data technologies but also those who can provide and informed perspective on risk, regulation, and accounting issues.”
Miles Everson, PwC’s Global Advisory Leader, said of the ranking, “We are delighted to be named a leader for asset performance management. Our approach to this area of the business is to understand where clients are and help them utilize data to reach their desired objectives. We involve various disciplines to ensure that asset management improvements occur holistically and changes implemented are effective and sustainable.”
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