Webinar – Veritas MCDA as a Method for Prioritising Asset Funding (AM in Action – a 2024 Excellence Award Submission)

Part of the Asset Management in Action Webinar Series – showcasing submissions from the 2024 Excellence Awards. Discover the innovative approach of the Veritas Customer Systems and Operations (CSO) Branch in prioritising investment decisions through a pioneering pilot programme. This webinar will explore the application of a bespoke Multi-Criteria Decision Analysis (MCDA) methodology, which has significantly enhanced the process of reviewing, improving, and prioritising investments to achieve the greatest contribution to service objectives.

The webinar will cover:

• The development and implementation of the MCDA methodology, which optimises investment decisions by factoring in cost, risk, and performance.
• Insights into the strategic issues, processes, and performance measures that guided the prioritisation of investment projects.
• The integration of the innovative AppO software to calculate Relative Business Value (RBV) for each project, providing an objective ranking for investment prioritisation.
• The application of “what-if” scenarios to adjust investment priorities based on different stakeholder perspectives and strategic importance.

Join us to learn about the key features and contributions of this project, including:

• The structured, objective, and transparent approach to investment decision-making.
• he use of RBV to compare and prioritise projects, ensuring alignment with strategic objectives.
• The ancillary benefits of the project, such as improved asset processes, customer-focused performance measures, and enhanced decision-making criteria.

Presenter:
Alan Bellrose, Veritas Asia Pacific

Gain valuable insights into how Veritas’ CSO Branch successfully implemented an MCDA methodology to enhance investment decision-making processes. This webinar is essential for professionals interested in advancing their organisation’s asset management practices and achieving optimal business value from limited resources.

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