Continue celebrating March as Asset Management Awareness Month. See more in Upcoming Events below about NPMA events and the ALN BIMStorm – Higher Education web program March 22 at 4 pm Eastern.
On ALN Th@3 pm ET this week we will talk with Richard Culbertson about what may be a systemic failure of asset management recognition by U.S. gas utilities and distributors. See more below in People. Register here.
Jacobs: Challenging today.
Reinventing tomorrow.
People
Rich Culbertson, ALN Board of Directors Member and ALN Senior Fellow, was quoted last week in an article in the Pittsburgh Post-Gazette about a house explosion caused by an over-pressured gas line. Mr. Culbertson had been following improper gas pressure issues from Columbia Gas because one of his rental properties was impacted by a similar issue and other concerns. This incident lead him to observe and comment on Columbia Gas request for rate increases that were not justified by measurements in line with federal reporting on assets and performance. Mr. Culbertson’s extensive understanding of federal reporting requirements and person investigations reveals what could be a nation-wide systematic abuse of proper asset management reporting that may be resulting in overpayment for new projects. Join us on ALN Th@3 pm ET to learn more. Register here.
Sources
Continual Improvement
Financial tools have to continuously evolve along with everything else in the world. Cryptocurrencies are being explored as a financial asset that can improve outcomes for individuals and for organizations. Last week, the Abritrum Foundation launched the first self-executing Distributed Autonomous Organization (DAO) model for the cryptocurrency Ethereum Virtual Machine-compatible roll-up technology and released the $ARB token. According to the Arbitrum Foundation, $ARB will mark Arbitrum’s official transition into a decentralized autonomous organization (DAO), meaning $ARB holders will be able to vote on key decisions governing networks that allow users to transact on the Ethereum blockchain with greater speeds and lower fees. While not something that will immediately impact the physical asset management community, it is a significant business process development that will eventually have positive implication in improving equity, diversity, inclusion, and ensured outcomes in traditional organizations.
Ideas
Keep Considering ESG
ALN Patron Member CGI recently published an excellent 2022 ESG Report and a cover letter from President and CEO George Schindler about the organization’s view on measuring use of its assets related to Environmental, Social, and Governance issues that benefit the company, shareholders, and customers. As a signatory to the UN Global Compact, CGI sees ESG measures as a way of showing their commitment to global sustainability. Their ESG efforts are reviewed by Dow Jones Sustainability Indices (DJSI) and EcoVadis, which awarded CGI a Platinum rating for Sustainability Performance. We know there is a surprising controversy about ESG, but when a organization chooses to measure the use of their assets in a new way while still providing measurable financial benefits to shareholders, there does not need to be. CGI’s excellent report makes the case for including more measurements of success than just a financial bottom line.
Upcoming Events
ALN BIMStorm – Higher Education
Wednesdays at 4 pm Eastern
All are invited to participate in the ALN BIMStorm – Higher Education to learn how an advanced governance system for assets can guide the use of ever evolving tools and processes. In a powerful demonstration of current capabilities, a series of learning opportunities will be focused on planning a temporary women’s health clinic to be “landed” on the campus of Ankara, Turkey. Asset management principals and fundamentals will be demonstrated through interactive workshops. Funds will be collected to support United Nations earthquake response efforts.
On March 22 at 4 pm Eastern we will focus on the collected asset information, new ways of processing it, graphic presentation, and decision making aides that are available using proven tools, including Artificial Intelligence. Please join us. Please register at this link. https://www.assetleadership.net/aln-bimstorm/
Schedule Overview
Wednesdays at 4 pm Eastern
March 15 – Planning Session – Invitation only
March 22 – Public Presentation with Kimon Onuma and Jack Dempsey
March 29 – Earthquake Relief Considerations based on March 22 activities – Donation Required
April 5 – Planning session – open invitation
April 12 – Final Public Presentation with Kimon Onuma and Jack Dempsey
For more information email BIMStorm@AssetLeadership.net
Asset Management Awareness Month is intended to urge businesses and organizations to learn how improved asset and property management practices can contribute to the overall mission and revenue goals of their organization. Asset Management Awareness Month is a perfect reminder for organizations to evaluate their asset management support. The month also encourages all organizations to consider the value of asset management.
NPMA invites all members of the asset management community to participate in and share free webinars, receive helpful tips, and gain the knowledge to spread awareness about the value of asset management throughout their organization.
NPMA 2023 Asset Management Awareness Month Event Schedule
Free Webinars
Basics of Fleet Management for Property Managers
Thursday, March 2 at 1 PM EST
Presented by Scott Wold, TechSystems, Inc.
Why Automation Is Important for Property Managers
Wednesday, March 8 at 1PM EST
Presented by Peter Collins, A2B Tracking
Electric Vehicles
Wednesday, March 15 at 1PM EDT
Presented by Eric L. Brown, Sr., CPPM, CF, Department of Homeland Security
Essential Aspects & Keys to Success in a Diverse Work Environment
Wednesday, March 22 at 1PM EDT
Presented by Ivonne Bachar, CPPM, CF, Stanford University
The Importance of ‘Understanding’ in Property & Asset Management
Wednesday, March 29 at 1PM EDT
Presented by Dr. Douglas Goetz, CPPM, CF
Details and registration information are available here.
If you are part of an ALN Member Organization, please send information about your upcoming speaking engagements to info@AssetLeadership.net.