2021 Schedule

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Managing Asset Management Return-on-Investment (ROI) Risk

Presenter: Paul Casto
APM Industry Principal, GE Digital
When we talk to the leadership about improvement projects the first response we often hear is “show me the money”. The business case is the tool used to communicate the approach, benefits, value created and justify project expenditure. The value is measured by Return on Investment (ROI). ROI is calculated by a cash flow model highlighting benefits and cash flows (positive and negative), and quantified as NPV, IRR, Breakeven, etc. However, based on past project returns, management often views these ROI projections as “risky business”. This is not an underserved reputation as, over the years, many maintenance, and asset management projects have failed to deliver the returns that were promised. This session will address how to build the business case, some of the common risks that impact ROI, and tools and techniques to identify and mitigate potential risks will be reviewed. Special emphasis will be given to enlisting senior management assistance in management ROI risk.
About the Presenter:

Paul Casto is an Asset Performance Management Industry Principal at GE Digital and is a leading practitioner in Asset Performance Management (APM), reliability, and maintenance improvement methodologies. Paul is also the current chair for the Society of Maintenance and Reliability Professionals (SMRP). He has hands-on experience in asset management, reliability, maintenance, operations and engineering in the chemical, oil & gas, metal, mining, and construction industries. His current areas of interest include enterprise risk management, application of maintenance best practices, advanced predictive technologies, machine learning and reliability analytics. Paul hold multiple degrees and certifications in maintenance, reliability, and asset management. His current academic work is in Enterprise Risk Management applied to value at Boston University.