City Scape

The Magic CPR Triangle

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Content Description
Original date: 
Saturday, February 27, 2021

To deliver value from our assets means organizations must manage cost, performance, and risk simultaneously. In practice, this is no easy task. Are there trade-offs? Sure, but seeking to balance breeds mediocrity. Can we optimize? Yes, the aim is to achieve higher service at a lower cost and acceptable risk. The magic CPR triangle provides a simple representation of a complex dynamic system that is constantly resolving itself to produce the results the organization deserves based on how well its assets are managed, or not. Join Paul Daoust as we challenge our perceptions of the fascinating relationship between cost, performance, and risk. Together we will apply the magic CPR triangle as a basis for crucial first principles thinking leading to more, better decisions, vastly improved business plans, and higher-value business outcomes from the same assets with fewer resources.

BoK Content Source: 
MainTrain 2021
BoK Content Type: 
Presentation Slides
Asset Management Framework Subject: 
00 Asset Management - General, 01 Strategy & Planning, 1.00 Strategy and Planning General, 02 Asset Management Decision Making, 2.00 Asset Management Decision Making General, 03 Lifecycle Delivery, 3.00 Lifecycle Delivery General, 04 Asset Information, 4.00 Asset Information General, 05 Organization & People, 5.00 Organization and People General, 06 Risk and Review, 6.00 Risk and Review General
Maintenance Management Framework Subject: 
02 Maintenance Program Mgmt, 2.0 Maintenance Program Mgmt General
Author Title: 
Founder, Managing Director
Author Employer: 
Scio Asset Management Inc.
Author Bio: 

Paul Daoust has almost 30 years of experience in asset management and operational excellence in the energy sector.

As the founder of Scio Asset Management, Paul is declaring war on mediocrity and empowering progressive operational leaders to make better decisions to stop value leakage in their organizations through learning, coaching, advising services, and technology solutions.

As a director of, Paul is a leading international advocate for asset management practices for industrial and infrastructure asset-owning organizations.