Case Studies
SALVO methods have been applied and implemented in a range of industrial cases, with significant quantified business benefits. Find out more by reviewing some of our case studies below.
Outstanding Business Impact
Builds skills for optimal decision-making
Quantitative risk management is an embedded component within the SALVO Process. The modeling tools also break new ground in the business impact evaluation of compound risk patterns and failure modes, including those introduced by planned interventions.
Monetizes risk
Quantitative risk management is an embedded component within the SALVO Process. The modeling tools also break new ground in the business impact evaluation of compound risk patterns and failure modes, including those introduced by planned interventions.
Asset Knowledge
SALVO provides rigorous methods to capture and quantify expert knowledge. The decision support tools also provide an excellent audit trail, recording the ‘why’ (the basis for decisions) as well as the business case justification for what is worth doing, and when. The scenario exploration and ‘what if?’ methods also reveal
new insights into the business drivers that most affect critical decisions.
Quantifies asset whole life value
Whole life cycle asset management is at the core of SALVO. The process enables optimization of the asset life cycle value in procurement, operations & maintenance decisions, and end-of-asset-life decisions. The SALVO decision support methods also identify and justify what is optimal life in the first place.
Integrated Approach
A core objective of SALVO was to integrate processes, people and technology to ensure asset management decisions consistently deliver optimal value. SALVO acts as a catalyst for breaking down functional silos – giving people a language, template (‘decision storyboards’), and tools to determine the optimal strategies and ensure consensus. At the technology level, integration ensures that the right data is obtained and that decisions are then converted into actions and fed into work management systems, budgeting processes, resource forecasting, and the organization’s risk management system.
The SALVO Project (white paper)
cross-sector R&D collaboration addressed best practices in decision making for asset management.