The asset management journey: a case study of network rail's journey supported by an excellence model

This paper will describe how Network Rail and the GB rail regulator approach Asset Management maturity and how this has been used to support improvement in Network Rail's Asset Management capabilities over the last nine years. It will also define how both Network Rail and the Office of Rail Regulation (ORR) intend to continue using Asset Management maturity during the current five-year regulatory Control Period 5 (CP5) to drive further Asset Management improvements. The paper will underline the importance of effective Asset Management to the global economy and wellbeing, and demonstrate how the approach used within Network Rail is aligned to the Institute of Asset Management's (IAM's) latest work on Asset Management maturity. It will also provide further context on Asset Management capability benchmarks such as the Global Forum for Maintenance and Asset Management's (GFMAM's) `39 Subjects', PAS 55 and ISO 55001.