The Asset Management Challenge ‘brings together all the asset management concepts‘ in a realistic, multi-dimensional scenario. Woodhouse Asset Management Academy has developed a highly realistic, intensive role play game to test and teach the mix of skills needed to manage complex critical assets. It offers individuals or teams the chance to test their knowledge and skills against the best.
An educational, enjoyable and effective learning programme, the challenge is available for in-house management training (competing multi-disciplined teams), open/individual participation and inter-company competitions.
Teams of 4-5 are provided with pre-reading materials and a detailed briefing on the evening before the Challenge. These materials introduce specific organisational roles for the team members, along with context, goals, current performance and a range of real and perceived risks and opportunities for the asset management scenario.
Further information is progressively revealed at stages during the programme and further data can be ‘purchased’ at the teams’ discretion. The Asset Management Challenge requires the teams to sort our priorities, develop new strategies and plans, and construct the business case for the proposed way forward.
As the challenge progresses, the decisions made are reflected in outcomes including business performance and a variety of stakeholder impacts – you can see how your decisions add or subtracts from value. Each team is scored on a combination of the hard numbers underpinning their proposals, and the credible, understandable explanation of these to a ‘Board of Directors’.
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