So in conclusion, in New Zealand, we’ve had 20 years of asset plans and 7 cycles of development.
We’ve got guidance available through plans and resources and templates for the specific industries as well as across multiple industries.
Levels of service, future demand, risk are the key inputs to life cycle analysis.
If you try to do your asset life cycle analysis without those inputs, you will get it spectacularly wrong.
Delivery of levels of service is fundamental. Risk and hidden costs must be considered.
Otherwise, you’ll end up with the wrong set of conclusions from the wrong set of actions and the hidden risks.
And if you write an asset management plan and then your authority doesn’t implement it, well then they’re not going to be particularly useful.
So I will encourage you to do that (implement asset management plans).