So, this is where you guys start to have to do some work and a bit of response back, we have at about a quarter of an hour, haven't we Theuns. So, this graph here is a graph of, for New Zealand that was produced by the office of the auditor general by NZIER. And so, the blue line was capital expenditure, fixed capital expenditure. And the grey line is consumption of capital. And this … [Read more...]
What Do the Amendments to the NZ Local Government Act Mean?
So in terms of New Zealand and local government, I do a lot of work in the local government sector, we have a thing we called the Local Government Act. One of the questions Theuns put to me. He said, we have some amendments coming up, what do they mean? And I’ve taken the liberty to reinterpret that question. There are some amendments coming up but what happens with legislation is those … [Read more...]
Calamitous Natural Events and the Infrastructure Resilience Questions
Harvey and Irma were the two tropical cyclones that battered the US coasts in late August 2017. Both storm systems were classified as major hurricanes. Hurricane Harvey with its 130 mph wind was classified as Category 4, while Hurricane Irma was Category 5 with her winds reaching 185 mph. As Texas was going through the aftermath of Hurricane Harvey, the people in the Carribean Islands and … [Read more...]
Helping You Solve Asset Management Issues – Ask the Experts October 2017 Webinar
Watch this recording and presentation slides of the Ask-the-Experts October 2017 webinar that Ross Waugh and Heather Himmelberger held. Ross and Heather had been conducting the Ask-the-Experts webinars since 2014. The webinar on 11 October 2017 is the 6th in the series. In this webinar, Ross and Heather focus on helping asset management practitioners resolve infrastructure asset management … [Read more...]
Why ISO 55000 is Important?
When I came across an article on how some organizations are pursuing ISO 55000 for the sake of getting the prestige and using it for marketing purposes, my thought was these organizations are missing a lot. I can see two significant values you are investing on with ISO 55000: You are adding value to your infrastructure assets. You are creating best asset management practice in your … [Read more...]
Asset Management Perspective on the August 2017 Unsafe Drinking Water Report USA
News21’s investigative report that around 63 million Americans are exposed to unsafe drinking water is making headlines in the USA’s major online news agencies. The report examined the Environmental Protection Agency violations on water quality and monitoring affecting places from California to New York City The USA Today reports: The findings highlight how six decades of industrial … [Read more...]
Strategic Asset Management Planning – Dynamics of Decision-Making
Talking about "Using Uncertainty Theory in Asset Management Planning" Ross explains the advantage of making lots of small decisions. In this post, Ross gives an illustration and discusses further. The other thing is thinking of a car or a boat or something like that. When you’re going in a direction and you want to change direction, it’s easy to do that when you’re moving. If you’re … [Read more...]
Using Uncertainty Theory in Asset Management Planning
So, uncertainty theory. And I know hopefully you’ve been exposed to a little bit of that. If you haven’t, Dr. Henning will be no doubt pleased to point you in the right direction but you can use uncertainty theory and statistics as a planning tool with infrastructure. And it assists in going, so what I’ve just described very briefly there, you go, huh, I don’t know. What’s going to happen? Who … [Read more...]
Asset Management Strategy Vision – Coping, Analyzing, and Building Flexibility
In this post, Ross continues to talk about strategy vision in developing the asset management plan. Specifically, he discusses the pace of change, which is currently high. Further on, he shares his idea on analyzing the changes and building flexibility to the changes. Pace of change currently very high The other thing at the moment is, and worldwide, the pace of change is … [Read more...]
Asset Management Strategy – Integration and Vision
Asset Management Strategy - Integration Steps So the integration, as we’re saying before with the ISO 55000 diagram. So you developed your 10-30 year asset management strategy, your tactical planning is your asset management plans, your renewal plans, and detailed individual analysis if need to be. And that sits in the continuum. So, you start up here with your strategy, you come down to … [Read more...]
Expect Scrutiny and Challenge To Your Asset Management Strategies
So the other thing is, at a strategic level and particularly if you’re doing a whole of the region, a whole of the city, a whole of country stuff is that you’ll get scrutinized and challenged. It’s as simple as this, most countries in the world the is the developed countries spend between 2-4 percent of GDP on infrastructure and then developing countries 5-10 percent. It still depends on where … [Read more...]
Knowing Further About Key Issues in Asset Management Planning
So the key issues, and this is problem domain definition. This is Dr Henning-speak here. So there’s a problem and a domain for that problem. What are we trying to sort out? And so the key issue is what are we solving? Are we solving a growth issue? Are we solving an economic decline and trying to manage the infrastructure through that decline? If we’ve got some major new major industry or … [Read more...]
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