In this video, Ross Waugh shares some infrastructure asset management perspectives on the economic cycles starting in 1987; talks on the possible financial repercussion from the COVID-19 pandemic responses. Ross explains why it's not true that the world economy might fall off at "the end of the world," as some economists are predicting due to the COVID-19 pandemic. Watch the video and know why … [Read more...]
Timaru Library’s Success Story Amid the NZ COVID-19 Shut-down (Video Blog)
Ross Waugh blogs about the Timaru Library and how they successfully managed to cut short the 30-week planned repairs, renovations and upgrades to 8 weeks. The Timaru Library building, which was constructed in 1977, needed repair and renovation. In 2019, the Timaru District Council allocated $1.8 Million for the refurbishment and rehabilitation of the library. Among the projects that were … [Read more...]
The Metropolis Infrastructure Management Story – Area D (Celestial Heights)
Ross Waugh talks about the affluent Area D that the Metropolis developed, which he calls "Celestial Heights." This is the last of the Metropolis Infrastructure Management Story, a fictional metropolis that Ross Waugh created to illustrate what to look out for when managing the infrastructure of the different areas of your city. Ross describes "Area D" as an overbuilt area, where affluent … [Read more...]
The Metropolis Asset Management Story – Managing Area C
Ross Waugh shares about the expansion of the Metropolis with the new "Area C," which used to be the place for the city's excluded group. He presented the situation of "Area C," when and why it was formed, the quality of the infrastructure given the discriminating societal status during early times. He mentions that policies change for the better through the years and "Area C" has become an … [Read more...]
The Metropolis Asset Management Story – Dealing with Area B
Ross Waugh continues to share about the Metropolis Story, the city that grew, and how they manage their infrastructure. From "Area A" that he explained in the last video blog, the Metropolis grew and an informal housing "Area B" emerged over time. In the video, Ross describes "Area B" in terms of economic status, population, electric supply, water and wastewater facilities, the layout of … [Read more...]
The Metropolis Infrastructure Management Story – The Case of Area A
Ross Waugh talks about the Area A, which is the first and old part of the "Metropolis." This is the second in the video blog series, "The Metropolis Infrastructure Management Story," and Ross talks about "Area A" of the city. "Area A" is the original settlement and the oldest section of the city, he says. Ross mentions that creating an asset register or asset inventory of "Area A" will … [Read more...]
The Metropolis Infrastructure Management Story – Introduction (Video Blog)
Ross Waugh introduces a fictional "Metropolis" to explain the importance of asset registers, type of assets, and impacts on service levels. This video blog is the introduction to the series of five video blogs on the "Metropolis" infrastructure management story. Ross hopes to stir your asset management thinking through this "Metropolis" case story. Watch the video to know why we came up … [Read more...]
Understanding Infrastructure Replacement Using the Football Game Analogy (Video Blog)
Ross Waugh continues with his COVID-19 video blog series. In this vlog, Ross illustrates what would happen when municipal or city councils suspend infrastructure replacement, defers renewals or other expenditure due to the economic impacts of the pandemic. Ross uses the sports analogy in this video blog to explain how to manage infrastructure spending when there is an economic recession and … [Read more...]
Impacts of COVID-19 and IAM Levels of Service-Cost-Risk Diagram (Video Blog)
The impacts of COVID-19 might be causing governments to cut on infrastructure spending. Ross Waugh explains the implications on levels of service and risks if costs are minimized significantly. Here's another short video blog on the impacts of COVID-19 and infrastructure asset management by Ross Waugh. There's a lot of pressure on the dollars as a lot of economies are trying to recover from … [Read more...]
Infrastructure Asset Management Decision-Making and the Impact of COVID-19 (Video Blog)
In this short video blog, Ross Waugh continues to discuss the effect of the coronavirus pandemic and how it might impact some asset management decision-making. Ross Waugh talks about "The Case for Investment" in this brief video blog. Showing a chart, he explains the British and the US long term perpetual bond issuance trend that goes as early as in the 1820s. Watch the video and know … [Read more...]
Asset Management – Making Your Investment Story (Video Blog)
Ross Waugh talks about the investment story for the infrastructure assets that municipalities and cities will need to develop in the next number of years. Ross shares about New Zealand's infrastructure asset management practice where municipalities prepare an infrastructure management strategy. Watch Ross Waugh explain the content of the infrastructure investment story, which includes the … [Read more...]
Asset Managing Peaks and Troughs in a COVID19-caused Recession (Video Blog)
Ross Waugh continues his video blog series on asset management and the impacts of COVID-19; presents tips on managing peaks and troughs. In this blog post, Ross talks about the impacts of peaks and troughs on asset management planning tasks. Watch Ross discuss two replacement plan situation graphs showing a peak and a trough. He mentions what would happen when a peak or trough is created … [Read more...]