Watch and listen to this lecture video on Preparing, Implementing, and Reviewing Asset Management Plans that Ross Waugh delivered at the University of Auckland. In this video, Ross talks about the following: What are Asset Management Plans (AMPs) Know the available resources on AMPs Steps in Preparing an AMP Service Levels, Growth, Risk, Lifecycle Management Simple IAM … [Read more...]
Infrastructure Asset Management – Myths, Realities, and Money (Video)
Are you confident about what you believe on the status of your country's national situation, particularly on economic and infrastructure issues? Ross Waugh produced this video "Infrastructure Asset Management - Myths, Realities, and Money" to explain the following: Societal Myths and Impact on Infrastructure Realities of long-term infrastructure management Availability of Money and … [Read more...]
NZ’s Asset Management Success Story Revealed – The Infrastructure Decision Support Project (Video)
Inframanage.com presents the Infrastructure Decision Support (IDS) conversations, a series of videos discussing the infrastructure management services that the organization, Infrastructure Decision Support is giving. Infrastructure Decision Support is a company owned by the public works engineers in New Zealand, that for the past 18 years, has coordinated the delivery of optimized … [Read more...]
Available Now! Starting Infrastructure Asset Management eBook
DOWNLOAD YOUR FREE EBOOK NOW! The Ask the Experts May 2015 Webinar eBook discusses new topics that are distinct from the first two Ask-the-Experts eBooks. Please read the list of the topics below for your reference. Critical Issues to Consider in Asset Management System Improvement Basic Asset Management Strategy – Zeroing On Infrastructure Issues Locating Water System … [Read more...]
Key Questions to Starting Asset Management
After all the questions by the participants were answered and discussed, Heather proceeded to talk about how water utilities could engage in asset management. Heather says: Well I just wanted to mention one of the things that have come up in the past and we’ve been talking a lot about this lately and kind of the issue around how sophisticated asset management has to be and how … [Read more...]
Water Utility Asset Management – Importance of Infrastructure Resilience
Ross explains: I sure am. Because the thing from New Zealand we have that big earthquake in Christchurch about four years ago. And the conversations changed as a result of that from redundancy to resilience. Evaluating and managing resiliency Because you can have redundancy and still not be resilient. Because we lost in Christchurch and some surrounding areas we lost whole pump stations … [Read more...]
Infrastructure Asset Management – How Asset Redundancy Affects Risk Readings?
Heather answers: Well, certainly redundancy has a big part of the criticality. And there’s a couple of different ways you can do it, depending on how complex or how simple you want it to be. The simplest way would be to have the probability of failure reading times the consequence of failure reading equals your risk. And include redundancy in your consequence of failure reading, cut that … [Read more...]
Infrastructure Asset Management – CMOM and Cyber Security
In this post, Ross answers "How can we best integrate CMOM (Capacity, Management, Operations, and Maintenance) into both asset management and fiscal sustainability plan?" He also shared briefly his thoughts on cybersecurity application in infrastructure asset management. Capacity, Management, Operations and Maintenance Ross said that clearly, what you’re talking about there is a part of the … [Read more...]
Managing Security Risks in Asset Management
“Can you talk about asset management as a part of your operating security system? How much security is enough in today’s risk management world?” Heather answers: I am assuming they’re talking about the security in terms of security of tanks from people breaking into the fence or you know security from that standpoint of people doing bad things to your water utility. Someone maybe is … [Read more...]
Understanding the Key Components of Infrastructure Asset Management
Showing the diagram he created, Ross presented the key components of infrastructure asset management. Simple IAM Diagram (1) Ross explains: Levels of Service, Future Demand, Risks So when you’re linking that to again, even to the financial sustainability program, for any utility, you need to know what levels of service you’re delivering at the moment. You need to know … [Read more...]
How Facility Sustainability Plans Drive Asset Management and Attract Funding
A participant asked how the state revolving fund conditions for facility sustainability plans could be developed to receive SRF funding and help drive asset management. Heather shared her thoughts. Heather says: I am certainly an advocate that I hope, the facility, the financial sustainability plans are a huge driver for asset management. I personally see them as sort of a subset of an … [Read more...]
Why Governing Bodies Should Support Water Utility Infrastructure Management
Discussing further on the issue of engaging governing bodies to support water utility infrastructure asset management programs, Heather mentioned that this is now a big issue in the water and wastewater sector. Heather says: And just one more thing I'd like to mention on the governing bodies is, one thing that I think is a huge problem now in the water and wastewater industry, is that the … [Read more...]
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