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...]
Infrastructure Asset Management Actions on the Effects of COVID-19 (Video Blog)
Ross Waugh talks about Warren Buffet's Value Investing Principles and how they apply to infrastructure asset management practice. The COVID-19 pandemic has affected countries all over the world, which every one of us is so aware by now. We have also read how it is affecting the economy of countries in particular, and the whole world in general. As infrastructure asset management … [Read more...]
Asset Management and its Vital Role in Restoring COVID-affected Economies (Video Blog)
Ross Waugh explains the vital role of asset management in restoring economies that COVID-19 affected. Watch the video now! "Our societies are going to spend an awful lot of money on health and income support, and rebooting economies from the shutdowns and economic shock." - Ross Waugh Ross Waugh is back creating video blogs after the New Zealand government had implemented the COVID-19 Alert … [Read more...]
Getting Started with Asset Management
On 21 January 2020, Ross Waugh and Heather Himmelberger held another Ask-the-Experts webinar titled, “Infrastructure Asset Management – How to Start.” Inframanage.com presents the webinar topics through a series of blog posts. Introduction to the asset management webinar Heather: Thank you so much. And thanks to everyone for being here today. We appreciate … [Read more...]
What Levels of Service Key Performance Indicators Should We Develop?
After discussing and answering questions on asset inventory, Heather and Ross talked about "Levels of Service." In this post, they talked about some useful key performance indicators (KPIs) that asset management professionals can develop. Asset management planning keeps you ahead of your managing assets, always seeing and analyzing the bigger and smaller picture of your infrastructure … [Read more...]
Asset Management – Determining the Realistic Lifespan of Infrastructure
Heather: We also have one particular question that relates to one piece of inventory is how do you determine the realistic lifespan of a piece of equipment? And it gets into that useful life question, so we always ask people to estimate how much longer you think a piece of equipment when your asset is going to last. And so, one way that people like to use is just thinking of the age. And … [Read more...]
Why Asset Management is About the Thinking Process and not the Software
Further on the question of using a spreadsheet or database is the use of applications or software for asset management. Many participants had asked what software Heather and Ross would recommend. In response, Ross and Heather elaborated that asset management is about the thinking process. They gave some examples too. Ross: Yes, we’ve got a lot of pre-questions around software, and we … [Read more...]
Asset Management Tips to Doing an Efficient Asset Inventory
In the previous post, Ross and Heather tackled the question on asset inventory. Discussing further, Ross and Heather give tips and examples on how to efficiently do asset inventory. Ross: Yes, I mean a good example of that sort of thing is pumps. So, if you’ve got a small pump set and you replace that pump set as a unit. If it fails, the motor, the impellers, everything just comes … [Read more...]
Asset Inventory – Ownership, Condition, Location, Replacement Cost
Heather: Let’s move on to asset inventory questions. One of the core components of asset management is the current state of the asset, which gets into your asset inventory: What do you own?Where is it?What is it worth?What is it going to cost you to replace it?The condition, useful life, all those sorts of things going to your inventory. So, a lot of people ask some questions about … [Read more...]
If I Were Starting an Asset Management Plan, Where Do I Begin
Heather Himmelberger and Ross Waugh discussed the questions that were sent prior to the webinar. One of the questions was: Somebody wants to start an asset management plan, what do you tell them? Heather: Great. So, where we are going to start is actually at the very basic question. We’ve got quite a few questions coming in along the lines of where do we start, how do we begin, how do … [Read more...]
Get to Know the Infrastructure Asset Management Experts
Ross Waugh and Heather Himmelberger held the Ask-the-Expert webinar, "Asset Management – How to Start and Practice Actively" on 30 August 2018. Inframanage.com presents the webinar topics through a series of blog posts. Heather: Heather Thank you. And welcome everybody out there listening in to the webinar today. Just a real quick introduction for each of us. Again, my name is … [Read more...]
Southwest EFC Asset Management Story 9 – AM Knowledge Sustainability
How do we capture the asset management planning knowledge that people who had been working in the industry for a long time hold, so that we can transfer their expertise and successes to other people? Heather expressed that the most significant issue they have is continuity in terms of asset management knowledge. She talks about how the Southwest EFC deals with the sustainability of asset … [Read more...]
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