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. It's easier to maneuver a moving ship or bike than a static one andso decision momentum is better than decision paralysis. The other thing is thinking about a car or a boat or something like … [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 of analyzing the changes and building flexibility to the changes. The 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 … [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 … [Read more...]
Asset Management Strategy – Impact of Decisions and Forecasts
In the previous post, Ross discussed the "Elements of Strategy in Asset Management" that includes: Big picture conversationsWhat is the story you are trying to tell?What are the key issues? Ross continues to talk more about strategy in asset management in this post. What is the impact of decisions? What happens if you do nothing? The next question is what is the impact of the … [Read more...]
Elements of Strategy in Asset Management
And a strategy at the end of the day is quite big-picture conversations. If you find yourself writing a strategy, getting into detail, back out of it because the detail isn’t required in a strategy. But, you must have a detailed analysis to support strategies. Big picture conversations So what you need to do is you need to do the detailed analysis of particular areas and then bring that … [Read more...]
What Is Strategic Asset Management Planning?
So what does strategic infrastructure asset management planning do? It looks at a high level, at a long way up, 10 to 30-year plus analysis period. And it takes a look at the big picture and the big trends. So you are not looking at micro or projects or even a 10-year look at an asset plan or anything like that. You’re saying, hey, what are some of the big demographic and population … [Read more...]
Why Infrastructure Asset Management is a Flourishing Career
This post is based on the second session of Ross Waugh's lecture at the University of Auckland titled, "Strategic Asset Management Planning." Inframanage.com transcribed his lecture and developed it into a series of blog posts. So the first thing is, I thought we’d start with this in terms of strategic asset management. If you are pursuing an engineering career that probably hopefully … [Read more...]
Integrating Climate Change into Road Asset Management
The technical report "Integrating Climate Change into Road Asset Management" is a climate adaptation resource that we recommend your reading. CLICK on the image to see the full report. Prepared by Theuns Henning, Susan Tighe, and Ian Greenwood, with the overall direction of Christopher R. Bennet, this technical report provides governments, road authorities, and development partners with … [Read more...]
3 Free eBooks to Build Your Infrastructure Asset Management Knowledge
DOWNLOAD YOUR COPY! IT'S FREE! Inframanage.com is happy to publish the three-part eBook series on "Infrastructure Asset Management - Myths, Realities, and Money" These eBooks were crafted based on the topics that Ross Waugh discussed in his lecture video of his keynote presentation at the July 2016 International Deighton User Conference in Canada. The list below outlines … [Read more...]
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