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 …
Infrastructure Asset Management Blog
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 …
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Asset Management Plans – Creating and Implementing Effectively
Heather: And one last topic area I want to cover in the last few minutes that we have is we have several questions about asset management plans, what those are like, and implementing your asset management program. So, I did want to touch on the asset management report and to be really, really …
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Asset Management Resources for Utility Infrastructure Management Work
Heather: Speaking of resources, let me show a couple of resources because somebody did ask, a couple of people asked about, what’s out there that you can look at to see what your utilities are doing. American Water Works Association (AWWA) The American Water Works Association (AWWA) has a …
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Infrastructure Asset Management Software – More Questions Answered
Our resource persons continue to tackle questions on using the software in infrastructure asset management practice. Ross: And software does not equal asset management. It’s a tool. And look, if I think about the biggest thing that drives asset management engineers in New Zealand mad, it …
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Asset Management Software – What’s the Best for a Small Utility System?
Asset management software questions were so many that Heather and Ross decided to deal with them before the end of the webinar. Heather: Let’s move on to software because we have quite a few people who did ask questions about, nearly along the lines of, what software should I use? Is there …
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Asset Management – Determining Which Assets are at Risk or Critical
Ross and Heather continued discussing risks. They tackled the question below: Aren't most critical assets mentioned and managed in operation and maintenance manuals and the emergency response plan? Both Heather and Ross replied in the affirmative. Heather explains further: It isn’t …
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Risk Management – Are Maintenance Schedules A Must for Critical Assets?
Our asset management experts, Heather and Ross, continue to discuss questions on risk management. A participant asks are maintenance schedules required for critical assets. Heather: I think if you are talking about required, it is required by whom? If we are talking about a state agency …
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Asset Management – Monetizing Risks and Consequences of Failure
A participant asked: What are the best references available to monetized risk from a triple bottom line approach and specifically thinking about the consequences of failure? Heather: And we should remind folks what the triple bottom line is because maybe not everybody is familiar with …
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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. Ross: And interestingly, last year, I talked …
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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 …
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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 …
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