Infrastructure Asset Management – Resolving Budget-Level of Service-Risk Triangle

Video 10 – Resolving the Budget-Level of Service-Risk Triangle

Budget, level of service, and risk are three elements that should always be considered when forecasting changes in infrastructure management.

In this video (the 10th of 11), Ross discusses the triangular relationship between these three elements, in which a decrease in budget means a decrease in the level of service and an increase in risk.

Watch Ross as he presents further ideas and implications for any imbalance that changes in budget, service, or risk may cause.

“Engineering Skills Shortage” is one important topic that you should know about in the “Resolving the Budget-Level of Service-Risk Triangle” video.

Ross explains the impending shortage of engineering resources and foresees the need for infrastructure to be built, renewed, and maintained in the next 30 years.

The video concludes with Ross providing a brief discussion of infrastructure resilience for Auckland, New Zealand, which can be applied to any rapidly growing city.

Watch the video now! You can apply lots of learning in your infrastructure asset management practice.

For your reference, you may download and print the PDF file by clicking this link: Infrastructure Management – Forecasting the Changes to 2030