Video 10 – Resolving the Budget-Level of Service-Risk Triangle
Budget, level of service and risk are three elements that should be considered always in forecasting the changes in infrastructure management.
In this video (10th of 11 videos), Ross talks about the triangular relationship of these three elements, in which a decrease in budget means a decrease in the level of service and increase in risk.
Watch Ross as he presents further ideas and implications of any imbalance that changes in budget, service or risk may give.
“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 for engineering resource foreseeing the need for infrastructure to be built, renewed and maintained in the next 30 years.
The video concludes with Ross providing a brief discussion around infrastructure resilience for Auckland, New Zealand with application to any rapidly growing city.
Watch the video now! There are lots of learning you can apply in your infrastructure asset management practice.