Ross continues to explain the “Service Levels, Growth, Risk, Lifecycle Management Diagram” and in this post, he talks about "Lifecycle Management" and "Financials" Lifecycle Management Lifecycle management in the middle here, this is the engine room. So you’re looking at your operational cost and programs, your maintenance cost and programs, your renewal cost and programs, your new … [Read more...]
Understanding Future Demand and Risk
Explaining about the "Service Levels, Growth, Risk, Lifecycle Management Diagram" in the previous post, Ross talked about "Levels of Service." In this post, Ross explains "Future Demand" and "Risk" and he cites a significant risk management lesson from the Christchurch earthquake. Future Demand Future Demand is about, is the demand for the services growing, is it staying the same? Is … [Read more...]
Asset Valuation and Insurance Issues in Infrastructure Asset Management
A webinar participant asked the questions below: "Based on experience at different places, what is the best way to track O & M (operation and maintenance) cost, and how to estimate the asset value, depreciation, all the equipment refurbishments for replacement pricing and insurance purposes?" Heather asked Ross to tackle the question. Ross proceeded to answer the second part of the … [Read more...]
