In this 10th video, the last of the series, Ross asked Heather the lessons they've learned along the way. He had observed that the Southwest EFC has been doing a great job implementing asset management planning with utilities in the last 15 years. Watch this video to see Heather narrating the lessons they have learned since doing asset management. She cited specific examples, which is … [Read more...]
Southwest EFC Asset Management Story 7 – Next Steps and Future Goals
After 15 years of implementing asset management with water utilities in New Mexico and the Environmental Finance Centre network areas, Heather talks about their next steps and future goals. In this video, she said that they would continue the promotion of asset management in all levels of utilities, water, wastewater, from the smallest to the largest, with the states and EPA. Learn more … [Read more...]
Southwest EFC Asset Management Story 6 – Dealing with Economic and O & M Challenges
In the previous video, Ross asked Heather to share the challenges that they encountered as they implement an asset management program with water utilities. In this video, Ross brought up the issue of declining population in some communities and rapid growth in other communities because of economic decline or increase. This issue isn't only valid to New Mexico, some states, or the US in … [Read more...]
How Important Capital Investment Planning is in Asset Management (Video Blog)
Capital investment planning is a very important area of infrastructure asset management practice, Ross begins in this video blog. Ross talked about some capital investment planning tips in his previous video blog. In this vlog, he discusses the importance of capital investment planning, his observations and its implications using the "Lifecycle Cost Profile" below. Source: International … [Read more...]
Best Way to Tracking Operation and Maintenance Cost
Te Rewa Rewa Bridge at Taranaki New Zealand "Based on experience at different places, what is the best way to track O & M (operation and maintenance) cost?" Ross replies: So just to our listeners there, I got the job of rewriting the Asset Information System section of the International Infrastructure Management Manual back in 2011 when it was updated. Thus, there’s an area of … [Read more...]
Asset Management Information Systems Discussion and Overview Guidance
In relation to the question on the best way to track O & M cost, Heather gave guidance and discussion on the asset management information system. Heather: I was just going to mention that you know it’s something that comes up a lot if the question is also getting at, you know, “What kind of computer program do you want to have?” And it sounds like a little bit of that was in there of … [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...]
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