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
"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 specialist consulting expertise recognized for by … [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...]
