The "Strategic Asset Management Planning eBook is available now and ready for your reading and downloading. It's a compilation of the blog posts we've created from out of Ross Waugh's lecture at the University of Auckland. Below are the topics included in the infrastructure asset management eBook: Why Infrastructure Asset Management is a Flourishing Career What Is Strategic Asset … [Read more...]
Why ISO 55000 is Important?
When I came across an article on how some organizations are pursuing ISO 55000 for the sake of getting the prestige and using it for marketing purposes, my thought was these organizations are missing a lot. I can see two significant values you are investing on with ISO 55000: You are adding value to your infrastructure assets. You are creating best asset management practice in your … [Read more...]
Asset Management Plans – How to Prepare, Implement and Review (eBook)
This is eBook is based on Ross Waugh's lecture at the University of Auckland. Download this eBook on Asset Management Plans and read what Ross had discussed on the following topics: Introducing Ross Waugh Asset Management Plans – Background and Resources Asset Management Plan International Standards – A Brief Introduction ISO 55000 – Relationship Between Key Elements of an Asset … [Read more...]
Asset Management Plans – Conclusion
So in conclusion, in New Zealand, we’ve had 20 years of asset plans and 7 cycles of development. We’ve got guidance available through plans and resources and templates for the specific industries as well as across multiple industries. Levels of service, future demand, risk are the key inputs to life cycle analysis. If you try to do your asset life cycle analysis without those inputs, … [Read more...]
The Walkerton Canada E. coli Outbreak and its Worldwide Implication on Infrastructure Risk Management Practice
This is a different example. So this was Walkerton, Canada in 2000. So what happened here, they’ve got some bores, they have cows around and they’ve got E. coli, a particular type of E. coli that are carried in cow manure into the bores. Because they had set up a contract with, they have a performance-based contract with the contractor if they haven’t got the chlorine in, they’ve got massive … [Read more...]
Factors of Safety and How to Model and Communicate Risk Trade-offs
So, the other thing is, this is the Minnesota River Bridge, in the US. I don’t know if you remember. In 2007 it collapsed; killed 13 people, 145 injured. This is the Mississippi River and it made worldwide news at the time. The bridge dropped into the Mississippi River while they were repairing it, by the way. The thing was, if you go back to 1970s and 80s, in engineering, there were … [Read more...]
What Infrastructure Managers Lose When Infrastructure Fails
Now the interesting thing about that threshold of safety and trust is you can spend heaps of dollars and get your levels of service up to and get your risks back down but you never get your trust back. So as infrastructure asset management practitioners, if you build something that fails or you have a failure sequence like that one at Flint that’s recent, once you lose your trust, so in … [Read more...]
Levels of Service-Cost-Risk Diagram and the Flint Michigan Water Case
Alright. Levels of service. So levels of service, cost, and risk. And again this came out of the Road Maintenance Task Force work and one of the things we see are these three axes. So levels of service, you can say, hey I’ve got this levels of service and it going to cost me here at this much. And over here, remember I said to you earlier the risk is often hidden. There’s risk. And the … [Read more...]
Asset Management Plan – Managing Service Levels of Specialty Assets
One of the things that are a bit interesting in terms of service levels, things like that, that we tend to forget about is we have specialty assets. So this one is the Boston, they build this new bridge. This is iconic for Boston, US. This one is Te Rewa Rewa footbridge in Taranaki, with Mount Taranaki behind it. And it’s just in a circle way, a walkway that runs along the coast. And I think … [Read more...]
Asset Management Planning – NZ ONRC and Utility Service Level Categories
In this post, Ross talks about the categories of service levels in New Zealand on the areas of roads and utilities. NZ ONRC Service Level Categories And then, this was the slide I used up in Canada in July. And I take photos as a hobby so I was putting in photos on these slides, just sort of try to get Canadians and Americans to go oh, New Zealand’s nice. We should come. So this is … [Read more...]
Overview of the New Zealand One Network Road Classification Service Levels
So in terms of service levels, what I thought I’d look at. This is New Zealand… I don’t know if you’ve heard of One Network Road Classification. Those of you who have done any work in transportation will know about it. So the way that you manage roads generally is you set up a hierarchy from hey, it’s a really important road, an interstate or a major national highway in overseas, or what we … [Read more...]
Asset Management Plan Ensures Infrastructure Systems Aren’t Taken for Granted
In the "Gap Analysis and Review – Infrastructure Asset Management Diagram" post, Ross emphasized the importance of identifying, reviewing, and reconciling the gaps in the asset management plan. In this post, Ross explains further about financials and risks. Read his summary and don't miss his very important advice for a successful AMP. Ross continues: Now the silly thing is, everybody … [Read more...]
