This is the second of the 16 videos that Ross Waugh described in his video seminar “Introduction to Practical Asset Management“.
At the onset, Ross advised that those who haven’t watched the first video “Overview and Introduction to Infrastructure Asset Management – Summary Series” should do so. He’s referring to topics mentioned in the first video.
In this 2nd summary video, Ross talked on the following subtopics:
ISO 55002 Policy
- Examples of asset management policy principles may include commitments for:
- Guiding principles for asset management activities
- Adherence to applicable laws, legislation, and regulations
- The provision of resources to deliver on asset management objectives and the structure or working of the organization to achieve organizational objectives
Watch the short video above to know more…
Asset Management Appropriate Practice Steps
- Initial Assessment
- Organization or municipality wide risk factor assessment
- Asset Factor assessment
- Determine the appropriate asset management level
Asset Factors for Appropriate Practice Steps
- Costs and Benefits
- Legislative Requirements
- Asset size, condition, complexity
- Failure risks
- Organizational skills and resources
Watch the short video above to know more…
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[…] it’s not the next 10 years that we’re worrying about too much but we need to really get our asset management practice in line so that we can understand what that year 20 to year 30 looks […]