Ross releases Video No. 9 of the 16 videos in the “Introduction to Practical Asset Management – Summary Series” video seminar.
In this video, Ross talks about “Risk Management”.
Considering that “Risk Management” is one of the major subject areas and integral to infrastructure asset management, Ross presents some resources where the topic is thoroughly dealt with.
A slide he presented in the summary series video will help you distinguish the infrastructure modeling around risk.
Know also the risk management context.
Learn more by taking the time to watch this video.
[…] Risk Management Section of your asset management plan is the place to complete analysis of the risk effects of […]
[…] risks associated with end of life replacement scenarios can be developed, and replacement programs […]
[…] management analysis, as options for different service levels, future demand scenarios, and risk management are developed and then tested for their impact on the timing of expenditure and […]
[…] protection of drinking water sources, monitoring required, and any follow on actions is part of the risk management section of your Asset Management Plan. […]
[…] immediate needs of the people, the local government should also consider investing on conducting risk management analysis. This would be helpful in enhancing their disaster preparedness and resiliency whenever such […]
[…] again, Risk management. Your processes and practices or how you’re actually managing and what systems and processes […]
[…] It depends on what you want to know to do that sort of analysis. And I think it sits within a wider risk management […]
[…] addition you do need to understand your risks well and you do need to understand whether you need more or less capacity when you’re […]
[…] the Risk Management section, this should be as part of a wider analysis of system and network resilience – which could […]
[…] then, what risks you might face in terms of what assets are going to cause you risk? In order to be able to meet, […]
[…] But fundamentally when you’re looking at Lifecycle Management, you’ve got those three drivers. One is Levels of Service. The second is Future Demand and that might be negative demand or a declining population, a declining use of your system. And the third one is Risk. […]
[…] little bit overboard looking at risks that are perceived to maybe happen sometime and we ignore the risks that are right there in front of us that can be far greater […]
[…] Risk: Analysis of the likelihood of drought and other natural events affecting water supply. Analysis of the risks and costs associated with events. Development of mitigation and contingency planning for risk events […]
[…] can be analyzed in the risk management section of your asset management plan, and allows you to look at natural disaster and other […]
[…] Management techniques are part of Future Demand and Risk Management planning, and have particular relevance for areas in drought […]
[…] Risk Management – managing pollution risks, and also flooding risk […]
[…] asset management plan, while resiliency can be analyzed in both the Future Demand and Risk Management sections of the […]
[…] Determining the right mix of strategies for managing current and future predicted demand, across a range of climatic conditions, is an integral component of infrastructure asset management. […]
[…] The key take away from an infrastructure management perspective is to ensure that you have your risk management planning, emergency contingency planning, staff training, and support arrangements in place before they […]
[…] notes infrastructure asset resiliency is one of the core components of any infrastructure risk management […]
[…] part of the Asset Management Plan Update 2014, the risk management sections of your AMP will require review and update. […]
[…] analysis is typically considered in the Future Demand and Risk Management Sections of your infrastructure asset management […]
[…] Risks associated with the provision of service […]
[…] issue highlighted by the Kingston example is one to be aware of and manage as part of your infrastructure risk management […]
[…] Risk – examining the risks associated with existing service delivery mechanisms, and changing technologies, and determining the cost of the risks, and how they fit with the agreed agency risk policies […]