10 The historical return performance of a well-balanced infrastructure portfolio is difficult to obtain, since private involvement in some infrastructure sub-sectors, Infrastructure Asset Management ISSN 2053-0242 | E-ISSN 2053-0250 An invaluable multi-disciplinary journal publishing articles on the major aspects of asset management. 9 “Infrastructure Investing: A Portfolio Diversifier with Stable Cash Yields,” J.P. Morgan Asset Management 2014. For more asset management strategies, visit wwwassetworksom pt 214 ssets ts esee Asset Management 101: A Step by Step Asset Management Plan 7 Understanding Capital Costs vs Life Cycle Costs The capital cost of an asset is how much it costs to purchase or build it. An invaluable multi-disciplinary journal publishing articles on the major aspects of asset management. Derbyshire County Council’s Highway Infrastructure Asset Management Plans incorporates plans and policies around the management of asset data. It is a compilation of many documents that describe the evolution of the Asset Management implementation in Cambridge over the past 7 years aligned to the Building an inventory of your assets 2. 25 0 obj Sections of the Act relevant to asset management will become effective on 1 July 2004. ITAM enhances visibility for security analysts, which leads to better asset utilization and security. Road Asset Management 3 Introduction Key messages 1. The work has been completed by independent infrastructure asset management specialists Waugh Infrastructure Management, Rationale and Dr Theuns Henning. h�bbd```b``V�a �i&X��d[ The Infrastructure Asset Management Plan communicates the actions required for the management of assets (and services provided from assets), compliance with regulatory requirements, and funding needed to provide the required levels of service over a 10-year planning period. Introduction Infrastructure asset management (IAM) has emerged as a discipline to provide a more systematic approach to the management of infrastructure assets. 4 A geographic information system (GIS) … The HIAMP is structured so that the recommendations are the Chapter headings, with an extract from the guidance document, followed by ‘The Nottinghamshire Approach’ which outlines how these are met. %PDF-1.6 %���� %PDF-1.4 endobj 4.4 Asset management system 5 Leadership 5.1 Leadership and commitment 5.2 Policy 5.3 Organizational roles, responsibilities and authorities 6 Planning 6.1 Actions to address risks and opportunities for the asset management system 6.2.1 Asset management objectives 6.2.2 Planning to achieve asset management objectives 7 Support 7.1 Resources �ef\�@�e���pA�jj+�;��W�?�)(!X�S_��C@1D�E��n����@�n�%��1�{ %��C��c� �Wؚyl/_�͗)�U��?� ���Y!�8��v����%�4�K-[ɉxї4µn�~�㮖8�oT@�V��� �~7��M`�5O�@u����^�`�����t��E����8T��\�s��%{�K6��W���T�R�K�Җj�9���u�عb/}�ί��3=��8����`.ٹd�%;�.�Ku.�O�T��s����T������(�~���}� <>stream In 2000, the World Bank cited practice in … 10 . foundation for improved infrastructure asset management practice. �o��.H��鶿�v:�^㰨��|�aQ�a��p���]P��6��6��%����z���%\�喭�*�ޗ���|;��,�6�a�7��k{|V��}���kU��F��7�r����A��r���ay�Ĝψ��)(#�5a�[�ө�i|ٺ���Z��g����﹫�v�t�Os�1�(V~��n�Kj�]��+���f�膺�����q�@{��B��G���J�@�[A�]P�����_�Y���u�7O�gi���_�����_;h��;h������&/����I�u���$/�����kS/p�M^�k��Zb�D�m��-�T�'��`������R��D},��dz)E�K�zZ��q䯰�#�A�\◘t���R/p��w��#��\�K�q��I.�+Y'� These were written as a result of the publication of the 2013 Highways Infrastructure Asset Management (HIAM) guidance from Highways g��Il !9H�G��@bf#-! x��Z[o�F��N�ǎsmz�^����px{l�h��+�j�k\H�(���7, Microsoft PowerPoint - Overview.ppt [Compatibility Mode]. 27 0 obj The focus of the The Highway Infrastructure Asset Management Plan (HIAMP) brings together all of the strategies asset management approaches across financial and non-financial functions such as project development/delivery, asset management, operations, and maintenance. <> 205 Panda Brandywine power plant By Bill Pentak and William Nordlund, Panda Power Funds 7 ed-return, asset deal flow. Infrastructure Management Being able to visualize your assets and the surrounding environment when you build, upgrade, or repair transportation infrastructure helps you prioritize your work and make the right decisions. Introduction The goal of Infrastructure Asset Management is to meet a required level of service in the most cost effective manner, which is achieved through the management of assets’ life cycle, for present and future generations. Recognised good practice in the management of infrastructure assets from across the globe has been increasingly documented over the past 10 to 15 years. dynamic, data-rich environment – an asset management system. asset management system in delivering the organisation’s objectives. Asset Management for Local Governments (AGLG Perspective Booklet - Audit Topic 3, uly 2015) 7 ABOUT LOCAL GOVERNMENT CAPITAL ASSETS People who live and work in B.C. • … As a result, we have the in-house expertise to be able to manage approximately 75% of our assets internally. <> ;׹ �6�"GKn�Y����`����݁��]��Fޖ��Ӂ�l���B�D#� endobj Infrastructure Asset Management Tactical – What is worth doing and when • Asset Management Plan – Asset managers translate the Strategic Policy into goals and specific plans for individual asset types – Performance targets are set in the Asset Management Plan. Ibrahim Elbeltagi 6 Definition of the "Public Works" and " Infrastructure" Facilitates that usually require substantial capital investment Provide services or solve problems to the public Planned, designed, constructed, and proposed by or under the auspices of Our Asset Management unit is home to over 700 highly educated and highly experienced investment professionals. 22 0 obj Asset Management includes…. <>/Rotate 0/Parent 3 0 R/MediaBox[0 0 595 842]/Contents 44 0 R/Type/Page>> ASSET MANAGEMENT EXCELLENCE Optimizing Equipment Life-Cycle Decisions endobj Road Asset Management 3 Introduction Key messages 1. For two years now, Rijkswaterstaat, an agency of the Dutch Ministry of Transport, Public Works and Water Management, is required to have a financial administration, which is based on accrual accounting principles. Highways Infrastructure Asset Management Plan (HIAMP) is to be implemented and achieved and it provides the basis for Doncaster Council to adopt sound asset management principles in order to achieve greater efficiency and value for money and to bring the benefits of … Infrastructure Asset Management ISSN 2053-0242 | E-ISSN 2053-0250 An invaluable multi-disciplinary journal publishing articles on the major aspects of asset management. The infrastructure asset management strategy details the challenges that will impact . The new release shows that Asset Management as a practice has converged with how well the ISO 55000 Asset Management standards and the IIMM align and compliment each other. 64 0 obj <> endobj 82 0 obj <>/Filter/FlateDecode/ID[<23BA9A996A95467CABD6FBC40DE9AB75><12E28DCDE7DD424A9A12F5FD537F3CB7>]/Index[64 35]/Info 63 0 R/Length 100/Prev 440968/Root 65 0 R/Size 99/Type/XRef/W[1 3 1]>>stream Improved decision making and cost savings can be achieved, and value added for an organisation and its stakeholders, by having alignment of these asset management functions <>stream endobj Infrastructure asset management experts know that the IIMM holds a critical role in achieving best practices in the AM industry. foundation for improved infrastructure asset management practice. endobj HIGHWAYS GROUP. The Asset Management Plan is to be read with Council’s Asset Management Policy, Asset Management Strategy and the following associated planning documents: Glamorgan Spring Bay Council Strategic Plan 2012 - 2020 The infrastructure assets covered by this asset management plan are shown in Table 2.1. Asset management is a process to manage demand and guide acquisition, use and disposal of assets to make the most of their service delivery potential, and manage risks and costs over their entire life. This involves the use of a balance existing infrastructure. 29 0 obj <> communities use the capital assets built and maintained by local governments every day. About this journal I Editorial Board I Key content I Call for papers I Purchasing information. %���� For two years now, Rijkswaterstaat, an agency of the Dutch Ministry of Transport, Public Works and Water Management, is required to have a financial administration, which is based on accrual accounting principles. Development of young asset management professionals. Microsoft PowerPoint - Overview.ppt [Compatibility Mode]Emad endobj Waugh Infrastructure Management Ltd Level 2 18 Woollcombe St PO Box 827 Timaru Phone 0800 4 WAUGH 03 686 6994 Fax 03 688 9138 E-mail info@waughinfrastructure.co.nz www.waughinfrastructure.co.nz Quality Record Sheet Napier City Council Asset Management Lifecycle Review Final Report February 2014 Issue Information Through an asset management and risk based approach we can effectively manage our assets, prioritising our spending and maintain our position as one of the highest rated authorities within the region. endobj endstream h��XmS�8����:7�ʖ_g:�@���#���� l�����Vh诿]�vH���}�d�m�j�/�����,���g��(`.ǧ�qȢ�9"tY�l,X̙���zN�b��~3���Y�1��D�3���C�h���}Y����������w. The Benefits of ftïìproved Report Title Highway Infrastructure Asset Management Plan (HIAMP) Revision 2-0 Status Final Control Date 13/12/2018 Record of Issue Issue Status Author Date Checker Date Authorised Date 01 Draft K Ekins 23 -08 18 K Brumfield C Palmer Andy Tatt 02 Final K Ekins 13 -12 18 K Brumfield C Palmer 18-12-18 05-03-19 Andy Tatt <> To man-age disruption, this could mean very short-term, or even real-time, data. endstream engineers are given the skills and tools to undertake effective asset management in order to keep our infrastructure running in the future. Infrastructure Asset Management. • Building an inventory of your assets • Scheduling and tracking maintenance tasks through work orders • Managing your budgeted and actual annual expenses and revenue . International Infrastructure Management Manual. The Infrastructure Asset Management Plan (IAMP) should be read in conjunction with the state highway Activity Management Plan (SHAMP). The Benefits of Better Asset Management There were many benefits of having a complete understanding of all infrastructure assets and having these assets shown in … This document forms part of the suite of ‘Highway Infrastructure Asset Management’ documents. 34 0 obj INFRASTRUCTURE ASSET MANAGEMENT INTRODUCTION Impiementing the improvement Programme Asset Mar-agement Audit and Review 2.30 2.46 2.4.6 2.4.7 PREPARING AND REVISING ASSET MANAGEMENT PLANS .1.2 1.1 .3 Why infrastructure Asset Managemenp VVhat are infrastructure Assets? The policy sets out: • The organisation’s vision for the railway • The role of asset management in delivering this vision Transport infrastructure assets provide transport services through the provision of a … <> This report is a review of asset management systems … The SHAMP is a strategic document with a focus on the NZ Transport Agency activities and the desired outcomes for these activities. the district over the next 30 years, as they relate to transport, water, wastewater, stormwater and solid waste. x��ZKoGV��D�;�>� m�U]�:&���d%&cc��0����U���C�D1�x�uOUwW��U_�F��x�b�~V������l��uo;"q��⊘��C� endobj 1.2 Report Methodology The analysis methodology developed the report in two analysis lines: Analysis of Renewal and Depreciation Forecasts PScript5.dll Version 5.2.2 National Government has legislated (Municipal Finance Management Act), 4 Group Leads. <> Infrastructure Asset Management Guidance Document produced by the UK Roads Liaison Group. Highway Infrastructure Asset Management Plan for Drainage If this document is printed or copied it must be treated as an uncontrolled version as it will only be correct at the dates published in the document when it was printed or copied. infrastructure asset management decision making in a sustained manner. 8.2 NEED FOR ASSET MANAGEMENT The underlying infrastructure required to deliver quality water and sewerage services to all are the pipe networks and the supporting treatment and pumping systems. 35 0 obj Fundamentals of Asset Management 3 Drawing from the AM Knowledge Base This workshop is produced by GHD Inc. • Australian-based international company with over100 offices worldwide • 6500+ management consultants, engineers, scientists, planners, architects • Recognized as a world leader in advanced asset management – over 25 years 44 0 obj Fundamentals of Asset Management 3 Drawing from the AM Knowledge Base This workshop is produced by GHD Inc. • Australian-based international company with over100 offices worldwide • 6500+ management consultants, engineers, scientists, planners, architects • Recognized as a world leader in advanced asset management – over 25 years The infrastructure asset management approach described in this policy is to be supported and achieved through the development of a strategic infrastructure as set management plan for Council, with infrastructure asset management plans that include direct reference to Council’s asset … They must be adaptable to changes in . endobj Infrastructure Asset Management Plan is to improve Council [s long-term strategic management of its infrastructure assets on behalf of the community and to ensure the long-term financial sustainability of the Council. Keywords: Infrastructure, asset management, strategic, performance 1. 2. our assets effectively. A new way of infrastructure asset information management and digital governance was required, in order to resolve these problems. Asset Management of the assets of the municipality as required by municipal legislation which inter alia includes the compilation of management an asset register The amount at which an asset is included in the statement or Carrying Amount financial position after deducting any accumulated depreciation and any impairment losses thereon. This Asset Management Plan is intended to describe the infrastructure owned, operated, and maintained by the City of Cambridge to support its core services. An asset management plan details information about infrastructure assets including actions required to provide an agreed level of service in the most cost effective manner. Comprehensive asset management includes: 1. Asset management planning is a comprehensive process to ensure that the delivery of services from infrastructure is provided in a financially sustainable manner. Highways Infrastructure Asset Management Plan (HIAMP) is to be implemented and achieved and it provides the basis for Doncaster Council to adopt sound asset management principles in order to achieve greater efficiency and value for money and to bring the benefits of … ISSN 2053-0242 | E-ISSN 2053-0250. 1.3 This manual is intended for employees involved in the safety inspections of 2 Heads of Service. 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Civil infrastructure assets are predominantly one-off or prototype projects. Infrastructure Asset Management Guidance Document produced by the UK Roads Liaison Group. 1 0 obj The infrastructure asset management strategy details the challenges that will impact . In addition, the acquisition of a standalone asset also results in the acquisition of any structural flaws inherent in the project. <> 4 0 obj The Asset Management Policy is conventionally a short document (circa 2 pages) that can be communicated to staff, customers and stakeholders. 04 . What is Enfrastructure Asset Managemen±? GUIDELINES FOR INFRASTRUCTURE ASSET MANAGEMENT IN LOCAL GOVERNMENT iii dplg ∼ Figure 6-5: Nature and Extent of Assets ∼ Figure 6-6: Length, Age and Material – Water Reticulation ∼ Figure 6-7: Example Asset Age Summary ∼ Figure 6-8: Example Asset Condition Summary ∼ Figure 6-9: Example Remaining Useful Life Summary ∼ Figure 6-10: Example Data Accuracy Summary endobj Not surprisingly, asset management 31 0 obj <>/Rotate 0/Parent 3 0 R/MediaBox[0 0 595 842]/Contents 24 0 R/Type/Page>> DISTRICT COUNCIL OF ROBE INFRASTRUCTURE ASSET MANAGEMENT PLAN 2. <> An effective IT asset management (ITAM) solution can tie together physical and virtual assets and provide management with a complete picture of what, where, and how assets are being used. For every possible investment category, we have a dedicated group of highly educated specialists. 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