SECOND SECTOR

Infrastructure Asset
Management
Value Proposition

Instructors

INFRASTRUCTURE ASSET MANAGEMENT

Why Infrastructure Asset Management

For us, Infrastructure Asset Management (IAM) is an integrated, multidisciplinary set of strategies managing  infrastructure assets such as roads, dams, sewer lines, bridges, etc. The strategic objective of IAM is to maintain these physical assets and optimize their return on investment (ROI) in a safe and compliant manner throughout their lifecycle.

Therefore the basic premise of Infrastructure Asset Management ensures that

  • You plan right and make the right investment choices from the beginning,
  • You design right for reliability and maintainability,
  • You adhere to regulatory compliance and follow International Best Practices like ISO 55000
  • You can establish what Assets you have, where they are, and what condition they are in.
  • You manage and maintain our physical assets to ensure we meet demand and service deliveryexpectations.
  • You can confidently manage the reliability, availability, and risks related to these Assets.
  • You can make optimal asset refurbishment and decommissioning decisions
  • And finally, that you have the right skilled workforce, to maintain these Assets going forward.

The Business case for Infrastructure Asset management

The traditional business case for asset management has typically focused on cost savings through reduced operations and maintenance costs, along with improved productivity through increased reliability and availability. While these are significant benefits, there are many other potential elements in the business case which may prove equally or more important i.e.

  • Asset management allows large organizations to standardize and simplify plants and equipment, reducing costs for spares and supplies, as well as training and support,
  • Good governance, and a good understanding and control of assets, can improve stakeholder confidence (e.g., customers and regulators acting on behalf of customers) and result in lower insurance premiums,
  • Effective asset management improves both personal safety and process safety, reducing the risk of injury and other catastrophic events,
  • Assets contribute to the reputation and image of the organization, just as they help to its operation.
  • The management of outsourced services is more effective when asset management is in place.

Our Service Offering for Infrastructure Asset Management