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Asset Management

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The last message(s) which were posted to this Discussion by Wayne Eddy

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03 April, 2013
1. RE:The Business Case for Asset Management Wayne Eddy
05 March, 2013
2. RE:Asset Management of Trees Wayne Eddy
03 March, 2013
3. RE:Asset Management of Trees Wayne Eddy
28 February, 2013
4. RE:Asset Systems Wayne Eddy
24 February, 2013
5. RE:Asset Systems Wayne Eddy
21 February, 2013
6. RE:Community Service Delivery Needs Wayne Eddy
19 February, 2013
7. RE:Asset Management System Wayne Eddy
8. RE:Asset Management System Wayne Eddy
11 February, 2013
9. RE:Asset Management System Wayne Eddy
31 January, 2013
10. RE:Asset Management vs Strategic Asset Management Wayne Eddy


1.
RE:The Business Case for Asset Management
From: Wayne Eddy
To: Asset Management
Posted: 03 April, 2013 3:06 PM
Subject: RE:The Business Case for Asset Management
Message:

Reasons for Asset Management

I think there are two broad reasons for asset management:

  1. To fulfil legislative, regulatory, audit and reporting requirements;
  2. To strive to ensure that assets are managed in the most cost effective & ratepayer acceptable way possible.

Specific Reasons for Asset Management

There are a lot of very good positive reasons for doing Asset Management, including:

  • to minimise the life-cycle cost of an asset, by considering all costs including; acquisition, maintenance, operational and disposal costs.
  • the ability to communicate effectively with the public about balancing levels of services, risk, and funding and thus inform subsequent policy trade-offs and decisions. And support those conversations with real data and analysis, not only anecdotal stories.
  • Extending life of asset by maintenance, rehabilitation and replacement prioritisation based on strong understanding of asset condition deterioration
  • Improved emergency response
  • Securing and safeguarding assets
  • Capital expenditure and operational cost reduction
  • Meeting service delivery requirements

Consequences of not doing Asset Management

Asset Management Manuals quite rightly tend to focus on the positive reasons for asset management, but in reality it is the consequences of not doing something that often motivates us. It is possible that some Council's and organisations will only adopt asset management practices, because of the consequences of not doing so.

The consequences of not doing Asset Management could include:

  • receiving an audit qualification;
  • being named and shamed by a government department;
  • being seen as less competent or progressive than neigbouring councils;
  • an unrealisticly high public expectation of what service level should be delivered;
  • need for sudden cutbacks to service levels or increases to rates as a result of unanticipated peaks in asset renewals and or maintenace.
Having said all that, the above is not a business case, and I think the answer to Paul's question is nobody as yet has really done a good job of quanitifying the economic benefits of Asset Management.

Someone please prove me wrong, because I think most people on this list would love to see the sort of thing that Paul is asking for.

Regards,  

-------------------------------------------
Wayne Eddy
Strategic Asset Planning Coordinator
City of Whittlesea
BUNDOORA MDC VIC
wayne.eddy@whittlesea.vic.gov.au
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2.
RE:Asset Management of Trees
From: Wayne Eddy
To: Asset Management
Posted: 05 March, 2013 8:19 PM
Subject: RE:Asset Management of Trees
Message:
I think a distinction needs to be made between an "asset" and a "good thing".  Trees are without a doubt "good things" that contribute to the amentity of a municipality.  But so are people and other flora and fauna - that doesn't mean you should go out an tag all of the koalas (say) living on Council land and add them to your asset register, even if tehy bring in tourist revenue.  The effort needs to be proportionate to the benefits, and in the end that's what should determine what goes in your asset register not whether something is a good thing or not.    

-------------------------------------------
Wayne Eddy
Strategic Asset Planning Coordinator
City of Whittlesea
BUNDOORA MDC VIC

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3.
RE:Asset Management of Trees
From: Wayne Eddy
To: Asset Management
Posted: 03 March, 2013 9:01 PM
Subject: RE:Asset Management of Trees
Message:
One definition of an asset is "a physical component of a facility which has value, enables services to be provided and has an economic life of greater than 12 months."

Do trees "enable as service to be provided"?  I'd argue that they don't, and that they are therefore not assets.

If they do allow as service to be provided, what is that service?

Regards,

-------------------------------------------
Wayne Eddy
Strategic Asset Planning Coordinator
City of Whittlesea
BUNDOORA MDC VIC

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4.
RE:Asset Systems
From: Wayne Eddy
To: Asset Management
Posted: 28 February, 2013 8:28 PM
Subject: RE:Asset Systems
Message:
Thanks, Peter.

I've created a google docs presentation explaning how and why to set up a wiki.

https://docs.google.com/presentation/d/102JrYJVhqU1BmjqqT5a5BYl5_9il1Mdr53gEXRPyT4c/present?ueb=true#slide=id.p

Regards,
-------------------------------------------
Wayne Eddy
Strategic Asset Planning Coordinator
City of Whittlesea
BUNDOORA MDC VIC

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5.
RE:Asset Systems
From: Wayne Eddy
To: Asset Management
Posted: 24 February, 2013 5:00 PM
Subject: RE:Asset Systems
Message:
Robert makes an interesting point about the advantages to an organisation of staff staying for many years.

I'd like to add to that thought.  I think it would be super valuable to an organisation to have staff stay for a long time, AND during that time continually document their knowledge and learnings in way that would make that knowledge easily available to their eventual replacement.

I personally think that the best way of retaining the knowledge of long serving and knowledgable staff is to have them continuously contribute to a "wiki-based encyclopedic knowledge base", but I'd be very interested to hear any other ideas members of this forum have for retaining this sort of knowledge. 

I'd like to challenge those of you that have been at an organisation for more than 5 years to respond to this thread and tells us what systems your organisation have in place to retain asset management and other knowledge, and what you in particular have done to ensure your knowledge stays with your organisation after you depart?

Regards,

-------------------------------------------
Wayne Eddy
Strategic Asset Planning Coordinator
City of Whittlesea
BUNDOORA MDC VIC
wayne.eddy@whittlesea.vic.gov.au
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6.
RE:Community Service Delivery Needs
From: Wayne Eddy
To: Asset Management
Posted: 21 February, 2013 9:42 PM
Subject: RE:Community Service Delivery Needs
Message:
OK, it's three months later, and I still haven't nutted this one out.

Those of you who fill out the annual NAMAF spreadsheet (Victoria), would have had to score your Council on the following statement.  

"Council has an Asset Management Strategy which shows how the asset portfolio can meet the service delivery needs of the community and defines the future vision of asset management practices within Council."

Did anyone give themselves a good score?  If so how did you show this?

Regards,

-------------------------------------------
Wayne Eddy
Strategic Asset Planning Coordinator
City of Whittlesea
BUNDOORA MDC VIC
wayne.eddy@whittlesea.viv.gov.au
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7.
RE:Asset Management System
From: Wayne Eddy
To: Asset Management
Posted: 19 February, 2013 10:04 PM
Subject: RE:Asset Management System
Message:
I have added OpenTAMS to the list, and I would like to openly invite any other AM software vendors out there to add their products to the list, and/or expand on the information already there.  As far as I'm concerned the more that Councils know about all of the systems out there and how they compare with each other the easier it is going to be for them to select the right system.

Regards,

-------------------------------------------
Wayne Eddy
Strategic Asset Planning Coordinator
City of Whittlesea
BUNDOORA MDC VIC

-------------------------------------------






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8.
RE:Asset Management System
From: Wayne Eddy
To: Asset Management
Posted: 19 February, 2013 5:47 AM
Subject: RE:Asset Management System
Message:
Here is a link to a list of AM systems I have compiled

http://lgam.wikidot.com/asset-management-software

The list includes:

• acap
• Adapt Solutions
• AMOS
• Asset Lifecycle Management
• AssetFinda
• Assetic
• AssetMaster
• Assetpro
• Assetta Scorecards
• Authority Asset Management
• BizeAsset
• Bridge Management System
• BridgeAsyst
• Capital Works Management System
• Cityworks
• Confirm
• Conquest
• Exor Corporation Pty Ltd
• EZasset
• Greenfields AMS
• HDM-4
• Huefner
• InfoMaster
• Infor Hansen
• JRA Lifecycle Asset Knowledge Management System
• MAMS
• MATMAN
• Maximo
• RapidAsset
• RIMS
• Riva DS
• ROMAN
• SMEC
• SolOrient - Horizon - LG Software
• TechnologyOne Works & Assets

We currently have an AM system tender open, so if we get any vendors of new systems replying, I will add them to the list too,

Regards,

-------------------------------------------
Wayne Eddy
Strategic Asset Planning Coordinator
City of Whittlesea
BUNDOORA MDC VIC

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9.
RE:Asset Management System
From: Wayne Eddy
To: Asset Management
Posted: 11 February, 2013 9:16 PM
Subject: RE:Asset Management System
Message:
An old chestnut of mine but, I'd really like to see all Australian Councils get together, and put together an open source asset management solution, developed by Councils for Councils. 

Regards,

-------------------------------------------
Wayne Eddy
Strategic Asset Planning Coordinator
City of Whittlesea
BUNDOORA MDC VIC

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10.
RE:Asset Management vs Strategic Asset Management
From: Wayne Eddy
To: Asset Management
Posted: 31 January, 2013 11:15 PM
Subject: RE:Asset Management vs Strategic Asset Management
Message:
Making the Glossaries public is great, but it still doesn't solve the overlap problem.

I think what needs to happen is all of the smallest individual asset management elements need to be defined.

By individual AM elements, I mean things like:

Expenditure Projections
Service Levels
Organisational Responsibilities
Organisational Objectives
Process Definitions
Asset Management Objectives
Asset Useful Lives
Asset Valuations
Improvement Opportunities
Reasons for Asset Ownership
Asset Inventories
Asset Hierarchies
Asset Maintenance Practices

and so on....


Once that's done as long as a Council has those elements covered its shouldn't really matter what the document they appear in is called.  Alternatively they could be aggregated up into different documents depending on local legislative and other requirements.  Even better they could be included in a single all-encompassing document - An Asset Management Encyclopedia or Bible or whatever you want to call it.  Why cause confusion by creating dozens of separate AM related documents?

As Sam Kekovich would say, "You know it makes sense!"

Regards,


-------------------------------------------
Wayne Eddy
Strategic Asset Planning Coordinator
City of Whittlesea
BUNDOORA MDC VIC

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