Nipawin MIC 2015: Benefits and Challenges - Implementing Credible Infrastructure Asset Management Plans

Just what you wanted, more notes from the infrastructure conference.

·         Determine credible standards; it evolves as a business process

·         Administration needs to take a team approach; it’s a culture

·         Being proactive with maintenance may lead to savings of 20% - 60% over the asset’s life cycle

·         Asset management is using today’s information to forecast the future

·         Critical Success Factors

·         Needs a champion

·         Credible methods

·         Team approach, a culture of asset management

·         There is a lot of ‘grunt work’ – data input

·         All stakeholders need to be included in process: from directors to ratepayers

·         Resources

·         Infrastructure

·         Separates a developed country from an undeveloped country

·         Provides quality of life

·         Provides economic competitiveness