Download or read book Asset Management of Physical Infrastructure Managerial Frameworks Policy and Practice written by Steven Male and published by Wiley-Blackwell. This book was released on 2023-01-30 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: The intent of the text is not to focus on the tools and techniques of asset management since these are dealt with extensively within other guidance documents and textbooks, but to place those within a strategic and tactical context of organisational development in asset management. Importantly, by bringing together international best practice and research, together with critically related knowledge domains that underpin the landscape of the discipline, the intent is to address the development of asset management capabilities within organisations and the challenges of deploying asset management skills in organisations. This is a particularly important challenge in developed and emerging economies. In broad terms the book will integrate: concepts of strategic management with those of asset management, portfolio, programme, and project management notions of the ‘Intelligent Client’ creation and enhancement of organisational capabilities in AM as an organisational change initiative

Download or read book An Interdependent Infrastructure Asset Management Framework for Public Facilities written by Chen Zhong and published by . This book was released on 2017-01-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "An Interdependent Infrastructure Asset Management Framework for Public Facilities" by Chen, Zhong, 鍾晨, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Infrastructure asset management (IAM) emerged in the 1970s, known then as "terotechnology," and then received increasing attention after the catastrophic explosion in the offshore oil and gas platform "Piper Alpha" in July 1988. Infrastructure assets play an important role in underpinning the well-being, social cohesion and economic growth of a society, offering transportation, energy supply, telecommunication, health care, education, accommodation and other services to most citizens. In megacities with high population density such as Hong Kong, infrastructure asset management becomes a puzzle for many infrastructure administrative sectors. Highly complex and dense districts have numerous urban infrastructure assets - such as highways, drinking water networks, gas pipes, public housing, and telecommunication networks - making it more difficult to achieve good infrastructure asset management. More than twenty sectors share the underground space to manage their own utilities in Hong Kong, compelling the asset managers to communicate and collaborate with each other for better asset management. To improve its urban management efficiency, Hong Kong has an urgent need to develop its cross-sector IAM practices. The aim of this research is to re-engineer an interdependent IAM framework for public facilities in order to help clarify the requirements and enable the establishment of a smart, systematic inter-network IAM system for achieving the efficiency, effectiveness, transparency, accuracy and safety of IAM in Hong Kong and other high-density megacities. This research began with a detailed literature review of infrastructure asset management and interdependency. Based on the literature review, correspondent semi-structured interviews were conducted to unveil the current practice and weakness of infrastructure asset management in Hong Kong. Three case studies of three typical infrastructure assets in Hong Kong  related to public housing, underground utilities and temporary transportation management - were undertaken to demonstrate the process flow of infrastructure management by using flow diagrams; system dynamic modelling was adopted to simulate the interactions within such IAM in causal loop diagrams to reveal the interdependencies qualitatively. A validation questionnaire survey was designed and implemented to validate the research outcomes obtained. Generic causal loop diagrams have been developed from the individual causal loop diagrams to represent the interdependencies among general cases on IAM. In this research, a dependency matrix has been developed to illustrate the level of dependency as well as types of interdependencies, while asset hierarchy has been introduced to categorize and quantify the interdependencies of infrastructures. The dynamic interactions of different stakeholders and systems in the interdependent infrastructure network have been demonstrated in flow diagrams and further elaborated in causal loop diagrams. Feedback loops identified from causal loop diagrams assisted in analyzing the infrastructure asset management structures, performances and problems. The developed generic causal models for general cases on IAM could not only benefit the overall urban development in Hong Kong, but also shed light on other similar megacities for continuous improvement. Subjects: Engineering - Management Infrastructure (Economics) - Management

Download or read book A Risk and Performance based Infrastructure Asset Management Framework written by Amir Rowshan Hessami and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Asset managers who maintain the infrastructure can improve the efficiency of their practices by making use of decision-support frameworks. These models use performance data to help maximize the outcomes of maintenance strategies and financial allocations. In this research a new decision-support framework for asset managers was developed and tested. This framework improves upon existing models in two respects: (a) it provides an effective and practical method of accounting for uncertainty/risk, and (b) it includes a method for predicting asset performance over time in situations where there is limited historical data. Outcome-based scenario analysis was chosen as the most effective approach to model risk in asset management. The proposed framework presents managers with "best-case," "most-likely case," and "worst-case" scenarios, which are defined by applying quantile regression analysis to the asset-performance data. For situations in which there is a lack of adequate historical performance data, an elicitation model was developed based on the Delphi technique. This approach provides a rigorous method for estimating asset performance using information solicited from a panel of experts. The elicited data was aggregated by a Bayesian hierarchical model and the Markov Chain Monte Carlo algorithm. A case study was conducted to demonstrate the applicability of the decision-support model. While the proposed framework is generic and could be used for any type of asset, this study involved pavement condition on the city streets of Bryan, Texas. The results indicated that using a traditional deterministic model (rather than a scenario-based approach) could lead to significant over- or under-estimation of the budgets required to achieve certain asset-performance results. This demonstrates the urgent need for asset managers to use a practical model that can provide them with information about uncertainty and risk in asset-performance assessments. The case study also demonstrated the effectiveness of the data-elicitation technique, as the results of this approach were shown to be commensurate with historical information about pavement performance collected by the city of Bryan. The success of this approach in approximating historical performance trends provides evidence for its usefulness in situations where such historical data is unavailable. The electronic version of this dissertation is accessible from http://hdl.handle.net/1969.1/155664

Download or read book Managing Infrastructure Assets for Sustainable Development written by United Nations and published by . This book was released on 2021-07-29 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication provides guidance for national and local policymakers on the management of their assets in support of the 2030 Agenda for Sustainable Development.

Download or read book Core Competencies for Federal Facilities Asset Management Through 2020 written by National Research Council and published by National Academies Press. This book was released on 2008-01-17 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. government is faced with growing challenges to managing its facilities and infrastructure. A number of factors such as shrinking budgets, an aging workforce, and increasing costs demand new approaches to federal facilities management. The Federal Facilities Council of the NRC has sponsored a number of studies looking at ways to meet these challenges. This fourth study focuses on the people and skills that will needed to manage federal facilities in the next decade and beyond. The book presents a discussion of the current context of facilities management; an analysis of the forces affecting federal facilities asset management; an assessment of core competencies for federal facilities management; a comprehensive strategy for workforce development; and recommendations for implementing that strategy.

Download or read book Public Infrastructure Asset Management Second Edition written by Waheed Uddin and published by McGraw Hill Professional. This book was released on 2013-07-29 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Latest Tools and Techniques for Managing Infrastructure Assets Fully updated throughout, this practical resource provides a proven, cost-effective infrastructure asset management framework that integrates planning, design, construction, maintenance, rehabilitation, and renovation. Public Infrastructure Asset Management, Second Edition, describes the most current methodologies for effectively managing roads, bridges, airports, utility services, water and waste facilities, parks, public buildings, and sports complexes. This comprehensive guide covers information management and decision support systems, including proprietary solutions and new technological developments such as cloud storage. The book discusses total quality management, economics, life-cycle analysis, and maintenance, rehabilitation, and reconstruction programming. Up-to-date examples and real-world case studies illustrate the practical applications of the concepts presented in this thoroughly revised reference. This new edition features: Planning, needs assessment, and performance indicators Database management, data needs, and analysis Inventory, historical, and environmental data In-service monitoring and evaluation data Performance modeling and failure analysis Design for infrastructure service life Construction Maintenance, rehabilitation, and reconstruction strategies, policies, and treatment alternatives Dealing with new or alternate concepts Prioritization, optimization, and work programs Integrated infrastructure asset management systems Visual IMS: an illustrative infrastructure management system and applications Available asset management system and commercial off-the-shelf providers Benefits of implementing an asset management system Sustainability, environmental stewardship, and asset management Future directions for infrastructure asset management

Download or read book Investments in Federal Facilities written by National Research Council and published by National Academies Press. This book was released on 2004-05-24 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Facilities now owned by the Federal Government are valued at over $300 billion. It also spends over $25 billion per year for acquisition, renovation, and upkeep. Despite the size of these sums, there is a growing litany of problems with federal facilities that continues to put a drain on the federal budget and compromise the effectiveness of federal services. To examine ways to address these problems, the sponsoring agencies of the Federal Facilities Council (FFC) asked the National Research Council (NRC) to develop guidelines for making improved decisions about investment in and renewal, maintenance, and replacement of federal facilities. This report provides the result of that assessment. It presents a review of both public and private practices used to support such decision making and identifies appropriate objectives, practices, and performance measures. The report presents a series of recommendations designed to assist federal agencies and departments improve management of and investment decision making for their facilities.

Download or read book Managing Infrastructure Assets for Sustainable Development written by Naveed Hanif and published by . This book was released on 2021 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: The handbook provides guidance for national and local policymakers on the management of their assets in support of the 2030 Agenda for Sustainable Development. In clear and accessible language, it introduces the reader to the basic principles of managing physical assets like equipment and machinery, public land, buildings and infrastructure facilities in the most cost effective and sustainable manner. It introduces a number of practical and field-tested tools to help local and central governments assess their asset management needs and develop comprehensive and proactive asset management frameworks, policies and strategies. The publication places special emphasis on far-sighted and effective actions that integrate financial, lifecycle and demand aspects of asset management. Topical deep dives cover the implications of Covid-19 and climate change on asset management; measures that help build statistical and data capacity as well as guidance on creating an enabling environment for local asset management at the national level. Short case studies, practical exercises and references to reading materials throughout the book aim to further contextualize the content and engage the reader.

Download or read book Definitions Concepts and Scope of Engineering Asset Management written by Joe E. Amadi-Echendu and published by Springer Science & Business Media. This book was released on 2010-11-02 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Definitions, Concepts and Scope of Engineering Asset Management, the first volume in this new review series, seeks to minimise ambiguities in the subject matter. The ongoing effort to develop guidelines is shaping the future towards the creation of a body of knowledge for the management of engineered physical assets. Increasingly, industry practitioners are looking for strategies and tactics that can be applied to enhance the value-creating capacities of new and installed asset systems. The new knowledge-based economy paradigm provides imperatives to combine various disciplines, knowledge areas and skills for effective engineering asset management. This volume comprises selected papers from the 1st, 2nd, and 3rd World Congresses on Engineering Asset Management, which were convened under the auspices of ISEAM in collaboration with a number of organisations, including CIEAM Australia, Asset Management Council Australia, BINDT UK, and Chinese Academy of Sciences, Beijing University of Chemical Technology, China. Definitions, Concepts and Scope of Engineering Asset Management will be of interest to researchers in engineering, innovation and technology management, as well as to managers, planners and policy-makers in both industry and government.

Download or read book 16th WCEAM Proceedings written by Adolfo Crespo Márquez and published by Springer Nature. This book was released on 2023-02-15 with total page 736 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers selected peer-reviewed papers from the 16th World Congress on Engineering Asset Management (WCEAM), held in Seville from 5–7 October 2022. This book covers a wide range of topics in Engineering Asset Management, including: Asset management and decision support system Industry 4.0 tools and its impact on asset management Monitoring, diagnostics and prognostics for smart maintenance Asset life cycle management Asset management in the industrial sector Human dimensions and asset management performance Infrastructure Asset management Asset condition, risk, resilience, and vulnerability assessments Asset operations and maintenance strategies Reliability and resilience engineering Applications of international and local guidelines and standards The breadth and depth of this state-of-the-art, comprehensive proceedings make it an excellent resource for asset management practitioners, researchers and academics, as well as undergraduate and postgraduate students.

Download or read book INTERDEPENDENT INFRASTRUCTURE written by Chen Zhong and published by Open Dissertation Press. This book was released on 2017-01-26 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "An Interdependent Infrastructure Asset Management Framework for Public Facilities" by Chen, Zhong, 鍾晨, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Infrastructure asset management (IAM) emerged in the 1970s, known then as "terotechnology," and then received increasing attention after the catastrophic explosion in the offshore oil and gas platform "Piper Alpha" in July 1988. Infrastructure assets play an important role in underpinning the well-being, social cohesion and economic growth of a society, offering transportation, energy supply, telecommunication, health care, education, accommodation and other services to most citizens. In megacities with high population density such as Hong Kong, infrastructure asset management becomes a puzzle for many infrastructure administrative sectors. Highly complex and dense districts have numerous urban infrastructure assets - such as highways, drinking water networks, gas pipes, public housing, and telecommunication networks - making it more difficult to achieve good infrastructure asset management. More than twenty sectors share the underground space to manage their own utilities in Hong Kong, compelling the asset managers to communicate and collaborate with each other for better asset management. To improve its urban management efficiency, Hong Kong has an urgent need to develop its cross-sector IAM practices. The aim of this research is to re-engineer an interdependent IAM framework for public facilities in order to help clarify the requirements and enable the establishment of a smart, systematic inter-network IAM system for achieving the efficiency, effectiveness, transparency, accuracy and safety of IAM in Hong Kong and other high-density megacities. This research began with a detailed literature review of infrastructure asset management and interdependency. Based on the literature review, correspondent semi-structured interviews were conducted to unveil the current practice and weakness of infrastructure asset management in Hong Kong. Three case studies of three typical infrastructure assets in Hong Kong  related to public housing, underground utilities and temporary transportation management - were undertaken to demonstrate the process flow of infrastructure management by using flow diagrams; system dynamic modelling was adopted to simulate the interactions within such IAM in causal loop diagrams to reveal the interdependencies qualitatively. A validation questionnaire survey was designed and implemented to validate the research outcomes obtained. Generic causal loop diagrams have been developed from the individual causal loop diagrams to represent the interdependencies among general cases on IAM. In this research, a dependency matrix has been developed to illustrate the level of dependency as well as types of interdependencies, while asset hierarchy has been introduced to categorize and quantify the interdependencies of infrastructures. The dynamic interactions of different stakeholders and systems in the interdependent infrastructure network have been demonstrated in flow diagrams and further elaborated in causal loop diagrams. Feedback loops identified from causal loop diagrams assisted in analyzing the infrastructure asset management structures, performances and problems. The developed generic causal models for general cases on IAM could not only benefit the overall urban development in Hong Kong, but also shed light on other similar megacities for continuous improvement. Subjects: Engineering - Management Infrastructure (Economics) - Management

Download or read book NHI Training Catalog written by National Highway Institute (U.S.) and published by . This book was released on 2006 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Physical Asset Management written by Nicholas Anthony John Hastings and published by Springer Science & Business Media. This book was released on 2009-09-29 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: Physical asset management is the management of fixed or non-current assets such as equipment and plant. Physical Asset Management presents a systematic approach to the management of these assets from concept to disposal. The general principles of physical asset management are discussed in a manner which makes them accessible to a wide audience, and covers all stages of the asset management process, including: initial business appraisal; identification of fixed asset needs; financial evaluation; logistic support analysis; life cycle costing; maintenance strategy; outsourcing; cost-benefit analysis; disposal; and renewal. Physical Asset Management addresses the needs of existing and potential asset managers, and provides an introduction to asset management for professionals in related disciplines, such as finance. The book provides both an introduction and a convenient reference work, covering all the main areas of physical asset management.

Download or read book NHI Catalog written by National Highway Institute (U.S.) and published by . This book was released on 2009 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Asset Management for Infrastructure Systems written by Gerd Balzer and published by Springer. This book was released on 2016-10-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book offers a broad overview of asset management processes for different utilities, with a special emphasis on energy and water. It provides readers with important practical considerations concerning the development of new competitive structures and procedures for guaranteeing a sufficient supply of energy and water in a regulated environment, using clearly defined technical and economic cornerstones. On the one hand asset owners expect suitable interests from their investment and business growth; on the other hand regulators focus more on a reliable and cost-effective customer supply. This book shows how to take into consideration these different perspectives in the process of designing new structures and how to guarantee organizational transparency. Based on the major tasks of an asset manager, it describes essential principles and boundary conditions for ensuring the optimal use of resources in a network, such as investment and maintenance strategies, equipment service life, investment and operational costs, etc. Moreover, it points out their impact on the organization of the company, including the necessary IT landscape and computer programs. The book is the English translation of Asset Management für Infrastrukturanlagen - Energie und Wasser1, written by the same authors and published by Springer in 2014.

Download or read book International Infrastructure Management Manual written by and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Manual provides guidelines for best management practices for all infrastructure assets in the public and private sectors at the lowest life cycle cost.

Download or read book Strategic Investment Funds written by Shanthi Divakaran and published by World Bank Publications. This book was released on 2022-06-20 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic investment funds (SIFs) have gained prominence over the past two decades as governments and other public sponsors globally have increasingly co-opted the investment fund model to further policy objectives. Since 2000, more than 30 SIFs have been formed at the national level, typically to boost economic growth through infrastructure or small and medium enterprise investment. In the current COVID-19 pandemic environment, governments have frequently turned to sovereign investment vehicles to address the economic effects of the pandemic, echoing the emergence of new SIFs in the aftermath of the global financial crisis. However, SIFs are not devoid of challenges, and the setup and operation of such funds can be fraught with risks, particularly in contexts of weaker governance, inadequate rule of law, and limited financial market regulation. The intent of 'Strategic Investment Funds: Establishment and Operations' is to provide guidance to practitioners and policy makers considering a SIF model where little widely available, practice-based experience has been documented and disseminated. The book provides a reference for policy makers who are creating or strengthening the operations of SIFs, particularly as governments examine the value of such funds as a policy instrument in the aftermath of the COVID-19 pandemic.