plan the future

 

The FacilityFuture planning system allows asset planners to prepare long term budget plans up to 100 years and detailed maintenance plans based on condition and risk based planning parameters provided by the asset manager.

 

The FacilityFuture planning system also has a scenario planner to allow the asset manager to simulate a number of real life asset operational scenarios.

 

Budget plans for each of these financial scenarios can be prepared from the original budget plans as well as alternative financial scenario plans derived from further financial scenarios. There is no limit to the number of iterations that can be prepared. Each of the alternative financial scenario plans can be compared, analysed and further optimised. The final financial scenario can be saved as the ‘approved’ budget plan for a nominated period and then the correlating maintenance plans can be prepared from the ‘approved’ plan.

planning future assets

 

The FacilityFuture planning system allows the asset manager to produce asset budgets and maintenance plans for all existing assets as well as all planned future assets. For example by adding a ‘future’ building into the asset register with a construction date of say; 1st January 2015, a twenty year plan can be prepared with the asset costs commencing in 2015.

planning scenarios and modeling

 

The capacity for the planner to use alternative financial scenarios involves varying the planning parameters to simulate the real world operational circumstances and the analysis of the financial implications of each scenario.

 

For example the planner changing the scenario parameters will answer the following:

• Will we save any money if we allow the facility to degrade to a lower condition?
• How much would it cost if we wanted to improve the facility condition?
• What is the financial impact if we increased the use of the facility?
• How sensitive is the budget to the assumed asset service life?
• What is the financial outcome if we achieved a better or worse asset life?
• What happens if we increased asset operations from 8 hr/5 days to 24 hr/7 days?
• What happens if we set a budget limit for the proposed maintenance budget?
• What happens if we updated some assets within the portfolio?
• What happens if we replace the facility?

The system will provide the answers through comparison of the alternative scenario plans modeled quickly and simply.

budget limit analysis

 

In the ‘real’ world most organisations find it difficult to provide funding that matches the fluctuating asset budgets that are driven by asset deterioration and cyclic asset renewal and replacement.

The budget limit analysis allows the asset planner to nominate a financial budget limit for each plan period and the FacilityFuture planning system will identify all those asset maintenance, renewal and replacement tasks that will or will not be funded by the nominated budget. The asset planner can then review and update component importance values to ensure that important tasks are reprocessed and moved into the budget plan within the funding limits prescribed.

renewal optimisation

 

In the ‘real’ world many asset managers are faced with the option to renew an asset, to replace it or to leave it alone, and the need to identify the ‘value for money’ option from these alternatives over a 20 to 30 year period or longer. Renewal optimisation modeling provides the following options to the asset manager:

• Leave the asset alone by allowing the asset(s) to deteriorate normally and apply cyclic asset renewal and replacement.
• Renew the asset by selecting certain asset components to be replaced at a nominated time.
• Replace the asset by nominating a facility replacement cost and selecting the date that this data will occur in which case all of the asset components will be restored to new.

 

All scenario plans can be compared to identify the best ‘value for money’ option over any period.