whole of life planning benefits

 

The AssetFuture whole-of-life planning will provide clients the following significant benefits:

strategic asset planning

 

Whole-of-Life planning gives management the ability to link strategic thinkers to operational doers and develops optimised asset budgets and maintenance plans that are aligned to corporate and government strategic business plans.

Whole-of-Life planning can produce asset budgets and plans up to 100 years thereby providing planners with the ability to identify the WoL operational and maintenance costs required to support the assets required service delivery.

enterprise planning capability

 

The AssetFuture planning at an enterprise level provides an asset management framework that provides work standards and consistency across the enterprise ensuring that asset plans and budgets are aligned to the corporate and government service delivery expectations and strategic business plans.

risk management

 

Risk management is an integral part of good management practice. The AssetFuture process requires planners to identify important or critical assets, statutory, and mandatory maintenance compliance requirements. The WoL plans will then ensure:

• all asset maintenance plans are compliant to statutory requirements
• all important and critical assets have funding priority
• critical assets are planned to be replaced prior to failure

Risk management is a logical and systematic process that will enable organisations to minimise losses and maximise opportunities.

management in control

 

Whole of Life planning offers tangible benefits to management by providing:

• strategic balance between capital / maintenance / disposal
• lowest cost to provide sustainable assets and service delivery
• justifiable budgets to manage the infrastructure plant and facilities
• logical plans tested by alternative scenarios
• extensive asset life data for analysis and decision making
• improved management of asset portfolio condition status
• improved resource planning for future labour contracts
• no future surprises = 'management in control’.

decision support and scenario planning

 

The WoL planning enables asset designers and asset managers to run alternative scenario plans in order to identify the best plan that suits their strategic needs and budget limitations to achieve the short term and the long-term business results.

 

Analysis of the WoL scenarios will provide management with the asset information to make informed business decisions now, both at the asset level and up to the business and corporate levels.

empowering experience and knowledge

 

The WoL planning applies practical engineering knowledge gained from operational experience and failure analysis to predict the degradation of physical assets individually with an entire portfolio.

 

The WoL planning applies this knowledge to calculate the condition and costs associated with maintenance, operations, and renewal of the asset over the life of the asset. With the development of asset models the WoL planning process provides accurate and repeatable asset plans.

contract maintenance optimisation

 

The output from the FacilityFuture planning system identifies long term maintenance contract opportunities that provide value for money to the asset owner and longer term work programs for contractors. This feature has been used to prepare long term facility management contracts and PPP tender submissions.

The FacilityFuture system identifies the future planned work tasks, by trade discipline for all facilities or buildings in a regional location enabling an asset manager to prepare a technical specification of future maintenance and renewal tasks and prepare a ‘market price’ for comparison to test the ‘value for money’ of the tender submissions.

 

For performance contracts the FacilityFuture program identifies the future condition of all asset components at any future date which is used as a condition target.