2969390
Description
Flashcards by Samuel Metcalfe, updated more than 1 year ago
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Created by Samuel Metcalfe
almost 9 years ago
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| Question | Answer |
| Key Elements of Asset Management (IPENZ) | - Establish the context - Establishing the levels of service - Reviewing, collecting and analyzing asset information required - Develop life cycle management strategies - Writing an improvement plan - Auditing of asset management practices |
| Things to be doing for asset management | All elements of asset management are undertaken in an environment of communication, consultation and collaboration with the owner, stakeholder, customers and communities. Also reviewing and internally reviewing at all stages. |
| Establish the context | Strategic objectives - Define the corporations vision and establish objectives Define the environment - E.g. information like constraints, potential liabilities, economic drivers, growth and development demands |
| Establishing levels of service | Related to the needs of customers, stakeholders and owners. Will need to incorporate constraints. Customer, technical governance LOS's. Have ways to measure these LOS's. |
| Review, collate and analyse asset information | Underpinned by having strong asset management system. Examine existing data sources • Identify and describe assets, components, condition, capacity and performance • Establish asset valuation data over life of the asset • Identify critical assets and components for the delivery of the levels of service • Recognise key non-asset components that play a significant role in service delivery |
| Develop life cycle management strategies | Focus on management options and strategies considering all relevant economic, strategic and physical consequences, from initial planning right through to disposal. |
| Improvement plan | - Check alignment with strategic objectives • Assess current compliance • Compare with best practice • Identify desired future position • Identify and prioritise gaps |
| Audit asset management practise | Ensure that plan: -is appropriate -been effectively developed - is efficiently implemented and ultimately approach is fit for purpose |
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