Infrastructure Asset Management: A Strategic Approach Toward Sustainability

This course covers the fundamental principles of asset management and revisits the 6 core questions every organization should be able to answer about their assets. It also illustrates the state-of-art implementation approach of an asset management plan

Course Outline

After participating in the course, you will be able to:
describe the basic principles of asset management from the understanding that you receive from this course
answer the 6 core questions about your assets
apply available tools and techniques to support your asset management activities
develop asset management implementation plan appropriate to your organization
provide better guidelines to policy making and apply on your projects best practices of asset management principles and concepts Description

Infrastructure asset management (IAM) is a strategic approach to manage physical public infrastructure. Two major issues involved are deterioration of infrastructure and the growth in demand for service. Owners, public works, operations and utility service agencies are facing the challenges of maintaining infrastructure lifelines from roadways, bridges, transit systems, drinking water supply and sewage treatment to flood protection and environmental remediation; the task is enormous. Budget constraints and the demand for optimum levels of services makes it necessary for infrastructure managers to look in to the available tools and techniques for efficient management of infrastructure.

This course covers the fundamental principles of asset management and revisits the six core questions every organization should be able to answer about their assets.  The course also illustrates the state-of-art implementation approach of an asset management plan to attain sustainability.  This course is aligned with the International Infrastructure Management Manual, National Research Council (NRC) research modules, and other initiatives and best practices from around the world. It provides an opportunity for public infrastructure management professionals to gain in-depth knowledge for managing their assets while keeping up optimal performance over asset’s life cycle.

Who Should Attend

Managers, engineers, supervisors, technicians, technologists and analysts from government organizations,  consulting companies, policy making and utility agencies responsible for design, inspection, operation, maintenance and renewal of public infrastructure assets.  The course will be of significant benefit to those with some asset management experience who manage or provide critical information to senior managers, who have direct responsibility for meeting system performance, budget planning, project delivery targets and who are looking to update or brush up on asset management skills, taking new challenges to broaden their knowledge. Participants will advance their professionalism to utilize in the emerging field of infrastructure asset management.

Instructor: Saidur Rahman, Ph.D., P. Eng.,Town of Oakville

Program Outline

Day I

8:00      Welcome, Introduction, Course Preview, Learning Outcomes and the Assessment Methods

8:30      Asset Management and Infrastructure Issues 
               What is asset management?
               Why public infrastructure?
               Six core questions of asset management 
               Building blocks of asset management
               Who is doing what: a brief overview, program and initiatives, standards and guidelines, publicly available specification (PAS 55)
               Benefits of asset management towards sustainability

9:40      Introduction to the Asset Management Body of Knowledge (AMBOK)
               Concepts and ideas 
               Knowledge modules 
               Application guidelines

10:00     Refreshments and Networking

10:20     Knowledge about Assets
               What do you own?
               Asset classification systems
               Manage inventory of assets
               Asset data formats
               Asset data collection tips
               How asset deteriorates? 

12:00    Lunch

1:00      Evaluate Asset Condition
               Why asset condition is important?
               Dealing with defects
               Failure modes and criticality
               Condition ratings: Facility Condition Index (FCI), other tools and indicators
               Protocols for condition assessment
               Service life of assets
               Impact of condition on service life of assets
               Impact of condition on performance of assets
 
2:40      Refreshments and Networking

3:00      Levels of Services (LOS) and Perform Risk Analysis
               What is LOS?
               How to determine LOS? 
               Regulations and reporting standards
               Key Performance Indicators (KPI)
               Benchmarking of assets
               Risk assessment and modeling
               Risk management
 
Day II

8:30      Investment and Financial Aspects 
               Infrastructure backlog and other issues 
               Mind the gaps 
               Resource planning
               Financing and options 
               Examples – AFP (alternative financing and procurement), debenture funding, infrastructure bank etc.
               Short and long-term planning
               Social costs and considerations
               Life cycle costing (LCC) 

 9:40      Refreshments and Networking

10:00    Asset Valuation and Business Model
               Asset valuation methods
               Factors considering for asset valuation 
               Asset valuation models: roads/ pavements, bridges/culverts, water and wastewater, other asset specific
               Review of reporting mechanisms (GASB, PSAB, PAS 55 etc.)
               Asset management business model

11:20    Asset Management Optimization and Other Factors 
               Owner’s vs user’s perspective: a multi-objective Optimization Approach
               What infrastructure are vulnerable? 
               Infrastructure security 
               Impacts of climate change on infrastructure
               Climate change adaptation in infrastructure business

12:00    Lunch

1:00      How to Choose Your Asset Management System?
               State-of-art practice tools and techniques 
               Standalone systems and integrated systems
               Issues of consistency
               Evaluation process and module based examples 
               Comparative statements, features and benefits
 
2:20      Refreshments and Networking

2:40      Decision Making
               Logic behind failure, options and actions 
               Assigning a priority ranking number (PRN) 
               Human factors in decision making
               Action planning: driving factors, motivational factors, other influences
               Decision model and analysis
               Checklist – what to consider? and what not?

3:30      Discussion Forum
               Questions and Answers Feedback to Participants on Achievement of Learning Outcomes

4:00      Concluding Remarks and Final Adjournment

Additional Details

Pre-Requisites

Certificates offered

1.2 CEU / 12 PDH

Cancellation Policy

To withdraw from a course, you must send a request, in writing, with the official receipt to our office. Fifteen or more business days in advance: full refund less $50.00 administration charge. Five to fifteen business days in advance: non-refundable credit of equal value for any future EPIC seminar within one year. Credits are transferable within your organization. In case of an unexpected event occurring after this time, you may send someone else to take your place without any additional cost.

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Would have liked more interactive problem solving.

Reviewed by Allen A. 2011