Services | Asset Management > Asset Management Programs
Aging infrastructure assets which are demanding considerable rehabilitation are challenging organizations at all levels at a time of changing regulations, increased pressure to deliver service, and growing budgetary constraints. UEM’s Asset Management Team includes experts who have championed asset management concepts for almost 30 years.
UEM’s risk–centric approach to asset management assists our clients in reaching a sound understanding of asset management principles in a short period of time. The approach allows our clients to gather essential information about their assets and compile it in a meaningful way that will help them to make key decisions about asset management and maintenance. The risk–centric approach helps our clients to identify the assets owned, and their worth, the conditions of those assets, risks posed to the organization in the event of an asset’s failure, and required maintenance and rehabilitation activities, including the ideal timing of these activities and the associated current and future costs.
UEM’s Asset Management Professionals can assist your organization in establishing or enhancing an Asset Management Program through the development of:
- A Risk Management Strategy, to define, identify, assess and manage risk in a consistent fashion across the organization, including calculation of risk at the asset level;
- A Level of Service Strategy, to link customer expectations to technical requirements of individual assets, ensuring that the needs of the organization, the customer, and the community are all considered;
- A Lifecycle Management Strategy, to optimize investment in assets over the full life expectancy of the asset, including optimal scheduling of asset rehabilitation or replacement;
- An Optimized Decision Model (ODM), to identify and prioritize all potential asset rehabilitation and replacement projects with consideration for financial viability, social responsibility, and environmental responsibility, accounting for risk, level of service, and lifecycle strategies at the asset level;
- Key Performance Indicators (KPIs), to evaluate your organization’s performance in a quantifiable, defendable, and repeatable manner;
- An Asset Management Plan, to put asset information into a context that combines multi-disciplinary management techniques, from technical management to financial management. The Asset Management Plan includes state of the art infrastructure reports, easily understood report cards, multi–year capital plans, and operational forecasts which help an organization achieve long-term sustainable services.
UEM recognizes that an organization’s assets, services, business practices, and values are not static. An Asset Management Program provides strategies to guide improvements to an organization’s asset management practices through improved data collection methodologies, enhanced business practices, integrated data architectures, and regular evaluations of key assumptions. We work with our clients to develop an individualized Asset Management Program that allows each client to manage their assets in a way that provides them the greatest benefit and addresses their unique needs.
For further information, please contact Wayne Wood, P. Eng., at 519.752.8686, ext 24.
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