Asset Management: Condition and Performance
The speakers set the scene with an overview of the discipline of asset management. He highlighted the importance of asset managers knowing their assets as the foundation for the implementation of sound asset management. He also emphasized the importance of good data management as an essential feature of an asset management system. The use of tools such as spreadsheets was highlighted as an effective and low-cost way for utilities to organize and analyze their data.
Sharvint Chand explained the concepts of condition rating and condition assessment that are described in detail in the Institute of Public Works Engineering Australasia (IPWEA) manual Condition Assessment & Asset Performance Guidelines – Practice Note 7.
James Young, CEO of the Public Utilities Board in Kiribati highlighted the importance of ongoing monitoring to preemptively detect and act on asset defects before they become major problems.
Ali Mohammed, General Manager (Operations) from Nauru Utilities Corporation also emphasized the importance of good asset information for the effective delivery of high-quality customer services.
Rhiannon Morgan stressed the importance of condition assessments of turning data into information to plan for maintenance and upgrades or replacements.