By Chris Lloyd
The 1st publication of its sort, Asset administration deals entire and obtainable assurance of the entire significant features of the topic, delivering a useful connection with these operating in or studying approximately asset-intensive industries
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Extra resources for Asset Management: Whole Life Management
G Align safety risk measures across DAA with corporate risk-reporting procedures. g Develop a cost of carbon capability into the investment cost–beneﬁt analysis process. This goal could be summarised as sustainable development. An integrated approach is being developed within DAA to manage risks and opportunities in meeting operational service, safety, ﬁnancial, societal and environmental objectives. The asset focus of this work spans several investment drivers, including growth, technological development, and political and environmental pressures, as well as maintaining the current infrastructure within design parameters.
Ofwat (2009a) Asset management assessment and baseline setting (AMA), PR09/23. Ofwat, Birmingham. uk/pricereview/pr09phase2/pr09phase2 letters/ltr_pr0923_amabaselinesetting (accessed 10/02/2012). Ofwat (2009b) Annual report 2008–09. Ofwat, Birmingham. UKWIR (2002) Capital Maintenance Planning: A Common Framework (CMPCF), 02/ RG/05/03. UK Water Industry Research, London. org/ukwirlibrary/ 80474 (accessed 10/02/2012). UKWIR (2007) Asset Management Planning Assessment Process – a methodology for self assessment (AMPAP), 07/RG/05/18.
The overall position of each organisation was determined by multiplying the importance of the space in terms of its contribution to service delivery by its current agreed service level. The reliability of the result was enhanced by asking the client manager for each NGO to verify the NGO self-assessment and then by bringing the NGO and the client manager together to reach agreement on a ﬁnal result. By the end of the assessment process, Arts Victoria had a better understanding of exactly what performance outcomes each NGO wanted to achieve, and the NGOs themselves were clearer about what levels of aspiration the funding body was prepared to support at that point in time.