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Infrastructure Asset Management – Making Everything as Simple as Possible but Not Simpler

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In a world consumed with complexity, Albert Einstein’s dictum ‘make everything as simple as possible but not simpler’ is a good challenge for infrastructure asset managers.

Understanding that simple well - conceived solutions are sustainable solutions, the paper will unpack infrastructure asset management knowledge and measure it against the test of being ‘as simple as possible’

The major infrastructure asset management components of levels of service, demand forecasting, risk management, lifecycle management, financial forecasting, systems and processes, improvement programs and asset information systems will be examined for being ‘as simple as possible.’

The paper will provide insights and value to practitioners from small, rural and remote communities and those from rapidly developing countries.

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Infrastructure Asset Management – Making Everything as Simple as Possible but Not Simpler

  1. 1. Ross Waugh Director Waugh Infrastructure Management IAM – Making Everything as Simple as Possible
  2. 2. Question? Are we making infrastructure asset management too complicated? IAM - Making Everything as Simple as Possible
  3. 3. Many different resources available now IAM has moved from an ‘art’ to a ‘science’ in the past decade IAM - Making Everything as Simple as Possible
  4. 4. Engineer’s like complexity – why? IAM - Making Everything as Simple as Possible
  5. 5. By adding layer upon layer of complexity, we run the risk of turning infrastructure asset management into a ‘scientific religion’. “Trust me I know what I am doing” is not accepted by society, especially when accompanied by requests for billions of dollars of public funds Peter Cook The Very Impressive Clergyman The Princess Bride IAM - Making Everything as Simple as Possible
  6. 6. Albert Einstein: “Keep everything as simple as possible, but not simpler” IAM - Making Everything as Simple as Possible
  7. 7. Steve Jobs: “Simple can be harder than complex” IAM - Making Everything as Simple as Possible
  8. 8. To simplify, you must have a full understanding and mastery of the subject or topic Albert Einstein and Steve Jobs recognised this and made their challenges Simplifying is much more of a professional challenge that just adding complexity IAM - Making Everything as Simple as Possible
  9. 9. Simple IAM Diagram IAM - Making Everything as Simple as Possible LEVELS OF SERVICE FUTURE DEMAND RISK LIFECYCLE MANAGEMENT - Operational - Maintenance - Renewals - New Capital - Disposal OPTIMISATION FINANCIALS Expenditure - Operations & Maintenance - Renewals - Capital [Depreciation] Revenue - Fees, Charges, Tariffs - Loans - Grants/Funding - Bonds
  10. 10. Simple IAM Diagram IAM - Making Everything as Simple as Possible LEVELS OF SERVICE FUTURE DEMAND RISK LIFECYCLE MANAGEMENT - Operational - Maintenance - Renewals - New Capital - Disposal OPTIMISATION FINANCIALS Expenditure - Operations & Maintenance - Renewals - Capital [Depreciation] Revenue - Fees, Charges, Tariffs - Loans - Grants/Funding - Bonds GAP GAP GAP
  11. 11. Simple IAM Diagram IAM - Making Everything as Simple as Possible LEVELS OF SERVICE FUTURE DEMAND RISK LIFECYCLE MANAGEMENT - Operational - Maintenance - Renewals - New Capital - Disposal OPTIMISATION FINANCIALS Expenditure - Operations & Maintenance - Renewals - Capital [Depreciation] Revenue - Fees, Charges, Tariffs - Loans - Grants/Funding - Bonds
  12. 12. Practice & Maturity Diagram IAM - Making Everything as Simple as Possible ADVANCED IAMPRACTICELEVEL INTERMEDIATECOREMINIMUM MATURE ORGANISATIONAL AM MATURITY INTERMEDIATECORE
  13. 13. Practice & Maturity Diagram IAM - Making Everything as Simple as Possible ADVANCED IAMPRACTICELEVEL INTERMEDIATECOREMINIMUM MATURE ORGANISATIONAL AM MATURITY INTERMEDIATECORE
  14. 14. Practice & Maturity Diagram IAM - Making Everything as Simple as Possible ADVANCED IAMPRACTICELEVEL INTERMEDIATECOREMINIMUM MATURE ORGANISATIONAL AM MATURITY INTERMEDIATECORE
  15. 15. Saw Tooth Diagram IAM - Making Everything as Simple as Possible ORGANISATIONPRACTICE/MATURITY ADVANCEDINTERMEDIATE TIME (YRS) CORE
  16. 16. Kevin Brady, NZ Auditor General: ‘Make sure you have the ‘right debate’, June 2007 Statutory requirement to provide clear information to the public about important issues, choices and the implications of those choices – the ‘right debate’ (Section 93(6) NZ Local Govt. Act 2002) Communication of infrastructure asset management issues, choices and costs still key: - communication to Communities, Governance, Management 8 years after this challenge by the Auditor General – we are doing better, and communicating issues with greater clarity. There is still a lot of room for improvement IAM - Making Everything as Simple as Possible
  17. 17. Challenges from this paper: • Make it simple • Get your thinking clean • Apply this to your work, and • Communicate clearly IAM - Making Everything as Simple as Possible
  18. 18. Questions? IAM - Making Everything as Simple as Possible

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