Connecting Risk and Levels of Service at the Region of Peel
Organizational asset management for municipalities is very complex. Municipalities are challenged to assess asset needs and priorities across a very diverse range of programs and services. Corporate Asset Management (CAM) at the Region of Peel determined risk to be the basis for its efforts to provide a consistent view of diverse infrastructure assets across the organization. However, existing risk methodologies presented some challenges and limitations when used as pure comparative prioritization tools. The following will outline the gaps present in the existing risk methodologies, the key enablers that CAM has developed to fill those gaps, how it all comes together, and the observations that can be made from the modelling.
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