Nothing is as inescapably important to a community's livability as its infrastructure. In the past, administrators, asset managers, engineers, financial analysts, and public works professionals worked in silos, competing with other priorities, and politics. The infrastructure deficit and its pervasive financial implications for city decision-makers and citizens, however, means that local governments will have to fundamentally reconsider their strategic objectives.
The new reality places infrastructure and asset management at the centre of a city's strategic plan. Proper asset management is no longer an independent priority, but one that must be integrated with all major aspects of a city's operations and strategy.
CONTACT OUR ASSET MANAGEMENT PRACTICE
Our asset management and advisory practice delivers the three critical components of successful, strategic asset management:
- The Intelligence Research and commentary on infrastructure & asset management
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The Intelligence: Research on infrastructure & asset management
The following articles, whitepapers, and case studies will serve as primers on the practice of asset management. They are free to download and distribute.
The Asset Management Challenge
This special edition of the Public Sector Digest takes a close look at the asset management challenge facing municipalities across Canada.
With provincial and federal funding programs for municipal infrastructure renewal in flux, local governments are forced to move the asset management agenda forward with long-term financial support in question.
This issue sets the asset management challenge in the context of Canada's recent policy developments, while highlighting best practices from national and international leaders.
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Integrating Asset Management into Corporate Decision-making
Faced with diverse assets and services across the organization, the Region of Peel has needed to take asset management to the next level to achieve a more strategic and balanced decision-making approach. This has been achieved by connecting the programs' levels of service, risk, and life-cycle strategies for all asset groups with corporate analysis and reporting methodologies. This white-paper will illustrate Peel's approach and the outputs of the Region's initiative.
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Financing Local Infrastructure: An Analysis of Grants and Pricing
BY HARRY KITCHEN, TRENT UNIVERSITY
Building Human Behaviour into Asset Management Modeling
BY MATTHEW HIGGINS, UNIVERSITY OF TORONTO
Strategic Water and Power Infrastructure in Abu Dhabi
ASMA AL FALASI & KEITH PAINTIN, TRANSCO
» More research on Infrastructure & Asset Management
- The Technology Our asset management software portfolio
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Intelligence is a necessity for informed decision-making. Technology allows decisions to be made quickly and with greater confidence, essential for the complex and important work of asset management.
Since the launch of PSAB 3150, PSD has been the market leader in recognizing public sector requirements to build an asset management practice designed specifically for governments. Today, more than 20 percent of the Canadian population is directly impacted by our technology, offered through our CityWide Software Solutions division.
Our software portfolio is designed for a comprehensive asset management program, from basic asset registries to advanced financial modeling. To get full detail, visit our
CityWide Software Solutions website.
CITYWIDE TANGIBLE ASSETS
CityWide Tangible Assets is an industry leading TCA compliance and Asset Management module. This application provides municipalities with a complete asset registry for all asset types. All TCA financial reporting is easily handled through our default and custom reporting engines. Key asset management features include lifecycle planning, condition assessment, risk analysis, levels of service, and project prioritization.
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CITYWIDE CPA
CityWide CPA is a financial modeling application for asset management and lifecycle costing. The application enables public sector organizations to capture the data from their Tangible Capital Asset inventory, analyze and consolidate it, then develop unlimited scenarios in real-time, generating a series of options and long-term recommendations.
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CITYWIDE WORKS
CityWide Works is a web-based, work order/work flow application designed to enable public works departments to prioritize, schedule, and track projects. In addition, Works calculates resources utilized, inventory consumed, as well as direct and indirect labour. The application integrates fully with CityWide Tangible Assets, CityWide CPA, CityWide GIS, and other TCA financial applications. CityWide Works is designed to provide customized metrics relating to business processes.
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CITYWIDE GIS
CityWide GIS is a versatile solution for an organization's emerging GIS needs. It serves as a repository for spatial data that is served up to an associated web-based "viewer", with potential to draw from and serve 3rd party systems. Key design principles include an intuitive interface with high visual impact, to produce demonstrable maps while maintaining the required internal functionality that an organization needs.
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- The Plan Building a strategic Asset Management Plan (AMP)
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A technically precise and financially rigorous asset management plan will ensure that sufficient investments are made to maintain delivery of infrastructure services to current and future residents. Based on the data aggregated across our four software modules, we develop a comprehensive AMP for municipalities. The content of the AMP will include:
1. State of local infrastructure
2. Expected levels of service
3. Asset management strategy
4. Financing strategy
The asset management plan will serve as a strategic, tactical, and financial document ensuring the management of
the municipal infrastructure follows sound asset management practices and principles, while optimizing available
resources and establishing desired levels of service.
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At a strategic level, within the State of
the Current Infrastructure section, the
AMP will identify current and future
challenges that should be addressed in
order to maintain sustainable
infrastructure services on a long-term,
life cycle basis.
It will outline a Desired Level of Service
(LOS) Framework for each asset
category to assist the development and
tracking of LOS through performance
measures across strategic, financial,
tactical, operational, and maintenance
activities within the organization.
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At a tactical level, within the Asset
Management Strategy section, the AMP
will develop an implementation process
to be applied to the needs-identification
and prioritization of renewal,
rehabilitation, and maintenance
activities, resulting in a 10 year plan that
will include growth projections.
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At a financial level, within the Financial
Strategy section, a strategy will be
developed that fully integrates with other
sections of this asset management plan, to
ensure delivery and optimization of the 10
year infrastructure budget.
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The PSD asset management plan methodology provides a standardized approach for each client based on
our team's technical expertise, and experience with over 200 communities across Canada.
To learn more about our asset management planning service, contact us at
infrastructure@publicsectordigest.com.
