lecture 16/17 assets

Question 1

asset definition

Answer 1

item of property owned by someone that has value, and avaliable to meet debts legacies and commitments

Question 2

asset management definition

Answer 2

systemiatic process of deploying operating , maintaining of assets cost effectivley

Question 3

how many billion of infrastructure assets owned by nz governement

Answer 3

110, includes road rail, power etc

Question 4

role of infrastructure

Answer 4

economic productivity, education, health, mobility, standard of living

Question 5

what is our infrastructure pressured by

Answer 5

dependance on oil
climate change
disasters
sustainability

Question 6

heirachy or urbasn needs

Answer 6

from the top
oppenness to influence (spirtural shit like a beacon)
cultural offerings (art sport etc)
education (schools unis etc)
effective infrastructure (sewage transportation etc)
basic services (water, fire, police)

Question 7

why do asset management

Answer 7

performacne/cost effectivness

communaication, accountability and credibility

Question 8

benefits of smi (sustainable management of infrastructure)

Answer 8

improve understanding of level of service
improve descion making
communicate funding needs
demonstrate responsible steward ship of assets

Question 9

how must long term thinking come about

Answer 9

political pressures set example

must be incorporated into society not just engineers

Question 10

asset management plan conssits of

Answer 10

strategic planing process 
service level review process
asset management process
(all three parts (influenced by customers demands)
consider asset and non asset solutions

Question 11

what does the previous plan subdivided into

Answer 11

strategic planning
tactical planning
operational planning

Question 12

what is LOS

Answer 12

level of service is the outputs a customer recieves

Question 13

how do we measure LOS, what doe smarter stand for

Answer 13

SMARTER
Specific
Measurable
Achievable
Relevant
Time Bound
Evaluation 
Reasse

Question 14

have a costumer and technical performance measure, why

Answer 14

because the costumer one is like less than x disruptions per year but technical is less than y breaks per 100km per year.

Question 15

Demand forecasting levels and what they consist of

Answer 15

aware-haven’t got shit
minimum- done by staff
core-have basic projection
intermediate-based on mathematical model , create different demand scenarios
advanced, like intermediate but with assessment of risk, with mitigation plans

Question 16

what should all AM systems have in common

Answer 16

Policy driven
Performance based
Options Evaluated
Decisions based on quality information
clear accountability

Question 17

asset management requires a shift in culture from what to what

Answer 17

managing projects to managing a system