Condition and performance information should be used to make good decisions about risk management to avoid asset failures, assess the useful remaining lives of assets, and determine asset management renewal and retirement strategies.
Condition and performance information also determines the need for, and timing of, preventative or remedial action to prevent any loss of service. If a local authority does not know the current condition and performance of an asset, this could lead to premature failure. In addition, a lack of “connecting” information between systems or networks can mean that the failure of a small part in one network can cascade into a multiple or large network failure.
“Asset condition and performance information needs to improve to support decision-making”
– Auditor General, November 2014, Water and Roads: Funding & Management Challenges
In the Auditor General’s report on the funding and management challenges of water, one of the key findings was that local authorities could make better connections between critical information to increase the chances of making decisions that get the best results.
ProjectMax provides an innovative cloud computing solution to water utilities, aimed at helping them to centralise information about the condition and performance of their assets. ProjectMax’s JungleTV web services, in partnership with Mott MacDonald’s H2knOw-how cloud platform, provides software that, at its core, provides a real time solution for the capture, collation, interrogation, analysis and dissemination of water related information.
Read more on ProjectMax’s JungleTV web services.
Read more on Partnership with Mott MacDonald’s H2Know-how.
For further information, contact: Steve Apeldoorn