Investment of resources in managing assets is required to provide a great level of service for our customers. The use of asset criticality is a key approach to optimising such investments.
BR assisted one of its major water utility clients with the development of a framework, methodology and tool to undertake criticality analysis of assets to assist with investment and works planning. They addressed questions and issues that commonly stifle the implementation of criticality assessments, including: what is criticality, how do you assess criticality of different types of assets providing different services (eg a barbeque in a recreational area versus a dosing pump at a water treatment plant), how can resources be efficiently used to undertake the assessments etc.
BR and its client will be presenting on this at AMPeak2019 in Perth.