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Management > L21/22: Asset Management - Lifecycle > Flashcards

L21/22: Asset Management - Lifecycle Flashcards

1
Q

What is the aim of life cycle asset management?

A

Lower the life cycle cost and use the money generated to extend the reach within the program.

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2
Q

Different methods to reduce life cycle costs?

A
  1. Maintenance (planned, to reduce Captial Projects)
    - Strategic: performed early in lifecycle
    - Emergent: reduce need to perform reactive repair
  2. Reactive (unplanned, for immediate needs)
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3
Q

What are the Consumer LOS for the need for pavements?

A
  • safe surface to travel on
  • smooth surface to travel on
  • surface for comfortable driving experience
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4
Q

What are the Technical LOS for the need for pavements?

A

Structure that:

  • protect the subgrade from excessive stresses
  • protects the subgrade from moisture
  • provides skid resistance
  • protects local services
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5
Q

What are potential pressures that would effect an Infrastructure Asset Management Plan?

A
  • safety
  • budgets/ programming
  • planning
  • information management
  • legislation
  • economic erosion
  • public
  • permits
  • staff
  • traffic
  • engineering
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6
Q

How does safety pressure an Infrustructure AM Plan?

A
  • keep the public safe
  • major concern
  • balance cost and safety
  • health and safety
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7
Q

How does legislation pressure infrustructure AM plan?

A
  • rules & regulations
  • more complex globally
  • risk is important
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8
Q

What is the greatest operational challening in expanding your global footprint by entering new territories?

A
  • variation in regulatory reporting requirements
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9
Q

Where have witnessed the most regulatory pressure toward technology transformation to improve transparency?

A
  • risk data
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10
Q

Methods of funding?

A
  • bank loan
  • company income
  • government
  • rates
  • investement rates
  • global financial market
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11
Q

Politics

A
  • political pressure
  • public pressure
  • election year
  • lobbying groups
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12
Q

Framework for achieving objectives (pyramid):

A
  • executive
  • mission
  • goals/ objectives
  • business processes
  • information
  • infrastructure
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13
Q

Key components of information systems:

A
  • motivation
  • time
  • people
  • function
  • data
  • network
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14
Q

What is the Zachman framework?

A
  • a “thinking tool” to help understand many complex IT related issues
  • A framework for enterprise architecture in an organisation. Not only for designing or engineering the enterprise but also helps in managing enterprise change
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15
Q

Structure for the Zachman Framework

A

A logical structure for classifying and organising models or descriptive representations of an enterprise
By filling the cells of the Zachman matrix, information systems are automatically aligned with management corporate goals

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16
Q

Benefit of the zachman framework

A
  • Building enterprise models help in accumulating large enterprise knowledge which is needed to accommodate change.
  • helps organising development thoughts
  • helps developing strategies for creating flexible and agile enterprises
17
Q

What technology is important to asset managers?

A
  • client reporting
  • data management
  • risk analytics
18
Q

What are the 4 systems of System Architecture Patterns?

A
  • Independent Systems
  • Interfaced Systems
  • Interoperable Systems
  • Integrated Systems
19
Q

Characteristics of independent systems.

A

Do not share any processes or data

20
Q

Characteristics of interfaced sytems.

A
  • simply connected systems or subsystems that can exchange information across the common boundary which they share
  • systems share data but no processes
21
Q

Characteristics of interoperable systems.

A
  • provide and accept services from other systems and use the services exchanged to enable them to operate effectively together
  • systems share limited processes and data
22
Q

Characteristics of integrated systems.

A
  • tightly coupled interconnection of different, highly specialised devices, subsystem or systems, into a broader system providing complex functions which require close interactions between its components
  • systems share many processes and data
23
Q

Explain Phase 1: Conceptual Data Model

A
  • Includes a high level definition of the main model entities and the relationship between them
  • “high level data model” is generally the same as a “conceptual data model”
24
Q

Explain Phase 2: A Logical Data Model

A
  • a more detailed design that is generally seen as an intermediary between conceptual and physical design
  • includes more specific information, allowing for coding within a database, without necessarily including specific detials that might facilitate coding within on particular DBMS
25
Q

Explain Phase 3: Physical Data Model

A
  • includes specifics that facilitate coding within a specific database management system (DBMS)
    e. g. internal storage structures, access paths and file organisations
26
Q

Key componenets of Complex Systems:

A
  • autonomous agents
  • undefined values
  • non linearity
27
Q

Explain autonomous agents in AM.

A
  • may components that have their own freedom to govern themselves and/or control their own affairs
    e. g stakeholders in projects
28
Q

Explain Undefined Values in AM.

A
  • known values - uncertainties
  • known - undefined values
  • unknown - undefined values (Black Swan Event)
29
Q

Explain non-linearity in AM.

A
  • most relationships in AM are dynamic, nonlinear and hard to define
  • non linearity due to human interaction with assets, hard to define material properties and external effects
30
Q

What are the key components to define a complex system?

A
  • system boundary (scope of LOS & project)
  • influencing factors (incoming & outgoing pressures)
  • nodes (stage in LOS & project lifecycle)
  • links (connections/communication between stages/nodes)
  • feedback loops
31
Q

Data needed for AM plan:

A
  • investment costs over the life of the project
  • operational costs
  • benefits
  • discount rate
  • risk costs (consequences of failure)
32
Q

Principals of Infrastructrue information management systems:

A
  • hardware
  • software
  • data
  • processes/ procedures and standards
  • people
33
Q

AM Software considerations

A
  • cost
  • available resources
  • industry and technology trends
  • access
  • security/ back up/ contingency palnning
  • software support
  • supplier stability
34
Q

AM Attributes considerations

A
  • modularity
  • open archnitecture
  • interface
  • input/ output formats
  • set vs customised
  • specialised vs enterprise systems

Management (17 decks)

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