| Download | - View accepted manuscript: Why industry needs asset management tools (PDF, 629 KiB)
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| DOI | Resolve DOI: https://doi.org/10.1061/(ASCE)0887-3801(2001)15:1(35) |
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| Author | Search for: Vanier, D. J.1 |
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| Affiliation | - National Research Council of Canada. NRC Institute for Research in Construction
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| Format | Text, Article |
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| Subject | investment planning, maintenance management, municipal infrastructure, decision-making, decision-support systems, condition assessment; Asset management |
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| Abstract | This paper provides a retrospective overview of asset management in the construction industry; emphasis is placed on assessing decision-support tools for municipal infrastructure planning. The study identifies the extent of the asset management market in North America, addresses the need for decision-support tools for municipal-type organizations, and identifies the challenges for maintenance, repair and renewal planning faced by asset owners and managers. Integration with existing systems such as computerized maintenance management systems, geographic information systems and corporate legacy systems is seen as the largest challenge for developing and using decision-support tools in the area of asset management. The present study classifies various stages of implementation for asset management using the six 'Whats' --questions that asset managers should ask about the status of their portfolio. Finally, the activities of a consortium in the area of strategic asset management are introduced. The investigation leading to this paper located a limited number of decision-support applications, and none provides a comprehensive solution to address the current needs for planning the municipal infrastructure. |
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| Publication date | 2001-01-01 |
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| In | |
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| Language | English |
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| Peer reviewed | Yes |
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| NRC number | NRCC 44702
NRC-IRC-10233 |
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| NPARC number | 20386405 |
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| Export citation | Export as RIS |
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| Report a correction | Report a correction (opens in a new tab) |
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| Record identifier | 42a6857e-f63a-470b-8c33-23097fb93fff |
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| Record created | 2012-07-25 |
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| Record modified | 2020-03-27 |
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