Importance of Asset Modelling

We are proud to launch the new Importance of Asset Modelling dTIMS BA Mini-Course!

We are in a constrained investment situation due to economic circumstances. It is therefore important we invest wisely in infrastructure. We need to have that long-term view both in terms of the investment, but then also what are the levels of service that we're going to get from our infrastructure.

Reasons for modelling:

Supports good decisions
Optimal way of coming up with asset renewal solutions
Limited money – where should it go?
What are the consequences of under spending?
Robust evidence for planning and investment story
Compare performance with peers
Need to depreciate assets – impacts on rates
Need to look into future (long asset lives) or may miss trends that require intervention

During this mini-course you will learn the different questions we can ask during asset modelling and how to use the answers in real life. Upon completion of this mini course, you will:

Understand the importance of scenario testing in the asset management decision making process
Understand how asset modelling can contribute to long term planning in terms of levels of service and investment needs (Optimization)
Be able to explain how modelling and optimization is this better than worse first programming of works
Be able to interpret the modelling outcomes and apply it to investment applications and asset management plans

Get Certified

This mini-course is part of the dTIMS BA Concepts Stream in the Deighton University. Did you know by succesfully completing each mini-course you can become certified in dTIMS BA - Concepts? Check out the other courses that make up the dTIMS BA Concepts stream below.