Asset OptimizerTM software empowers transit agencies, port authorities, and airport managers to develop optimized and defensible risk-based asset management plans for all infrastructure assets. Asset OptimizerTM is based on ISO 55000 standard and delivers a complete cross-asset decision analytics and asset management planning framework. Asset OptimizerTM help users meet regulatory requirements and accurately determine funding needs to meet performance targets. Users will be able to ensure optimal allocation of limited financial resources and selection of projects that maximize return on investment, and develop reliable, defensible, and optimized long-term asset management plans.
Ports manage a diverse portfolio of physical assets including dock structures, shoreline protection, roads, overpasses, utilities, buildings, etc. Port authorities often allocate scarce funding among competing projects to address multiple priorities and asset management needs. With the ageing of infrastructure assets, increasing demands, and widening investment gaps, the need to optimize decisions and project selections over the near- and long-term becomes even more critical for meeting service level goals, reducing risks, and ensuring financial sustainability.
Transit agencies manage a significant and diverse asset portfolio including rolling stock, facilities, pavement, stations, equipment, etc. Many agencies also manage rail assets such as track, switches, and signals. Ageing assets, increasing demands, and constraints on infrastructure investments pose significant challenges for maintaining these assets in a state of good repair. In face of these challenges, transit agencies need to adopt more optimized asset management strategies to maximize return on investment, reduce risks and lifecycle costs, and ensure financial sustainability and adequate performance of their managed assets.
Safe and efficient operations and regulatory compliance of airports require maintaining a wide portfolio of physical assets in a state of good repair. Optimization of long-term asset management plans for airfield pavement, utility lines and services, terminal buildings, and a range of equipment are necessary for reducing risks and lifecycle costs, and ensuring safe operations and financial sustainability of managed assets.
“The Asset Renewal Programs are meant to be long‐term, forward‐looking capital programs to justify the asset reinvestment required to maintain a state of good repair for our assets. The process for developing these programs was based on readily available data and information to support the identification of the optimal lifecycle for the assets and the development of a capital investment program for on‐going capital planning. IDS brought insightful data analysis and recommendations with their asset lifecycle modelling techniques and reliability metrics, specifically with regards to the pavement asset class. The IDS team displayed an innate ability to communicate the technical aspects of the assets, based on their understanding of the asset needs and challenges while also being able to bring a big picture perspective on asset management implications. The IDS team clearly established and identified the deliverables for our project, including being very clear and transparent about maintaining the project on time and on budget. At TransLink we have greatly valued the advice and direction from IDS to be well‐informed and supportive of our Asset Renewal Programs.” – Llewellyn Fonseca, Translink