Written by Paul Davis & Cameron Jessup, BetterAIM; Rachael Lyon, Mackay Regional Council; and Marcus Holland, Rezatec
Abstract
Asset class strategies and plans are an integral component of asset-intensive organisations. However, while these plans and strategies are often content heavy, their most important aspect can be missed: Effective communication and engagement across the organisation. This case study outlines the development of a digital asset management planning tool for water and wastewater networks to facilitate this in Mackay Regional Council, Queensland. The planning tool is fully interactive and allows a simple overview of the state of the asset portfolio (quantities, replacement costs, age), its asset health, criticality and current risk level. The digital tool uses a novel approach that combines satellite, geospatial and client-owned data with advanced AI (artificial intelligence) to provide a validated asset health profile across the pipeline network.
Future deterioration and asset risk is modelled over a planning period together with planned interventions for maintenance and renewals. Outputs from the modelling are then visualised in a dashboard tool that is fully interactive and transparent. The digital planning tool allows asset owners to effectively engage stakeholders, communicating investment needs at all levels, from board/executive to field crews and the community.
Read the full article in The Asset Journal, June 2024.
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