Whole-Life Value-Based Decision-Making in Asset Management is a comprehensive guide to improving the effectiveness of infrastructure asset management by determining the level of expenditure on infrastructure assets in order to maximise life-cycle value.
Using clear and concise examples, this book provides detailed guidance for making whole-life asset management decisions based on value rather than cost.
This best practice guide aims to aid asset management decision-makers to understand better the value generated by assets and the risks associated with this in order to make better informed decisions, and to also have a deeper understanding of the impact of their decision.
Whole-Life Value-Based Decision-Making in Asset Management:
• delivers a systematic method to map the value generation process
• supports stakeholders in making asset management decisions
• provides guidance to make a decision framework based on value
• illustrates its applicability through industrial case studies such as seepage in London Underground tunnels.
Part of a series of best practice guides written by experts at the Cambridge Centre for Smart Infrastructure and Construction (CSIC), this value-based tool addresses the challenges of managing current ageing infrastructure by determining the type, level and timing of investment required so that assets can meet current and future demand.
Also in this series: