Develop and implement an Asset or Infrastructure Management Plan.
An asset management plan (AMP) incorporates a systematic and coordinated set of activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, and risks and expenditures over their lifecycles. Typically, an AMP will take a whole-system approach, covering more than a single asset. An AMP is a framework being widely adopted as a means to achieve sustainable infrastructure and minimize the total cost of owning and operating this infrastructure, while delivering the desired service levels. Infrastructure asset management tends to focus specifically on the physical, rather than financial assets. Generally, an AMP covers the following areas: i) asset system description; ii) standard of service definition; iii) current asset performance; iv) planned actions; v) costs; vi) benefits; and vii) potential improvements. The benefits of asset management may include: • Prolonging asset life and aiding in rehabilitation, repair and replacement decisions through; efficient and focused operations and maintenance • Meeting consumer demands with a focus on system sustainability; • Setting rates based on sound operational and financial planning; • Budgeting focused on activities critical to sustained performance; • Meeting service expectations and regulatory requirements; • Improving responses to emergencies; • Improving the security and safety of assets; and • Reducing overall costs for both operations and capital expenditures. Experience from other industries shows that an AMP enables airports to do more with less and to make better investment decisions, align managers, decision makers, and workers to a common purpose. This results in solutions and decisions that result in the best economic, service level, and risk exposure outcomes, and improve flexibility to respond to changes in the regulatory and commercial environment. The forecast continued growth in passenger and cargo traffic indicates a continued long-term need for capacity expansion. Compounding this with the ongoing need to meet standards and manage aging infrastructure, there is an ongoing challenge for airport executives to secure funding and ensure financial and service-level sustainability in the long term. Airport management may therefore benefit from an overarching asset management framework to be able to respond to changes in the environmental, regulatory, and economic environment and to identify and manage the entire airport asset portfolio to continue to meet service level standards in the face of change.
Practice Information
| Capital Cost: | Very Expensive (>$500,000 US) |
| O&M Cost: | High (>$100,000 US) |
| Staffing Requirements: | High (>200 hours per month) |
| Reportability of Metrics: | Quantitative metric with baseline for comparison practices and is already tracked |
| Maturity of Practice: | Proven at multiple airports |
| Energy Reduction: | Decreases energy consumption |
| Environmental Benefits: | Moderate environmental benefit |
| Social Benefits: | Moderate social benefit |
Airport Characteristics
Categories
Case Studies
www.dfwairport.com
Dallas/Fort Worth International Airport
The Dallas/Fort Worth International Airport utilizes a robust, enterprise level asset management system to track and monitor significant assets. Detailed data is created for each asset, allowing the organization to manage preventative and corrective maintenance schedules and evaluate performance relative similar assets. Expenses associated with parts and labor are tabulated to evaluate total life cycle costs of particular assets, allowing the organization to make informed decisions on repair and replacement schedules and better optimize return on investment. An example of how DFW uses an enterprise asset management system can be observed in the tracking of fleet assets. Operating data such as miles driven or hours operated can be used to compare individual assets against the fleet average. Expenses associated with fuel, maintenance labor, and replacement parts can be combined to determine the operational cost per mile or cost per hour for individual assets. Efficiency of maintenance activities can be measured in terms of preventative versus corrective maintenance, parts versus labor, and timeliness of maintenance tasks completed. Visibility to this combined data set enables the analysis required to make long term operational and capital budgetary decisions with regard to repair and replacement of vehicle assets.
Hartsfield-Jackson Atlanta International Airport
Related Links
No related links for this practice, add a related link.
Documents
No documents found for this practice, add a document.
Comments
No comments found for this practice, add a comment.
