conceptmaps.io

Welcome to conceptmaps.io :)

You can browse all the published concept maps without signing in. If you'd like to create your own concept maps, all you have to do is sign in with Twitter. It's free!

This is a summary of the key concepts in this map. You might also like to view the map in its entirety.

Concept Map » Infrastructure Asset Management changes

The goal of infrastructure asset management is to meet a required level of service, in the most effective manner, through the management of assets for present and future customers. IIMM

Diagram print toggle size

Concepts

An organisation responsible for providing a service.

  1. Local Authority is a Service Provider
  2. Service Provider provides Service
  3. Service Provider uses Asset

The defined service quality for a particular activity (i.e. roading) or service area (i.e. streetlighting) against which service performance may be measured. Service levels usually relate to quality, quantity, reliability, responsiveness, environmental acceptability and cost.

IIMM

  1. Asset has Target Level Of Service

The defined service quality for a particular activity (i.e. roading) or service area (i.e. streetlighting) against which service performance may be measured. Service levels usually relate to quality, quantity, reliability, responsiveness, environmental acceptability and cost. IIMM

  1. Asset has Current Level Of Service

A physical component of a facility which has value,enables services to be provided and has an economic life of greater than 12 months. Dynamic assets have some moving parts, while passive assets have none. IIMM

An asset is an object (physical or intangible) that has an identifiable value and a useful life greater than 12 months, that is or could be used by the entity responsible for it to provide a service. LGAM

Asset - An item with an independent physical and functional identity and age, within a facility (e.g. pump, motor, sedimentation tank, main). Asset - Service potential or future economic benefits controlled by entity as a result of past transactions or other past events. DERM

  1. Asset has Condition
  2. Asset has Current Level Of Service
  3. Asset has Target Level Of Service
  4. Asset has Value
  5. Asset is subject to Risk
  6. Service Provider uses Asset

Asset condition is a measure of the health of an asset. LGAM

  1. Asset has Condition

An organisation such as a Local Council that is responsible for the management of infrastructure assets in a defined local area.

  1. Local Authority is a Service Provider

A risk is the probability of a failure of an asset as a result of the occurrence of a hazard. There may be a resulting cost associated with the risk.

  1. Asset is subject to Risk

A system supplying a public need such as transport, communications, or utilities such as electricity and water.

  1. Service Provider provides Service

The current value of a non-current asset of a local government is the loss that it would incur if it were deprived of the asset’s utility (or service potential). (Synonymous with ‘deprival value’.)

DERM

  1. Asset has Value

Collaborators

This concept map is owned by jimmyjazz68

Other users collaborating on this concept map:

  1. haruki_zaemon