Tag: Lifecycle Costing

Asset Management – Maintenance & Lifecycle Costing

Today, John Jackman, P.E. and David Wheeler, E.I.T. continued our series discussion on Asset Management highlighting Maintenance and Lifecycle Costing tasks. Covered in this presentation are the basic principles of maintaining assets as well as how to determine the lifecycle cost of those assets. Presented are project examples of maintenance programs used by various municipalities as wells as the information necessary to start adding lifecycle costs to the Asset Management Program.

Asset Management – Condition Assessment

Today, John Jackman, P.E. and Ben Horner, P.L.S. continued our Asset Management Series with a discussion on Condition Assessment. This presentation covers the differences between inspection and assessment; the benefits of knowing the condition; basics to developing a standard condition assessment; and estimating the existing useful life of various assets. Presented are examples of standard condition forms as well as our use of these forms to complete condition assessment for our clients.