Kapati Coast Criticality - A Framework for First Things First
Annual Conference
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With the next round of Local Authority asset management plan updates underway, there is an ever increasing focus on the financial prudence and robustness of decision making processes used to develop future budgets.
As an industry, we make decisions about prioritising every day. Historically we used previous experience and judgment to establish and prioritise by balancing a complex range of variables. Today we have a wealth of geo-spatial information with powerful processing capabilities which we can use to inform our decision making.
This criticality framework provides a consistent approach to assessing the comparative impacts on people and the environment caused by the failure of an asset and loss of its function.
The framework has being applied to the water supply, wastewater and stormwater assets in Kāpiti. It will be used to prioritise inspections and investigations, refine operation, maintenance and renewal strategies, identify high risk information gaps and increase confidence in programming of works.
This paper is for anyone who is interested in improving the confidence in and precision of their expenditure prioritization and programming