|The industrial and infrastructure sectors are seeing unprecedented growth. With growth comes risk and uncertainty and this session will focus on how Whole of Life forecasting improves capital investment, forecasting and asset management decisions.|
|Venue||Engineering House 447 Upper Edward St, Spring Hill, Brisbane , QLD|
|Date||Monday 25th July 2011 from 5:30pm|
|Non Members Cost||Free|
|Event Contact||Engineers Australia|
|Contact Phone||07 3832 3749|
|Downloads||ACES & AMC 25 July.pdf(30KB)|
The practice of estimating capital resource requirements and costs is well developed. The estimation of ongoing operations and maintenance costs and resources less so and in many cases engineers rely on outdated averages which at least can be misleading and at worst result in poor asset performance affecting business and community goals. This fact is regularly raised in Engineers Australia and government infrastructure reports.
Improvement in planning through the life of assets is considered so critical that the requirement to do so has been incorporated in government infrastructure guidelines
Discussion will centre on examples from real life work on mobile mining port and rail system assets (including locos, ore cars and below rail infrastructure).