Table of Contents

8.2 Optimisation

Doing asset management well means:

  • having the right processes for investment planning and prioritisation
  • making the right trade-offs between maintenance and capital expenditure
  • being able to successfully balance the costs of providing the service against the risks to loss of service.

Two approaches to optimisation are described in this section:

  • making trade-offs across the three dimensions of service, risk and cost
  • a framework which ‘values’ the relative benefits that different solutions offer.