Asset Management Strategy Services
When it comes to infrastructure assets, owners and operators achieve the greatest return on investment by managing costs and risk across the entire life cycle of their assets. A recurring challenge is to bring a “total cost of ownership perspective” that addresses the relationship among design specifications, lifecycle performance, preservation and maintenance requirements, and operating costs. Where the challenge is met, there are significant opportunities to reduce risk, reduce cost, and improve customer experience.
Parsons Brinckerhoff integrates technical excellence, financial management, and business knowledge to provide the management strategies and tools to optimize the life and value of infrastructure assets. We work with clients to prepare asset management plans; develop asset management strategies; establish service level indicators; conduct life cycle asset valuation, performance modeling and cost analysis; conduct condition assessment and monitoring; design maintenance and repair strategies; advise on asset management information systems; and monetize assets. Parsons Brinckerhoff’s asset management methodology, Lifecycle ViewTM, integrates the customer, operational, maintenance, design, and construction perspectives to improve infrastructure performance.
Partnering with infrastructure owners and operators to provide end-to-end support to deliver effective asset management, our team links operational, financial and technical elements to minimize lifecycle costs, increase productivity, and meet service expectations. For the Ministry of Transportation of Ontario, Parsons Brinckerhoff assisted in the development of an asset management business framework to identify the most appropriate investments for the Province’s $27 billion highway system. Parsons Brinckerhoff also assisted the New South Wales Department of Housing in the development of a 15-year portfolio of assets and business case that resulted in $1 billion loan from the NSW Treasury and Cabinet to implement its maintenance program.
Parsons Brinckerhoff helps clients improve the effectiveness of their assets by integrating management, engineering and financial decisions-making across the infrastructure lifecycle.