IMC-2020 Presentation 39:49 Minutes

by Laith Alfaqih and Andrew Burnham, Stantec

The current unprecedented times require real-time understanding of the financial and operational impacts of changing conditions and the ability to quickly evaluate options in order to take decisive actions in a climate of uncertainty.

Local government, utility managers, and leaders across industries do not have it easy. Why? Because they face the task of addressing complex challenges while meeting the growing need for inclusion and full disclosure. And the room for error is shrinking, budgets are tight, utility fees and tax rates are high, operational and maintenance costs are increasing, and infrastructure investments are increasingly urgent. Plus, these challenges are compounded by the fact that much of the infrastructure assets is aging and are reaching the end of their useful life.

The complexity is real: projects and programs must be prioritized, go and no-go decisions must be made, staffing and operational issues must be addressed and funded. Every need must be met within the constraints created by every other need. Given the tremendous reinvestment needs and limited availability of funds, the decisions around how best to deploy a community’s resources has never been more important.

To meet these financial challenges, the presenters will discuss the financial framework, methodology and tools to help enterprises address funding challenges in a strategic and cost-effective manner. It is understood that the success of any enterprise is often judged on how well it avoids financial turmoil while continuing to invest in its assets and delivering great service. Also, they will focus on helping enterprises developing and implementing a roadmap to respond to these financial needs. 

How? By:

  • Simplifying complex issues;
  • Maintaining a focus on core principles;
  • Making it easy to draw correct conclusions and communicate these decisions. 

Upcoming Events

August 9 - August 11 2022

MaximoWorld 2022

View all Events
banner
80% of Reliabilityweb.com newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
DOWNLOAD NOW
How To Reduce Reactive Work With Oracle Maintenance Solutions

How To Reduce Reactive Work With Oracle Maintenance Solutions

Studies show that a reactive maintenance job can cost 3 to 5 times as much as a planned and scheduled maintenance job. Many companies are struggling to transition from a Reactive maintenance operation to a Planned and Proactive operation.

Reliabilitytalk Coffee Break: EAM Masters Jay West and Israel Anderson, hosted by Terrence O'Hanlon.

Reliability Critical Motor Program

Reliability Critical Motor Program

Challenges: One of the biggest challenges is being able to recognize, diagnose and remedy an evolving motor problem to prevent an unexpected catastrophic event.

Right 10 Manage for Reliability: The 10 Rights of Asset Management

Right 10 Manage for Reliability: The 10 Rights of Asset Management

"When I talk to a manager, I get the feeling that they are important. When I talk to a leader, I get the feeling that I am important." Author Ramesh Gulati talks about Right 10, Manage it Right. The right people, the right robust process, the right breakthrough technology. 18:31 Minutes

Right 9 Dispose and Decommission for Reliability: The 10 Rights of Asset Management

Right 9 Dispose and Decommission for Reliability: The 10 Rights of Asset Management

Clutter hazards, environmental sustainability, safety, security (data) all part of Right 9 Dispose Decommission 1:45 Minutes