This white paper is about The SALVO Project and its innovative approaches to decision-making for the management of aging physical assets. Aging assets and how to manage them is perhaps the most important issue facing infrastructure asset managers across the world, with hundreds of billions of dollars of infrastructure re-investment estimated in the next 5-15 years. Making decisions on what to do and when, often with limited information, whilst optimizing the trade-off between costs risks and benefits presents a major challenge. Combining this challenge with constraints around funding resources and time to execute the projected workload and the problem would appear to be insurmountable.
This was an international cross industry R&D project, which saw a combination of leading edge asset owners and practitioners working together to establish best practice approaches to address key infrastructure asset management issues. Learn about the issues the project faced and the early conclusions of the project’s journey.
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