Asset Management Business & Financial Modeling
The ability to leverage analytics against asset data to support capital investment planning and long-term funding/budget decisions with real-world evidence is an important benefit of any asset management program. KCI provides clients with the keys to unlock the full business potential of asset management through the following analytic and planning-related services:
Capital Planning
A Capital improvement plan (CIP) for asset renewal/replacement is critical for the long-term sustainability of any asset system (water/wastewater network, transportation system, etc.) or facility. Our team offers the following analytic and consultative services to enhance and support clients’ capital planning processes and decisions:
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Budget Scenarios
When it comes to setting annual budgets, changing rates, or budgeting for longer-term capital improvements, plans backed by data and evidence are more impactful and defensible. Our experienced staff will analyze and present budget alternatives based on a thorough understanding of the client’s asset inventory, asset lifecycle costs, organizational capabilities, and goals. Leveraging all available data, our team will also assist with prioritizing projects and translating those priorities into defensible budget recommendations and long-term funding plans.
KCI can also assist clients in evaluating proposed rate changes, or rate setting alternatives in the context of balancing asset management goals and service delivery commitments against asset risks, costs, and available budgets.
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Lifecycle Analysis
The life cycle cost (LCC) of an asset is the total cost of owning, operating, maintaining and disposing of the asset over its entire service life. The purpose of lifecycle cost analysis is to evaluate and project all the costs associated with each phase of an asset’s lifecycle in the context of alternative asset maintenance and renewal/replacement strategies. The overall goal of any lifecycle cost analysis is to choose an asset management strategy that reduces the overall cost of an asset over its service lifetime. Lifecycle cost analysis enables planners and asset managers to make evidence-based management decisions about when it is more appropriate to maintain an asset and when it is more appropriate to replace the asset as part of a capital investment program. As such, lifecycle cost analysis is critically important for “smart” capital planning and budgeting.
KCI offers full lifecycle cost analysis for any asset. Our experienced staff works with clients to identify the lowest-lifecycle-cost management alternatives given the client’s unique capabilities, goals, and budget.
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Smart Dashboard
Part of monitoring an asset management program is developing performance metrics and displaying them on a dashboard. Detailed reports can be developed to provide the background behind the items displayed on a dashboard.
KCI offers services to build intelligence into client dashboards to be able to monitor asset status and program progress. Our team works with clients to identify which metrics are most valuable to display on a dashboard and implement the dashboard.
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Long-Term Funding Plan
Asset management is a strategic approach to managing physical assets to deliver a desired level of service at the most appropriate cost and with an acceptable level of risk. To ensure the financial resources are available to meet your organization’s goals, a long-term needs forecast can help prepare you financially. Understanding the long-term needs of the system can help determine an affordable balance between operating and capital expenditures. KCI can help you generate short, medium, and long-term funding requirements that are sustainable and predictable.
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