Mobile Software
Our applications offer assessment capabilities for each asset class, providing a user-friendly solution for assessors who have traditionally relied on paper-based methods. With the use of the apps, assessors can securely record asset information in the cloud, ensuring accessibility for future use.
Key features of the apps include:
Identifying criticality and risk associated with each asset
Documenting photographs
Recording asset component condition and defects
Planning maintenance programs
Mapping assets on Google Maps with color-coding based on risk
Monitoring assessment progress and managing bridges via a dashboard
Developing the asset register
Compatible with IIMM, IPWEA guidelines and ISO 55000
This innovative software is designed to be accessible to authorities of all sizes and individuals such as inspectors.
We can also customise the apps to suit your specific needs.
For more information, feel free to reach out to us. #PredictivePower #AssetManagementRevolution #AussieInnovation
Predictive Analytics
Get ready to revolutionise the way you manage your assets with our cutting-edge predictive analytics software! This isn't just any old tool; we're talking about a game-changer that's set to take the Aussie market by storm. Imagine having the power to use trigger point analysis to model the impacts of maintenance and capital activities on your assets. It's like having a crystal ball for your asset management!
Whether you're in Sydney, Melbourne, or out in the bush, our software will give you the insights you need to make smarter decisions, reduce costs, and boost efficiency. Don't miss out on this ripper opportunity to stay ahead of the curve. The future of asset management is here, and it's brighter than ever with our predictive analytics software! 🌟🚀🔍
#PredictivePower #AssetManagementRevolution #AussieInnovation
This software will be priced for any authority to use, big or small. For further details, please do not hesitate to get in touch with us.
Coming in 2024...
Capital Evaluation Framework
We've developed a comprehensive capital evaluation framework to assist our clients in effectively prioritising their capital program. This framework encompasses a variety of activities, such as project go/no-go decisions, project justification, consequence evaluation of not undertaking the project, financial analysis, cost benefit analysis, and project ranking.
The primary objective of this framework is to establish a thorough process for identifying and prioritising capital projects, considering the life cycle costs involved, and providing decision-makers with a tool to align capital projects with policy. It takes a holistic approach to project costing, considering social, environmental, financial, strategic, and revenue benefits, both tangible and intangible. Additionally, we utilise a risk-based approach to project evaluation.
For further information, please don't hesitate to contact us.
Just released Asset Insight, the first Australian infrastructure asset management GPT
Background
In the rapidly evolving field of infrastructure asset management, the need for advanced, user-friendly tools has never been greater. Recognising this, a groundbreaking initiative led to the development of "Asset Insight" – the first-ever Global Professional Tool (GPT) designed specifically for the realm of infrastructure asset management. This innovative tool is tailored to bridge the gap between complex asset management principles and the diverse range of professionals who interact with them, from novices to seasoned experts.
The Development of Asset Insight
Asset Insight was born out of a collaboration between asset management professionals and AI experts. It integrates the latest advancements in artificial intelligence, particularly in the field of natural language processing, with the nuanced and specific requirements of infrastructure asset management. The GPT's design adheres to Australian English conventions, adding a familiar touch to users in that region while maintaining global applicability.
Benefits of Asset Insight
1. Accessibility: Asset Insight's casual and friendly tone makes it approachable for individuals at all levels of expertise. Whether you're a beginner trying to grasp the basics or an experienced professional seeking in-depth analysis, this tool is designed to cater to a wide spectrum of needs.
2. Customised Learning: Users can receive explanations tailored to their understanding level, helping to demystify complex concepts in asset management. This personalised approach enhances learning and comprehension.
3. Efficiency: By providing quick and accurate responses, Asset Insight saves users' valuable time. It's like having an expert by your side, ready to answer any query related to infrastructure asset management.
4. Educational Tool: Beyond just answering queries, Asset Insight serves as an educational platform, enriching users’ knowledge base through interactive engagement.
Practical Applications
- Decision Support: For professionals making critical decisions in asset management, Asset Insight offers a quick reference guide and a sounding board for ideas.
- Training and Education: Educational institutions and corporate training programmes can leverage Asset Insight as a supplementary tool to enhance learning experiences.
- Policy Development: Policy makers can utilise the tool to understand the implications of different asset management strategies and practices.
Conclusion
Asset Insight represents a significant leap in the field of asset management. By combining AI's cutting-edge capabilities with the specific needs of infrastructure asset management, it opens up new avenues for learning, decision-making, and policy development. As it continues to evolve, Asset Insight is poised to become an indispensable tool in the arsenal of asset management professionals and enthusiasts alike.
Risk Register Development
Odysseus-imc has developed tools that combine criticality for each asset group and then allow our clients to undertake risk assessments on their critical assets.
The outcomes of the risk assessments are then stored in the risk register. In calculating risk, the client will review the risk before and after treatment with the objective of undertaking a simple cost benefit analysis.
We provide a facilitation role that assists the client to readily identify their risks and the actions to mitigate the risks. Many of our clients have benefitted from this process to quickly understand their infrastructure risks.
Enigma
Enigma is a sophisticated high level renewal tool that allows the user to review the impacts of funding on the networks overall condition. It provides the outcomes of future capital and maintenance requirements based on the selected level of funding over a 25-year period.
The model takes into consideration the deterioration of the assets over time and the level of capital funding to identify the impacts on the condition of the asset portfolio. The model uses the current spread of maintenance expenditure across the condition range to identify the future maintenance requirements over the 25 years as the asset portfolio condition changes.
The primary output is an understanding of the:
Impact of the future funding on the asset portfolio’s condition over time.
Comparison of the funding against the "no investment" option.
Lifecycle expenditure requirement over the 25-year timeframe.
Trends in changes in condition every 5 years; and
Comparison of the asset portfolio condition against desired key performance indicators.
Unlike other models, this model provides instantaneous results allowing the user to undertake sensitivity analysis in a short period of time before deciding on the final funding strategy.
Optimised Decision Making
Our optimised decision-making tool has been used successfully on major projects involving a review of treatment options. The software is a spreadsheet that uses sophisticated Net Present Value analysis involving the following inputs:
Operations costs
Maintenance costs
Risk costs
Treatment costs
The software considers life extension, timing of analysis and failure curves to optimise the treatment options.