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Session: Leveraging Asset Condition Data to Make More Strategic and Proactive CAPEX and OPEX Planning Decisions
Leveraging Asset Condition Data to Make More Strategic and Proactive CAPEX and OPEX Planning Decisions
There is a great need to periodically measure the condition of assets in order to inform strategic and proactive capital maintenance planning based upon quantitative data. Infrastructure condition assessments continue to be a major emphasis for the City and County of Denver’s capital program and is the means by which to drive good stewardship of its assets.
In February 2017, the City completed a comprehensive infrastructure analysis report (City and County of Denver Infrastructure Analysis) in partnership with Jacobs to facilitate capital planning and asset management. The 2017 analysis identified $789 million in deferred maintenance and provided the ability for the City to show the increasing need for reinvestment back into its assets. After the successful vote of the Elevate Denver General Obligation Bond, the City performed a re-baselining of the comprehensive infrastructure analysis which showed the total overall deferred maintenance backlog reduced from $789M to $432M. The Infrastructure Analysis allows for the City to provide a continual assessment of asset condition and funding levels for capital maintenance. In this session you will hear about Denver’s journey in leveraging asset condition data into information that was used to create change in how resources are allocated to strategically address capital maintenance needs.
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