Today, nations manage their resources as dynamic assets and will maximize their values over their lifetimes. Asset management integrates the use and performance of resources or construction with the business requirements of the owners.
An asset evaluation quantifies the value and cost over the lifetime. The evaluation accounts for the required upfront investment and the inevitable uncertainties involved. The calculations must allow for unexpected events, unanticipated effects, and improved understanding of the system over the foreseeable lifetime. The approach provides an economic discipline for rehabilitation, maintenance, operations, and replacement decisions.
Our products serve to evaluate the current state of the assets and classify their critical components. Scientific measurements and monitoring produce predictive knowledge of the required maintenance, frame the limits of the uncertainty, and define the costs more accurately than statistics for other less deterministic data. Therefore, more money can go toward creating value of the asset rather than impounding funds for dubious risk.