Background

Situation

Since 2018, Fors has initiated activities to promote an Asset Management approach in the operation, maintenance and investments in the physical facilities.

Challenge

Fors wanted to work and collect data in a structured way that supports planning and preparation of reinvestment plans.

Purpose

The purpose of the project was to provide an overall picture of the technical and financial needs for reinvestment in the short and long term, and to design and implement the supporting processes that ensure the realization of the plan.

Approach & Results

Initially, Fors' data collection structure was examined and data requirements were established. Based on these, collection templates were developed and tested. Together with Fors, A-2 conducted technical and financial data collections and workshops to quality assure and validate risks. A-2 developed and analyzed scenarios that resulted in a plan for reinvestment scenarios to ensure internal and political decision support. A-2 developed and started the implementation of processes for data collection and establishment of reinvestment plans, governance structure for data collection and analysis tools for strategic decision support.

A structured approach to Asset Management

With support from A-2, Fors created an overview of their assets in an easy and structured way, calculated their reinvestment needs in the short and long term, developed a generic analysis tool for strategic decision support, described and started implementing processes for translating reinvestment needs into concrete plans and permanent updates of the plan basis.

Fors established a governance structure for reinvestments and thereby optimized their approach to asset management.