Asset needs analysis

Infor Public Sector's asset needs analysis tools help you make long-term maintenance plans for your assets.

You can use these tools to determine which maintenance and rehabilitation activities are likely to be required for a group of assets, when those activities would be most beneficial, and which are the most cost-effective.

Asset analysis uses inspection indexes to represent the condition of your assets. These indexes are typically calculated based on the results of asset inspections, but they can also be added or updated manually using the Life History tab of the asset InfoViewers. Each index can also have a formula to select a predictive curve, which is used to project the deterioration of the index value over time.

Index values can also be recalculated based on completed work orders. Each work order activity can have one or more affected indexes associated with it. For each affected index you can enter a formula to calculate the improvement in the index value based on the completion of a work order.

Needs analysis is based on decision models. A decision model applies a series of tests to each asset in an analysis run and recommends one or more maintenance activities for the asset. The analysis also indicates the year that an activity should be performed, the estimated costs, and the benefit-cost ratio. If multiple activities are indicated, the results are prioritized based on the benefit-cost ratio.

Depending on your system configuration, Infor Public Sector might recommend multiple activities for an asset in a target year, or it might only recommend one activity per asset. This is controlled by the Allow Multiple Results Per Target Year attribute in the AssetManagement configuration.

Assets may also be rejected by a needs analysis run. For example, an asset will be rejected if the decision model fails to reach a result, or if the target year for the selected activity is beyond the range of the analysis period.

After your agency determines a list of recommended activities, you can use the information to finalize a budgeting plan to keep your assets in the most favorable condition for the amount of funding available. You can also determine which maintenance activities are not necessary, and which assets are near the end of their usable lives.

Note: Asset needs analysis uses the Batch Manager, so the Batch Manager must be installed and running. If you're using a stand-alone installation of the Batch Manager, it is important to note that Infor Public Sector adds assemblies to the Enhancement folder for the formulas that you define in your decision models. Be sure to keep the Enhancement folder in your Batch Manager directory in sync with the Enhancement folder in the Infor Public Sector application directory.