The CSIC Asset Management team is focusing on the development of decision support tools to further assist asset managers to make smarter and proactive decisions.
Read more about our value-driven approach and methodology
CSIC’s value-based decision-making tool
This tool helps to systematically determine how an asset contributes to the system’s value, how its condition can affect that value, and how the value can be managed by making the right decisions.
The table above explains how the value-based approach compares to the traditional, cost-based approach.
CSIC's information risk assessment tool
Our information risk assessment tool helps infrastructure owners identify gaps in asset information and determine risks posed by poor-quality information to their business objectives. This tool helps companies to develop an effective business case for data and information quality improvement initiatives.
CSIC’s tool allows infrastructure owners and managers to identify retention needs of asset information and assess the risk of information loss in the long-term due to a variety of challenges including deterioration of storage media, inaccessibility of different file formats and software applications.
CSIC’s Total Information Risk Management tool provides asset owners with the means of quantifying the risk they are carrying with respect to their information systems. Data quality issues, such as missing, incorrect, illegible, or inappropriate information, are systematically identified. These are then linked to the potential business impacts which may result from ‘bad’ information – ranging from the time lost in searching paper archives, through to incorrect maintenance decisions leading to failure.
Existing performance indicators can be used, allowing risks to be measured in currency, carbon, or time etc. Evaluating information systems in this manner allows the riskiest aspects to be identified, so that the benefits of investing in improvements (such as purchasing a new software system) can be quantified.
CSIC’s infrastructure futureproofing tool
This helps decision makers in systematic assessment and planning for future needs of infrastructural assets. A set of futureproofing criteria – identified through a series of workshops and engagement with our Industry Partners – is currently providing the guideline for infrastructure futureproofing.
This approach addresses the challenges in futureproofing infrastructure assets and systems against disruptions over the assets’ and systems’ long lifecycles.