Benefits of Predictor
Objective: Gain an understanding of the benefits provided by Predictor.
Asset Performance Models have been developed and finessed by Local Governments for decades. Time and again experience on proven sites has shown that when models are robust and representative, outputs 'make sense'.
To achieve this, models have to be based on localized and pragmatic rules of prioritization, asset performance, and treatment optimization.
Predictor is an industry first tool originally developed from a Local Government perspective and further developed to be able to handle any asset class across many industries. Over 500 models have been successfully developed in Predictor through extensive site testing.
- At the strategic level, Predictor provides the perfect platform to demonstrate whole of life costs.
- At an operational level, Predictor provides the perfect defence for needs-based budgets.
- At the project level, Predictor provides the perfect solution to develop capital works programs.
Predictor answers the following types of challening questions:
- What level of service will we be providing and have we considered affordability?
- What do we own and how does it align with the level of service?
- What is the present condition and capacity of our infrastructure?
- What level of funding is required to deliver the desired level of service?
- What level of funding is needed to keep providing a satisfactory Level of Service?
- What is the mix of funding – what are the different Capital Treatment Options?
- What will we expect to achieve for a set funding scenario?
- What is our project level CAPEX plan for renewal and upgrade works?
