Our preferred highly experienced structural engineer Robert Donnan at ARUP in Cairns, carries out inspections of physical assets, such as concrete building structures, facades, suspended floors, bridges, culverts, roads, HVAC equipment, and anything else which is then used to decide on preventative maintenance or remedial work to preserve an asset's value and extend its useful life. Application of a risk matrix based on consequence and likelihood as set out in standards of Risk Management AS/NZS 4360 is followed.

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Asset condition assessments can also involve continued monitoring of assets periodically, and using the data collected from those inspections to determine the condition of each asset. The analysis of detailed inspection data may show that an asset requires preventative maintenance, to ensure that the asset meets the expected useful life, thus ensuring the continued capability of the asset.

 

The condition grade scale of 1 to 5 is used as an internationally accepted rating system for categorising assets based on condition. The International Infrastructure Management Manual is often referenced in relation to the 1-5 scale, where 1 is ‘Excellent’ and 5 is ‘Very Poor’. If your organisation is using this scale, then you’re in good company.