Renewal Planning
Renewal Planning is the process of deciding in advance the make up and timing of renewal works.
Inputs
Before a meaningful renewal program can be generated:
- Service levels need to be set.
- The condition of assets needs to be known.
- The relationship between condition and remaining useful life needs to be understood.
Renewal Gap Modelling
Renewal gap modelling is the process of comparing the expenditure needed to maintain an asset class in a given condition over a given time frame to the renewal funding allocated or projected to be available over that period.
Related Pages
- Asset Management Skills Matrix
- Asset Management Training Manual
- Maintenance Planning
- Renewal Funding Gap