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Financial forecasting and planning for canals

WCC Scotland
September 19, 2016

Financial forecasting and planning for canals

With increasing pressure to manage assets within a finite and often shrinking budget, we will look at how asset information can be analysed and used to forecast and plan your works.

WCC Scotland

September 19, 2016
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  1. www.wcc16.com #WCCSCOTLAND A Unique Asset • Asset value of c.£1.75bn

    • Over 3000 assets • 137 miles of waterway • 92 Listed Buildings • 2 Kelpies and 1 Wheel • Scheduled Ancient monument • 22 sites of special scientific interest (SSSI) adjacent to the canals
  2. www.wcc16.com #WCCSCOTLAND History of Scottish Canal Construction 1790 – F&C

    Canal opened 1801 – Crinan Canal opened 1843-49 - Poor construction of Caledonian Canal forced closure 1822 – Union and Caledonian Canal opened 1933 – Union Canal closed to commercial traffic 1963– Rights of navigation extinguished for Lowland Canals 1998 to 2002 ‘Millennium Link’ restoration of the Lowlands 2012 – Scottish Canals founded
  3. www.wcc16.com #WCCSCOTLAND Key Drivers for Asset Management • Demonstrable decision

    making process • Ageing protected historic asset • Increase in visitor numbers • Provision of a safe environment • Ability to plan and predict our future position • Need to secure future funding levels
  4. www.wcc16.com #WCCSCOTLAND IBS: ISO 55000 Approach ‘A long term strategy,

    emerging as a model of Asset Management excellence’
  5. www.wcc16.com #WCCSCOTLAND Asset Management System Asset Management System Asset Data

    Strategic Prioritisation Maintenance Delivery Replace/ Refurb WLC Modelling
  6. www.wcc16.com #WCCSCOTLAND Asset Data Scottish Canals Asset Inspection Procedure (AIP)

    Principal & Non Principal Assets Hierarchy of Inspection Optimised Inspection Cycles Graded Serviceability Grade – 1 to 3 Condition Grade – A to E Consequence of Failure Grade – 1 to 5
  7. www.wcc16.com #WCCSCOTLAND Data Management - AMX • Asset Register –

    3000+ assets • Location/Condition etc • Inspection Programme • Defects • Maintenance Programme • Risk Analysis • Links to Documents • WLC
  8. www.wcc16.com #WCCSCOTLAND Asset Management System Asset Management System Asset Data

    Maintenance Delivery Replace/ Refurb WLC Modelling Strategic Prioritisation
  9. www.wcc16.com #WCCSCOTLAND Asset Management System Asset Management System Asset Data

    Strategic Prioritisation Replace/ Refurb WLC Modelling Maintenance Delivery
  10. www.wcc16.com #WCCSCOTLAND Asset Management System Asset Management System Asset Data

    Strategic Prioritisation Maintenance Delivery WLC Modelling Replace/ Refurb
  11. www.wcc16.com #WCCSCOTLAND Asset Management System Asset Management System Asset Data

    Strategic Prioritisation Maintenance Delivery Replace/ Refurb WLC Modelling
  12. www.wcc16.com #WCCSCOTLAND 0 5 10 15 20 2012 2013 2014

    2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Fixed Costs Planned Maintenance Minor Works Major Works (Back Log) Replace/Refurbish % Increase BEAMA - 'Contract Price Adjustment Dec 2015 Construction Repair and Maintenance Rate +1.04
  13. www.wcc16.com #WCCSCOTLAND 0 10 20 30 40 2012 2013 2014

    2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Fixed Costs Planned Maintenance Minor Works Major Works (Back Log) Replace/Refurbish Back Log Failure Planned Repl Failure % Increase BEAMA - 'Contract Price Adjustment Dec 2015 Construction Repair and Maintenance Rate +1.04
  14. www.wcc16.com #WCCSCOTLAND Strategy Development Unplanned No Demonstrable Frame Work Process

    Driven – risk based system (AMX) Bedding in – BAU Value Driven System