Assess, plan & analyse with confidence: physical asset management solutions from SPM Assets in Australia.

Solutions:

Condition Assessments

Making it easy to identify, describe and assess your assets

Do you find it hard to collect accurate asset data quickly and efficiently?

Traditionally, the role of a property surveyor, inspector, and auditor has been to identify the work needed to bring the asset back up to standard or maintain the 'level of service' as defined by your organisation. Where this provides a good short term plan, it's challenging to use the data for other purposes. As the asset manager, you need to undertake asset condition assessments that provide for the immediate works programs, plus collect data that will be used for longer term lifecycle planning. The question then becomes, what data is needed to be collected, to what level of detail and what's the most efficient way to go about this.   

Common issues faced in asset condition assessments:

What does 'condition' mean?


It's important to separate condition (structural integrity of an asset) from how it performs, whether it's compliant, or if it's functional.

How to ensure consistency?


Using the NAMS Property guidance material and training inspectors well.

Which condition grading system to use?


Condition grade 1 (very good condition) to condition grade 5 (very poor condition). 

How can we extract the knowledge from our experienced people?


This is a key part of all Inspections - your people have great knowledge of the assets - structured interviews are a good way of ensuring this knowledge is captured.

Find out more

icon

Contact us now to get a FREE consultation on how to setup your condition assessment.

Contact us

Here's your condition assessment solution:

With thousands of assessments done over the past 20 years, this is what we know works well:

  1. Determine your business needs - these needs will drive the type and extent of the survey that's needed

  2. Evaluate software options - this is an 'asset information management' process that needs to start with data and end with data - choose the software before determining the condition assessment process. 

  3. Choose Inspect by SPM Assets - whether as a one off project or for your ongoing information management needs.

  4. Use an 'off the shelf' configuration or design your own setup - SPM Assets has many different templates to choose from which make it very easy to start the assessment process.

  5. Review and rationalise your existing data for use - existing asset registers are usually a very god start - make use of the existing data before collecting new data.

  6. Localise the templated component references to your specific environment - asset names, unit rates, criticality and useful lives should all be align with your local environment - for example, coastal locations could have lower useful lives compared to 500 km inland.  

  7. Run a pilot assessment over 3 to 5 days by an experienced inspector - this confirms your setup of the SPM Assets software will provide for your business needs - test the level of detail, time needed in the field, analytical results produced and the range of reports - tailor the process, the business needs and the setup as needed.

  8. Once the results of the pilot are confirmed, document the setup and train the Inspectors - ensure consistency by continually monitoring their process hourly and undertaking further training if needed.

  9. As part of the setup and pilot, write up a 'quality assurance' script - every survey project is different and the QA needs to check back to the business needs - is the right data being collected to the right level of detail.

  10. Assess data confidence at a component level - quantities measured, condition grading, unit rates, and economic lives. Report the overall data confidence of the project:

    • Completeness - percentage of the total number of assets that should have been identified - aiming for 90% 

    • Reliability - aligned with the skills and experience of the inspectors - could be from 70% to 100%

    • Accuracy - indicates whether component quantities have been guessed or measured

What progress should be made in 1 day?


Depending on the type of asset - allow for 700 m2 to 1,100 m2 per day per Inspector. 

Is there a general principle that should be followed?


Identify, describe and assess. 

What level of experience should the Inspector have?


 Depends on the business needs - start with a 'generalist inspector' and then add 'specialists' if needed.

What is the right level of detail?


Follow the templates provided by SPM Assets - these give guidance through the standard list of component names aligned with various industries. 

Time savings with SPM Assets software


When compared to paper based methods and spreadsheets, it's possible to half the time needed - considering the preparation, data entry, QA, analysis and reporting. 

Master database or tool?


Often existing corporate software will be the master database - use our software as your easy to use tool for condition assessments and maintaining the data over time. 

SPM Assets Inspectors


Experienced Inspectors are located throughout Australia. Experience is wide ranging from housing, hospitals to universities and corporate buildings.  

How will SPM Assets’ condition assessment solution help you in your role? 

  • Provide confidence that you are adopting the most efficient process and as a result reduce the time and costs.
  • We will work with you to confirm your business needs - with our experience across a range of industries, we know State Government, legislative and industry requirements. 

  • Inspectors can be mobilised within 2 to 3 weeks anywhere in Australia. 

  • Our involvement can be limited to a pilot study or right through to a full inspection of large portfolios. 

  • We can also simply provide you with the SPM Assets software for you to run your own inspections. We can then assist with recruiting and training local inspectors that can with be engaged by you or by us. 

  • With the SPM Assets software, your assets / inspection team will enjoy having an easy to use software application to help them do their job better. Reduce their time spent, improve accuracy, and allow them to more readily and share their tips and tricks with others.

  • Once the infield assessment is completed, all information is available immediately online for you to review, provide feedback, analyse and report.

  • You can share PDF reports with others in your organisation - the 'Property Summary Report' provides an Executive Summary style report at a building or site level.  

Inspect by SPM AssetsInspect by SPM Assets

 

Testimonials

I can and do refer many people to SPM Assets because it is the only affordable product on the market that provides exactly the function required by many organisations in the social housing sector. SPM Assets provides decision makers like myself and the Board some comfort knowing that there is a considered method behind the financial forecasting done by our assets and financial teams that is likely to be much more accurate than using historical data to project future maintenance expenditure. SPM Assets also informs our decisions around acquisition and disposal of assets instead of relying on the opinions of staff working in the asset management and maintenance roles.

Brett Hanna, Regional Housing
CEO

The prompt and willing support of all SPM staff, staff are willing to help no matter what the question/problem whether it is something simple or more complex. The willingness of SPM to keep abreast of technology and constantly enhancing the systems. The networking workshops which are available where users from various organisations can learn from each other as well as the updates from SPM staff on new innovations.

Annetta Purdy, Waikato District Council

I have always recommended SPM Assets to anyone that I believe can benefit from it. I particularly appreciate the prompt responses and professionalism shown by the team (especially Jose and Mitch). I look forward to our next meeting or conference in the near future.

Hiran Lala, Broadspectrum NZ

In the 18 months since we started our relationship with SPM, the key element has been the consistency of their commitment to the relationship. The SPM team has always found the time to invest into understanding our needs, assisting in our development, and reminding us of our inherent responsibility as asset managers towards our business stakeholders. Along with all the other elements, such as customer support, software and system development, etc., this deep sense of relationship loyalty is by far the most valued aspect of Panuku working with SPM.

Andre Fredericks, Panuku Development Auckland

Our understanding of the current state of our assets together with our future capital spending requirements has never been better. This gives us significantly increased confidence and peace of mind when we consider our capital planning and asset criticality, and our broader ability to derive maximum value from the assets we have. 

Brian Walden, Wanganui DHB/Mid Central Health Boards
CFO
Not only has the implementation of the SPM software greatly improved how quickly we are able to produce reporting on our estate, but we are now in a position to be able to undertake significantly more analysis of the available data and provide a more holistic view of its overall condition and lifecycle. Importantly, we have given the senior executive team more confidence in the information we are now able to provide, resulting in an increased budget allocation to address our backlog maintenance and strategic asset management planning.
Renee Inkster, University of Southern Queensland
The software application is specific with the end-user interface modifiable to individual needs. You can obtain core functionality for prudent asset management very easily.
Rob Ashley, Hauraki District Council
Senior management is starting to realise the power of the information we are collecting and are making use of it in our asset management.
Meg, Housing Choices Australia
Council has been extremely happy with support SPM Assets has provided over the years. Their expertise has allowed this Council to understand its assets better and this has resulted in a successful submission for the appropriate funds to manage our assets. We are now in control of our portfolio’s budgeting and starting to make a real difference to the communities we serve.
Phillip Sorbello, Cumberland Council

Find out more

icon_blue_mail

Request your free one-hour consultation

Country