In a world of complex supply chains, how can owners secure their assets against risks like climate change and disease lockdowns? By using the concept of resilience, owners can form strategic asset management plans, which balance the level of service required, against the cost of that service, while paying attention to all the risks faced: both by the asset itself, and by the supply chains it is part of.

In this episode, Shiv Iyer and Donna Huey explore how asset management experts can help owners methodically break down each of the risks they face. This approach can be used to bring together large groups of stakeholders, to understand how assets connect to the world around them. These can be modelled over decades, using simulation software from Atkins.

Owners can use resilience to inform their decisions about the location and design of new assets. It can also allow them to update their existing maintenance programmes to respond to new and changing risks, And it can help them win the confidence of insurers and bond ratings agencies.

Guests

Donna Huey, chief digital officer, SVP, Atkins US

Shiv Iyer, technical director, asset management, Atkins US

The post #209 Asset Management, Resilience, and Climate Change first appeared on Engineering Matters.