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The Role of Futureproofing in the Management of Infrastructural Assets

Masood, T.; McFarlane, D.; Schooling, J.; Parlikad, A.; (2015) The Role of Futureproofing in the Management of Infrastructural Assets. In: Dolan, T. and Collins, B., (eds.) International Symposium for Next Generation Infrastructure Conference Proceedings: 30 September - 1 October 2014 International Institute of Applied Systems Analysis (IIASA),Schloss Laxenburg, Vienna, Austria. (pp. pp. 145-150). UCL STEaPP: London, UK. Green open access

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Abstract

Ensuring long-term value from infrastructure is essential for a sustainable economy. In this context, futureproofing involves addressing two broad issues: i. Ensuring the ability of infrastructure to be resilient to unexpected or uncontrollable events e.g. extreme weather events; and ii. Ensuring the ability to adapt to required changes in structure and / or operations of the infrastructure in the future e.g. expansion of capacity, change in usage mode or volumes. Increasingly, in their respective roles, infrastructure designers/builders and owners/operators are being required to develop strategies for futureproofing as part of the life cycle planning for key assets and systems that make up infrastructure. In this paper, we report on a preliminary set of studies aimed at exploring the following issues related to infrastructure / infrastructure systems: • What is intended by the futureproofing of infrastructural assets? • Why and when to futureproof critical infrastructure? • How can infrastructure assets and systems be prepared for uncertain futures? • How can futureproofing be incorporated into asset management practice? In order to seek answers to the above questions, the Cambridge Centre for Smart Infrastructure and Construction (CSIC) has conducted two industrial workshops bringing together leading practitioners in the UK infrastructure and construction sectors, along with government policy makers. This paper provides an initial summary of the findings from the workshops (part presentation, part working sessions), and proposes a simple framework for linking futureproofing into broader asset management considerations. To begin, an overview of futureproofing and motivate the need for futureproofing infrastructure assets is provided. Following this, an approach to futureproofing infrastructure portfolios is presented that organisations in the infrastructure sector can use. Key barriers to futureproofing are also presented before examining the ISO 55001 asset management standard to highlight the interplay between futureproofing and infrastructural asset management. Finally, different ways by which an effective futureproofing strategy can enhance the value of infrastructure are examined.

Type: Proceedings paper
Title: The Role of Futureproofing in the Management of Infrastructural Assets
Event: International Symposium for Next Generation Infrastructure Conference (ISNGI 2014)
Location: International Institute of Applied Systems Analysis (IIASA), Schloss Laxenburg, Vienna, Austria
Dates: 30 September - 1 October 2014
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.ucl.ac.uk/steapp/isngi/proceedings
Language: English
Keywords: Infrastructure, Futureproofing, Asset Management, Resilience, Change Management Capability
UCL classification: UCL > School of BEAMS > Faculty of Engineering Science > STEaPP
URI: http://discovery.ucl.ac.uk/id/eprint/1469384
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