Asset Management Advisory, Technical Writing, Business Analysis

When Vic Track decided to refresh the asset management practices in its telco business, it turned to Innovative Thinking (IT) to conduct the analysis and develop the improvement roadmap.

Vic Track owns Victoria’s transport land, assets and infrastructure – and works to protect and grow the value of the portfolio to support a thriving transport system, and make travel and living better for Victorians. Its telco business provides telecommunications services using surplus railway network capacity in addition to supporting the train and tram communications networks. The telecommunications department required an uplift in its asset management capability and asked Innovative Thinking (IT) to develop a strategic asset management plan.

Our consultants reviewed the existing practices, systems and methods of asset management in the telecommunications group and identified the strategy to refresh both over a three-year period. Our approach included the following:

Maturity analysis

  • Fit/gap analysis of existing systems and processes

  • Organisational and functional alignment to enable the AMS

  • Alignment of the telecommunication’s groups business objectives to Vic Track corporate objectives

  • Review of organisational context and development of stakeholder profiles

  • Review of documentation requirements

AMS development

  • Development of the scope of the AMS

  • Development of the AMS roadmap

  • Definition of roles and responsibilities

  • Development of the communications plan

  • Development of the asset class categories

  • Development of the asset management plans

Information management

  • Review of information requirements

  • Analysis of AMS integration requirements

  • Assessment of information to support risk based decision making

  • A monitoring and measurement strategy

  • Strategic asset management plan development

We provided a strategic asset management plan that contained the system structure, objectives and scope of the AMS and a plan to introduce the system.