• Wrong document? Swap it for free
  • Written by students who passed
  • Immediately available after payment
  • Read online or as PDF
Sell
Where do you study
Your language
Document preview thumbnail
Preview 2 out of 7 pages
Exam (elaborations)

CIV1281H - Asset Management: Frameworks and Processes Final Exam

Document preview thumbnail
Preview 2 out of 7 pages

Exam of 7 pages for the course CIV1281H Asset Management at U of T (N/A)

Content preview

CIV1281H Asset Management


Individual Report – Redefining Urban Projects in the (Smart) City




Name:

Student Number:

Email Address:

, Introduction
This report will first explain the history of the asset management revolution in Ontario and
emphasize the difference between the Level of Service (LOS) and traditional condition
measurement. Second, it will provide an overview of the King street transit priority corridor and
the Town of Innisfil’s experiment with the public transit replacement. Third, it will illustrate the
LOS criteria table for these two projects discussed above, including service goal, customer level
of service, and technical level of service. Lastly, it will compare the suggested LOS criteria to the
current status of the two projects to provide a more thorough explanation for the strategy
matrix.

Q1: History of Asset Management Plan in Ontario
The municipal Asset Management(AM) journey was somehow enforced to start in 2012. The
Ministry of Infrastructure(MOI) announced that the municipality's future funding has to bond
with the established asset management plan. Each municipality should adopt a different
strategy due to its size and allowable resources. The LOS is the widely recognized guidance for
each municipality to explore to set up their capital planning. (Piryonesi,2020)

In 2017, the provincial government introduced the AM standard to the municipalities,
containing four significant aspects: condition assessment, LOS, life cycle study, and the
emerging climate change problems. This industry standard helps every municipality in Ontario
develop its AMP, showing the higher-level policy maker's commitment to effectively helping
subordinates tackle the current deteriorated infrastructure stats. (Piryonesi,2020)

The resource constraints and lack of talent are the most common barriers for the small
municipality. The collaboration between each small municipality and external experts from the
AM consulting industry would be a workable solution for these obstacles. (Piryonesi,2020)

Moreover, the leading technology for data collection systems and AM applications is the AM
industry's game-changers, such as Building Information Modeling(BIM), Geographic Information
systems (GIS), and automated drone. It can improve the accuracy and efficiency of the data
collection and interpretation to predict the deterioration rate of the asset inventory based on
an extensive database. (Piryonesi,2020)

Document information

Study
Uploaded on
March 24, 2023
Number of pages
7
Written in
2022/2023
Type
Exam (elaborations)
Contains
Questions & answers
$10.99

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Sold
3
Followers
2
Items
44
Last sold
1 year ago



Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can immediately select a different document that better matches what you need.

Pay how you prefer, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card or EFT and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions