The Financial Asset Valuation module forms the main tool in formulating the rehabilitation plan. Its main uses are:
- Minimize the costs of asset ownership –asset ownership accounts for the bulk of all costs. Any significant reduction in such costs means major savings.
- Maintaining required service levels – even though asset management reduces costs, it also improves reliability by emphasising detailed attention to assets, and by monitoring the condition of assets and their maintenance costs, resources can be better allocated to where they’re needed.
- Sustaining the infrastructure. By monitoring each element’s individual deterioration curve, the system also provides risk-of-failure analysis; and by determining the total ownership costs over the life of the asset, the system can help optimize network life-cycle costs giving the necessary input required towards formulating a sound asset management programme for both short-term (maintenance) and long-term (refurbishment and replacement) horizon.
- Financial reporting: Utilities/ Municipalities are often obliged to prepare asset registers in accordance with the relevant standards in support of the Statement of Financial Position. One of the key requirements of the accounting standard for Property, Plant and Equipment is that the register must have complete coverage of all the facilities that are under the control of the municipality, and data must be reflected at component level. Besides maintaining an accurate register of network elements and their physical and performance attributes, the system also enables financial values to be assigned to elements so depreciation of network assets can be analysed.
Fixed Asset Management Modules – main features & more information
The table below lists the different modules of the EDAMS Fixed Asset Management (FAM) system.
|Code||Name||Brief description||Read more|
|EDAMS Fixed Asset Management (FAM)|
|FAM-CCTV||Sewer Visual Inspection (CCTV)||EDAMS Rehabilitation (Sewer Visual Inspections (CCTV)) 2.5|
|FAM-FINA||Financial Asset Valuation||EDAMS Fixed Asset Valuation 5.0|
|FAM-PMS||Pavement Management System (PMS)||EDAMS Asset Management (Transportation) 5.0|
|FAM-REH||Technical Rehabilitation Management||EDAMS Rehabilitation Management (Technical) 1.0|