Managing your airport assets through TCO technology and best practices
Upfront planning and design-level decisions set the tone for proper asset management and a full understanding of total ownership costs.
Airport assets, both new and aging, are managed over multiple departments with many different tools and standards for maintenance. Oftentimes, those assets were built during the high-growth era, and are now quickly approaching the end of their useful life. As a result, many U.S. airports are either retrofitting their facilities while incurring very high capital replacement costs or are currently suffering under the highest possible level of ongoing operating costs.
These challenges are driving the industry to shift towards active asset management of total cost of ownership (TCO) to improve procurement decision making and the use of both capital and operating funds. Fortunately, TCO, which considers the life-cycle costs, is well developed in other sectors such as manufacturing, computer and software, transportation and water. TCO is now quantifiable, not theoretical, in these industries and many lessons and tools can be adopted and modified by airport decision makers.
CH2M is conducting an Airport Cooperative Research Program (ACRP) to bring asset management and TCO technology and best practices together in one place for the aviation industry. This research will establish a “systematic view” of asset procurement and ownership—closing the gaps. We believe that upfront planning and design-level decisions set the tone for proper asset management and a full understanding of total ownership costs. The ACRP project duration is 18 months. It will start in the summer of 2015 and will be completed by winter of 2016.