Strategies for Transparent Communication of Asset Condition

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Strategies for Transparent Communication of Asset Condition Information

Introduction

Effective communication of asset condition information is crucial for informed decision-making among diverse stakeholders in infrastructure management. Whether conveying data to executives, regulators, or the public, clear and straightforward strategies are essential for fostering understanding and facilitating asset investment.

Communicating sewer pipe asset condition is challenging because of the technical complexity and the abstract nature of underground infrastructure.

Tailored Reports for Executives and Decision Makers

Detailed Reporting VAPAR

Executives often need a high-level overview that quickly communicates the status of critical assets without going too far into technical details and risk drowning out the core message. 

Understanding what the core metrics that asset management executives and decision makers care the most about will the best place to start when developing any visual aids to support your case. Linking summaries back to detailed analysis can provide a quick proof point for an Executive to understand the data underlying any of the salient points. 

Providing concise summaries of asset conditions, focusing on key performance indicators and potential risks, ensures that executives can make informed decisions as quickly as possible. Utilising custom dashboarding platforms like Microsoft’s Power BI (or similar technologies) allows for compelling visual representation of vast datasets that would otherwise be difficult to understand quickly.

Detailed Documentation for Water and Wastewater Regulators

Regulators require comprehensive information to assess compliance and make regulatory decisions. Water and wastewater regulators are tasked with deciding whether or not rate payers are getting value for money on their rates. Sometimes, the outcome of a regulatory review is that rate payer payments to water authorities will change. If that happens, the documentation that facilitates this would need to be compelling and comprehensive. 

Some ways that this can be done through documentation is by clearly outlining the proposed methodologies, criteria, and any deviations from standards. Providing a history of asset condition changes over time helps regulators understand the evolving nature of infrastructure and the measures taken to address issues. This detailed documentation not only facilitates regulatory compliance but also builds trust with regulatory bodies.

There are many examples of previously submitted regulator documentation publicly available on their websites, some of which have been accepted or rejected, such as those submitted regularly to the UK water regulator (OFWAT). Reviewing submitted documentation (regardless of outcome) would be a great way to understand the level of detail required, and the main themes that regulators care the most about.

Interactive Data Platforms

Providing Training VAPAR

To enhance stakeholder engagement, consider implementing interactive data platforms. Online dashboards or mobile applications that allow stakeholders to access real-time asset condition data, view trends, and explore relevant information empower them to be active participants in the decision-making process. Interactive platforms make it easier for stakeholders to grasp the complexities of asset conditions and actively contribute to discussions.

As with the reporting recommendations for executives and decision-makers, the messaging and summaries are important. Tools like Microsoft’s Power BI, various GIS software and Tableau (amongst many others) are a great way to quickly update your stakeholders. These tools can provide fast, dynamic reports that update in real-time. 

Training and Education Programs

Ideally, you’ve found a way to represent your business case and data in a way that makes sense to your audience. In some cases, there will be times where the subject matter requires a little more assumed knowledge.

Investing in training and education programs for stakeholders helps bridge the knowledge gap and ensures a more informed discussion. Workshops, webinars, or training sessions can provide valuable insights into asset condition assessments, enabling stakeholders to ask questions and make informed decisions based on a solid understanding of the data presented. 

To create effective workshops for people outside the required field of expertise:

  • Make it accessible – Create an environment that encourages participation by ensuring accessibility, using plain language, and incorporating interactive elements to accommodate varying levels of data literacy.
  • Make it hands-on – Facilitate engagement through practical exercises, allowing participants to apply data concepts in real-world scenarios, reinforcing learning and making the workshop more interactive.
  • Tell a story – Telling the human story behind the data will help participants appreciate the findings effectively and making any complex information more relatable and understandable.

Conclusion

VAPAR Water Industry Leaders

Transparent communication of asset condition information is essential for effective data-driven decision-making and building trust among executives, regulators, and the public. By tailoring reports to the needs of each stakeholder group, utilising consistent communication channels, embracing interactive data platforms, and investing in education initiatives, infrastructure managers can ensure that their asset condition information is accessible, understandable, and contributes to the overall success of their projects. Transparent communication not only satisfies regulatory requirements but also fosters a sense of community engagement and shared responsibility for the sustainable management of critical infrastructure.

About the Author

 

As VAPAR’s CEO, Amanda co-founded the company with a vision to bring emerging technology into the Asset Management space and revolutionise the way infrastructure is tracked, repaired, and maintained.

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