Seqwater Seeks Asset Management Solution to Address “Operational Constraints”
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Seqwater’s Asset Planning Overhaul
Overview
- Seqwater is aiming to update its existing spreadsheet-based asset management framework.
- The agency oversees vast water infrastructure across South East Queensland.
- The new software is intended to improve decision-making, transparency, and reporting functions.
- Essential features sought after include scenario modelling, forecasting, and risk analysis.
- A selection regarding the new system is anticipated by February next year.
Challenges with the Current System
Seqwater, which manages water resources in South East Queensland, relies on a spreadsheet-based approach for asset and investment strategy planning. This method demonstrates “functional limitations,” especially concerning advanced modelling, integration, and reporting abilities.
Preferred Software Attributes
The agency is looking for software that enhances decision-making and transparency. Seqwater intends to consolidate various asset categories, including catchments and recreational facilities, into a unified system. The software should provide features such as scenario modelling, forecasting, lifecycle cost analysis, risk management, and comprehensive reporting.
Future Implementation Strategies
Seqwater aims to upgrade its investment planning procedures utilizing the new software, thereby fostering consistent and informed decision-making. The authority expects to complete its evaluation by February next year.
Conclusion
Seqwater is determined to modernise its asset management frameworks, transitioning from outdated spreadsheet systems to more advanced software solutions. This transition will facilitate improved decision-making and enhance transparency throughout its operations, which encompass a wide-ranging water infrastructure network in South East Queensland. With an impending decision, Seqwater is ready to transform its asset management capacities.
Q: Why is Seqwater in search of new software?
A: Seqwater is looking to address the shortcomings of its existing spreadsheet-based system, which does not offer advanced modelling, integration, and reporting capabilities.
Q: What key features does Seqwater seek in the new software?
A: Seqwater is interested in features such as scenario modelling, forecasting, lifecycle cost analysis, risk management, and effective reporting functionalities.
Q: When is Seqwater expected to decide on the new system?
A: Seqwater intends to reach a decision by February next year.
Q: What types of assets does Seqwater oversee?
A: Seqwater manages various assets, including dams, weirs, water treatment facilities, pipelines, and other resources within South East Queensland.
