Many readers will remember the devastation caused by bushfires during Australia’s last summer. Our hearts broke at the loss of life, the destruction of our flora and fauna, and the ravaged townships. In response to this most recent disaster, as well as the floods at the same time in Northern Queensland, the Prime Minister directed the CSIRO to undertake an independent report into the ways in which governments and the community can work together to increase disaster and climate resilience.
Interestingly, for asset owners and operators, there is much value within the Technical Report regarding infrastructure assets. These important assets are, of course, not only limited to physical facilities, but include data, networks, and supply chains. Failures in one or more of any such asset will lead a breakdown in businesses and communities, reinforcing society’s reliance on them1.
Asset management should always consider risk and resilience of the assets owned and operated by the enterprise. These elements are underpinned by robust decision-making, communication, and engagement at all levels of the business. Within the context of government and publicly owned infrastructure assets, this is just as critical, given societal and economic reliance on the functioning of these assets.
For a downloadable copy of the full Technical Report, click here.
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