Through it’s modern, spatially focused interface, Metrix manages and reports on Assets through their various stages of Lifecycle – from creation through interventions, and ultimate disposal.
Asset Intervention Treatments
Intervention Treatments in the Metrix Asset Management System provide the ability for users to store and manage unit rates and default useful lives for a variety of component interventions. In addition, any rationale used in determining the unit rate information for a given intervention treatment, may be stored as an attachment against that treatment for later reference.
The unit rate information and default useful life capacity of intervention treatments are pivotal to many of the predicted cost and consumption metrics within the system. When used in conjunction with the system’s Next Treatment logic, the intervention treatments provide for more reliable costing of impending capital works programs.
Live Cost Estimations separate from Capital Valuations
With an assigned treatment and up-to-date unit rates, the system will automatically recalculate the current estimated replacement cost of an asset component. Of course, this dynamic value is maintained with safe separation from any stated Capital Valuations. A component’s underlying cost units – equivalent to a quantity field – is combined with the treatment’s unit rate to calculate an estimated replacement cost.
Cost unit formulas can be defined to calculate an asset component’s cost unit value according to a user-defined algorithm based on the underlying attribute form and/or any defined smart attributes (such as spatial length or area).
This means that if an asset component’s spatial feature is adjusted or realigned, the estimated cost will reflect this shift in size – where appropriate.
Intuitive Remaining Life Calculations
The Metrix Asset Management System relies upon a component’s most recent intervention date as well as the stated overall useful life to calculate the residual life remaining at any given enquiry date. At any time, an authorised user can override the calculated residual life value by inputting their own residual life value for a given asset component. The system acknowledges such changes, and will continue to age the component in a normal fashion from that point on, using the input value as the new baseline.
