Lycopodium Infrastructure was engaged by Essential Energy, a NSW government-owned utility, to provide Building Asset Management Planning Services for its depots across regional NSW. The primary purpose was to identify, cost, and prioritise works over a 10-year period to support Essential Energy’s regulatory funding submission. The final report aligned with both Essential Energy’s Property Business Plan 2012–2019 and regulatory body requirements.
Scope of Works
Lycopodium developed custom data capture tools aligned with IPWEA asset management principles to ensure consistency and integration with Essential Energy’s Maintenance Management System. Our team:
- Validated and structured the asset inventory for AMIS compatibility
- Conducted detailed condition assessments at component and element level
- Captured spatial and lifecycle data, assigned condition ratings, and identified defects
- Prepared 5- and 10-year forward works plans prioritised by risk and function
A risk and criticality framework was applied to assess the potential consequences of asset failure, ensuring that works were prioritised to address the most critical needs while supporting long-term asset performance.
Lifecycle Modelling and Risk Assessment
Lifecycle modelling supported multiple investment scenarios, allowing Essential Energy to align renewal programs with available budgets and risk tolerance. Assets were prioritised based on function, usage, and regulatory obligations. Region-wide bundling of capital works by contractor type and geographic zone optimised delivery efficiency.
Key Outcomes and Benefits
- Building asset assessments and forward works plans for 106 depots
- AMIS-compatible data, including lifecycle, spatial, and financial information
- $45 million in prioritised works identified for the regulatory submission
- Improved forecasting, planning, and risk-based decision-making for building assets
This project demonstrates Lycopodium’s capability to deliver scalable, standards-aligned asset management solutions that support regulatory compliance and long-term infrastructure planning.
