"Single Point of Truth"

"Single Point of Truth"

Our aim is to bring together like-minded partner organizations to support each other and present a cohesive "single point of truth".
MARMAK believes that Asset Management is all about mitigating municipal risk. A fundamental component to Asset Management is an accurate inventory. This includes knowing the individual component, location, condition, and the financial commitment required to maintain and extend the life of those assets. Assigning to each asset type the probability of failure along with the consequence of failure will highlight the risk factor associated to each asset type. The task of Asset Management can be confusing, frustrating and daunting. Consultants, regulations, and legal ramifications can complicate the approach.
Municipal Financial Officers’ Association (MFOA) offers financial expertise to its members. MFOA has developed a number of tools and programs to support municipalities with improving asset management planning.
Ontario Good Roads Association (OGRA) offers Municipal DataWorks (MDW) as a benefit of membership for the management of municipal infrastructure.
Ontario Recreation Facilities Association (ORFA) has developed a Recreation Facility Asset Management (RFAM) tool which offers facility and open space practitioners the ability to capture inventory, inspection, life expectancy, and prioritizing of capital works.
Asset Management
Asset
Management
Over the past number of years Marmak and its partners have been working on an optimized decision model named BALANCE which helps “avoid the tipping point in Asset Management” by helping municipalities understand the correlation between inventory, Level of Service, and risk.
BALANCE is a “Risk-centric asset management” solution which supports over 135 municipal asset classes. It is a decision-making process that identifies and prioritizes assets with management needs while taking financial and resource constraints, environmental considerations, and customer expectations into account. BALANCE examines the risk profile of each asset and the consequences of failure using a consistent process of evaluation.
BALANCE is a key component in forming part of an overall approach that conforms to industry best practices in Asset Management. This overall approach includes a Risk Policy, Risk Policy Asset Register, Risk Program and an Asset Management plan.
Internet of Things
Internet of Things
As part of an innovative technology initiative, OGRA, ORFA, Marmak and a number of Internet of Things (IoT) industry leaders are collaborating in a pilot project whose objective is to validate the adoption of IoT technology as a component of Asset Management and SmartCity.
IoT components offer municipal staff real time access to temperature and humidity within their facilities while being able to compare historical trends of energy efficiency. Participants in this pilot project will receive, on a 2-week rotating basis, free access to IoT temperature and humidity sensors and the online Efficiency reports available through various dashboards.
Education
Marmak has an industrial partnership with the University of Toronto and Ryerson University on a project supported by the Engage program, the Natural Sciences and Engineering Research Council of Canada (NSERC). This project entitled "Analysis of Asset Management Planning in Ontario Municipalities" is designed to facilitate new academic-industrial research collaborations around municipal Asset Management.