Projection types

A projection in AMT represents the life cycle costing for an asset, which can be broken down to the component level.  An asset can have a number of projections, including current budget and estimate-draft. Projections house the strategy tasks that are used to forecast costs and drive the planning process.

For an asset owned by the business there are a number of different types of projections depending on the asset type. While the structure of each projection is the same, each type of projection behaves slightly differently.

Centreline asset projections

  1. Centreline projection.
    • Centreline.
    • Always assumed to be current.
    • Cannot have a start date in the past - AMT updates the start date at the start of each month, so scheduled tasks can never become overdue.
    • Strategy tasks can be linked to standard jobs.

Modelling asset projections

  1. Estimate-Current projection.
    • Modelling assets can only have one Estimate-Current projection.
    • Represents the latest assumptions.
    • Can link to standard jobs but pricing is not automatically updated if the standard job is changed (so that history is always maintained).
    • Enter the expected asset start dates (future or historical) and terms.
    • There is an option to escalate costs to today's values or show at original values.
  2. Estimate-Draft projection.
    • Modelling assets can have many Estimate-Draft projections.
    • Provides full version control.
    • Behaves the same way as Estimate-Current.

Real asset projections

  1. Current projection.
    • The live assumptions for an asset.
    • Drives the planning and execution of work.
    • Real-time updating for actual maintenance activities (work orders).
    • Reflects the real-time life cycle costing for an asset.
    • Leaves the link to standard jobs.
    • All strategy task costs are escalated to today's values.
  2. Alternate projection.
    • Used for what-if analyses.
    • You can use a copy of the current projection in a test environment.
    • Behaves like a current projection.
  3. Archive projection.
    • Save a copy of a projection.
    • Contains all the details of a projection, but does not change for anything in the future.
    • Used to provide an audit trail or reference point.
  4. Budget projection.
    • For maintenance contracts, the budget projection usually reflects the commercial assumptions made to determine contractual billing rates.
    • Represents original assumptions or company benchmark performance.
    • Can link to standard jobs, but pricing is not automatically updated if a standard job is changed (so that history is always maintained).
    • Will schedule historical tasks to when they were expected to occur (so they do not become overdue). Therefore, the projection flexes with utilisation (it is not a data-based accounting budget).
    • Will escalate historical costs to the date they were expected to occur - called escalating costs over time.
    • Not impacted by actual occurrences, only utilisation.

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