Improving Infrastructure with Strategic Planning

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With regards to Biden’s infrastructure plan, the US congress has pointed towards the issues related to the funding for infrastructure. It is necessary to utilize the available funds effectively through strategic planning. 

This article highlights a few points regarding strategic investment tactics to improve infrastructure effectively as per the 2021 ASCE report card.

Begin With Strategic Planning

Strategic planning will enable evidence-based plans that ensure the appropriate allocation of funds. It also ensures that the planned investment goes completely towards infrastructure projects. The basic steps involved in strategic planning are:

1. Risk assessment
2. Asset management

1. Risk Assessment

Any negligence of risk awaits high costs in the future. So the potential risks associated with the infrastructure changes and updates are analyzed under risk assessment. 

2. Asset Management

This stage evaluates the holistic aspect of the infrastructure under consideration. It analyzes the projects and assets so that resources are utilized efficiently. So, replace, repurpose and rebuild as necessary based on the project feasibility.

Utilizing New Technologies

Projects can be run at a lower cost if a large amount of data is harnessed and new technologies are utilized to their maximum potential. Some of the technical solutions include:

1. Digital Twins
2. Cybersecurity

1. Digital Twins

Digital twins can map out scenarios in a safe digital environment for testing the impact of an infrastructure project. So, we get an indication about the risks before the project starts. It can help solve many physical issues faster, forecast the outcome, and optimize the performance.

2. Cybersecurity

Investing in cybersecurity measures can help protect a huge amount of delicate information that is a primary concern in this digital-first world. 

Efficient Project Execution

Once the planning and utilization of technologies are done with due diligence, the final step is the efficient execution of the project. Few aspects that can help in successful project execution are:

1. The planning and approval process can lag and affect the momentum of the project until the funding is received. So, it is better to start with the backlog of already made plans and approved projects. This is a low-cost solution that begins with progress. 
2. Follow a holistic approach by studying the collaboration between different infrastructure, like roads, bridges, ports, etc.
3. Work with a trusted and experienced partner who plans and executes the project on time and within budget with quality results.

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