4CAST utilises the most sophisticated predictive modeling algorithms to generate alternative versions of the future for any asset type. These ‘what if’ scenarios are used to determine the appropriate infrastructure funding strategy to meet the expectations of an organisation’s stakeholders.
Future risks can be identified and mitigated. Opportunities can also be identified to repurpose assets and even the spaces they occupy to keep pace with the changing needs of a business and their stakeholder expectations.
How 4CAST Works
4CAST is a cloud-based long term financial planning web application, meaning no on-site installation or ongoing maintenance is required.
The 4CAST system intuitively builds a model for each asset type based on the supplied data. This means that an organisation doesn’t need to wait until their data is “perfect” before they can start analysing their future asset expenditure requirements. The complexity of the model is in direct proportion to the data and can be improved over time.
Complex assets with multiple components can be modelled to reflect the relationship between each component. If one component is not adequately managed, its performance can have an impact on the other components that rely on its functionality.
4CAST models assets over their life span and builds in factors such as wear and tear, over or under usage and the effects of environmental exposure from corrosion, heat or moisture.
From the life span modelling of the asset base, 4CAST provides “what if” scenarios. The costs and consequences of varying corrective or preventative interventions can be compared to a “do nothing” scenario.
Future risks can be identified and mitigated. Opportunities can be identified to repurpose assets and even the spaces they occupy, to keep pace with the changing needs of a business and stakeholder expectations.
As a consequence, 4CAST provides organisations at all levels with:
- defensible budgets so that annual planning becomes a monitoring and fine tuning exercise, rather than a starting from scratch exercise every year;
- real time business and asset performance KPIs (for any level) that can be remotely monitored;
- tailored reports for CEOs, Asset Managers, finance and senior management, that provide real time accurate asset management data to meet the specific needs of each and any business area; and
- a “Resilient to Change” Strategy. If there are political, financial, technological or demographic changes, 4CAST can be quickly realigned to the changing needs of your organisation.
4CAST serves as a blueprint of the organisation’s greatest understanding of every asset they own and how they maintain them throughout their lifecycle. It also provides a solid foundation to identify where improvements can be made and then to actually apply and verify them before they’re even implemented in reality.