types of reports or
need to be updated
periodically to reflect:
circumstances, such as completed projects
and new inflation
to assumptions about the condition of the assets such as concealed conditions.
- Changes to
risk and uncertainty facing the organization.
- Status and variances on projects and
of the base year and
the terminus year in the planning horizon.
This is particularly necessary for
documents that make long-range forecasts,
such as :
The report is "kept alive and the data
is kept dynamic, in order to achieve the following
- Keep the
data current and relevant.
- Find any variances between forecasts
improvements and iterations
to the data
This is achieved through monitoring and reviews that confirm the
the reports so that adjustments and updates
can be made, as
required to the following:
concept of a living document is also reflected in the fact that the base year and terminus year of the planning horizon
shift each year over the life of a building.
There are various ways in which living documents are
Cycle and Re-assessment
horizon to reflect
Fig. The feedback
loop in updating studies.
Planning must be iterative, dynamic and continuous. If it becomes
static it starts to look more like an old dusty blueprint rather than a