Video presentations
Value-focused thinking in civil infrastructure development
Location
SMART Infrastructure Facility, University of Wollongong
Start Date
2-10-2013 3:45 PM
End Date
2-10-2013 4:20 PM
Description
Abstract: Civil infrastructure and its impact on societies can tell us different stories about the values of the people who invest in, create and maintain these facilities and systems, and are in due course impacted by them. Ultimately, the story of infrastructure and its interaction with societies can also be viewed as a story of values, how we choose to value different types of capital – human, societal, economic, natural environment, built environment and other technology, etc. – and the impact of our choices on our relative abilities to continue to live out our evolving values. It can also be viewed as a story of civic responsibility – related to the extent to which we choose to be responsible and pay for the full costs of our actions and choices, or the extent to which we make decisions based on information that involves significant externalities. The way we choose to value different types of capital in infrastructure development and management can have vastly different outcomes over time – evident in our stewardship of different types of capital. We can learn some lessons from history. This talk will offer a capital asset management analysis of selected societies and make inferences on the lessons we can learn about creating comprehensive and sustainable wealth through infrastructure decision making.
Value-focused thinking in civil infrastructure development
SMART Infrastructure Facility, University of Wollongong
Abstract: Civil infrastructure and its impact on societies can tell us different stories about the values of the people who invest in, create and maintain these facilities and systems, and are in due course impacted by them. Ultimately, the story of infrastructure and its interaction with societies can also be viewed as a story of values, how we choose to value different types of capital – human, societal, economic, natural environment, built environment and other technology, etc. – and the impact of our choices on our relative abilities to continue to live out our evolving values. It can also be viewed as a story of civic responsibility – related to the extent to which we choose to be responsible and pay for the full costs of our actions and choices, or the extent to which we make decisions based on information that involves significant externalities. The way we choose to value different types of capital in infrastructure development and management can have vastly different outcomes over time – evident in our stewardship of different types of capital. We can learn some lessons from history. This talk will offer a capital asset management analysis of selected societies and make inferences on the lessons we can learn about creating comprehensive and sustainable wealth through infrastructure decision making.