Asset Management System and Strategy

Water utility owners and operator face a host of problems that are well documented.  It is important to think of an asset management program as a hierarchy of needs and questions that start at a basic level and progress to advanced.  In general, these are as follows:

• What do we own?
• Where is it?
• What condition is it in?
• What is the failure mode?
• What is the probability of failure?
• What is the consequence of failure?
• What level of service is required from the asset?
• Given the likelihood and consequence of failure, how do we best manage our assets to sustain service at the lowest lifecycle cost?

Future development requirements of asset management also need to focus resources and creativity on the following:

• Predictive tools (failure and replacement cost modeling).
• Asset base valuations versus true cost.
• Acknowledge full lifecycle costs of Assets.
• Assessing and managing a range of business risks.
• Access to systems from anywhere and anytime - home, office, field.