Skip to main content


Buy Article:

$17.50 plus tax (Refund Policy)

Or sign up for a free trial

As utility budgets tighten, infrastructure continues to decay, expectations regarding service levels rise, and doing more with less becomes the business norm, more utilities seek to investigate, architect, design, and implement an effective asset management program. The primary goal of an effective asset management program is to optimize asset-related capital and operating expenditures operationally and financially. A key step in designing an asset management program to achieve this primary goal is the assessment of current, utility-specific, asset management practices, along with lessons learned and benefits realized. Many utilities have determined that comparisons between their approaches and asset management practices from other geographies are extremely valuable. Utilities interested in implementing an asset management program will find that assessment, awareness development, and comparison can be accomplished incrementally within an overall asset management program.

This paper highlights a global best practice asset management reference model and an approach for developing asset management awareness, a relevant strategic intent, and a prioritized, actionable, implementation plan. Building on the actionable plan, utilities must assess and implement a suitable asset management data framework; design and implement an appropriate organization, business processes, and enabling IT architecture; and develop and implement improved methods for forecasting and planning asset-related capital expenditures and operating expenditures. Methods for funding improvement programs, and then planning continuous improvements to a utility's asset management approaches are also key components of an enterprise asset management program. In summary, key considerations in implementing asset management business discipline are to leverage business policies and processes, technology, and mindset, through a holistic asset management reference model and approach.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Data/Media
No Metrics

Document Type: Research Article

Publication date: 2004-01-01

More about this publication?
  • Proceedings of the Water Environment Federation is an archive of papers published in the proceedings of the annual Water Environment Federation® Technical Exhibition and Conference (WEFTEC® ) and specialty conferences held since the year 2000. These proceedings are not peer reviewed.

    A subscription to the Proceedings of the Water Environment Federation includes access to most papers presented at the annual WEF Technical Exhibition and Conference (WEFTEC) and other conferences held since 2000. Subscription access begins 12 months after the event and is valid for 12 months from month of purchase. A subscription to the Proceedings of the Water Environment Federation is included in Water Environment Federation (WEF) membership.

    WEF Members: Sign in (right panel) with your IngentaConnect user name and password to receive complimentary access. Access begins 12 months after the conference or event
  • Subscribe to this Title
  • Membership Information
  • About WEF Proceedings
  • WEFTEC Conference Information
  • Learn about the many other WEF member benefits and join today
  • Ingenta Connect is not responsible for the content or availability of external websites
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more