Incorporating Condition Assessment into a Comprehensive Asset Management Program
Abstract:In order to improve asset investment decision-making and achieve sustainable improvements in business performance, utilities must better understand asset condition, asset performance, remaining life and risks. Worldwide, annual expenditure on the maintenance and rehabilitation of water/wastewater reticulation pipes is estimated to be over 33 billion per year, and this is expected to rise significantly over time as aging assets continue to fail at an ever-increasing rate. The long-term cost implications for a utility with a poorly structured replacement/renewal regime can be dramatic. A formal asset management program can help this problem.
A formal asset management program that includes condition assessment can enable an organization to better understand asset condition and remaining life allows for proactive budgeting for renewal/replacement of expensive and high-risk assets.
This article will discuss how condition assessment relates to asset management; how to set up a targeted condition assessment program to support asset management; and how condition assessment data can be leveraged to support decision-making.
Document Type: Research Article
Publication date: January 1, 2006
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 These proceedings are not peer reviewed. WEF Members: Sign in (right panel) with your IngentaConnect user name and password to receive complimentary access.
- Subscribe to this Title
- Membership Information
- About WEF Proceedings
- WEFTEC Conference Information
- Ingenta Connect is not responsible for the content or availability of external websites