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Building A Road Map for Asset Management Through Benchmarking

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Abstract:

Municipalities throughout North America recognize the need for strategic Asset Management Programs that drive a systematic and defensible decision making process to maximize the efficient use of financial and human resources required to maintain their asset base in a state of good repair.

This paper has been prepared to document the steps that Toronto Water has employed on its path to developing an effective asset management program. As the development of Asset Management Programs in this regard can be considered relatively new in North America, a recently completed international process benchmarking exercise, led by International Water Association and Water Services Association of Australia has identified Best Practices throughout the multiple functions that make up the business process of Asset Management. This is intended to be used to guide municipalities as they develop their Road Map for successful implementation of Asset Management.

Keywords: Asset management; asset life-cycle; asset reliability; benchmarking; infrastructure backlog; strategic objectives

Document Type: Research Article

DOI: https://doi.org/10.2175/193864709793899936

Publication date: 2009-01-01

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  • 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 These proceedings are not peer reviewed.

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