Leading Asset Management Practices Help Utilities Optimize Their Asset Life Cycle Cost
Abstract:The Water Environment Research Foundation's (WERF) ongoing research program defines strategic asset management (SAM) practices and develops tools and techniques that help utilities implement asset management (AM) programs. EMA and partnering organizations lead this research, which expands WERF and WaterRF's Sustainable Infrastructure Management Program Learning Environment (SIMPLE) knowledge base for AM in four “tracks”: (1) Public Communication, (2) Benchmarking/Case Studies, (3) Decision/Analysis Implementation Guidance, and (4) Remaining Asset Life. Track 2 identifies utilities' leading AM practices and develops utility examples, helping other utilities learn how to implement SAM. A utilities survey identified opportunity areas for SAM and gaps for improvement. These leading practices (validated through site visits and a leading practices research forum conducted in June 2010) can help utilities optimize asset life-cycle cost in: Accounting and Costing, Business Risk Management, Organization and People, Maintenance, Secondary Data and Knowledge, and Strategic Asset Planning and Asset Management plans.
Document Type: Research Article
Publication date: 2010-01-01
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 These proceedings are not peer reviewed.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