Skip to main content
padlock icon - secure page this page is secure

New Strategies for Prioritizing Old Projects - Using Risk and Triple Bottom Line Criteria

The full text article is not available for purchase.

The publisher only permits individual articles to be downloaded by subscribers.

Toho Water Authority (TWA) has been implementing an asset management program for the last four years to improve the management of their over 700 million dollars worth of water, wastewater and reuse assets. A significant amount of asset condition, consequence of failure and risk data has been collected during this time and is now available to assist with asset renewal and replacement planning and prioritization. In the past capital improvement program (CIP) projects were only identified on a finance budget form and contained little back up information as to the problem being addressed, the impact of not performing the work, or the relative priority compared to other projects. This caused issues when budgets became tighter and a way to choose which projects would go forward needed to be developed. In addition, the TWA Board was looking for more supportive information to base their approvals on due to citizen pressure to keep rates low. To address this, a capital project prioritization process and scoring system was created based on asset management principles and incorporated a triple bottom line approach which identifies how the project impacts financial, environmental and social issues. Using this process has made it easier to determine which projects are the most important and provides the amount of back-up information needed to receive Board approval and support for the CIP budget. This process also supports the Financial Viability Attribute of Effective Utility Management by performing the right projects at the right time.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Document Type: Research Article

Publication date: 01 January 2012

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 These proceedings are not peer reviewed.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