Fast Tracking the Implementing of an Asset Management Program Saves Time and Money!

Implementing a comprehensive asset management program with the traditional planning, design,
and implementation phases can typically take three to five years and cost millions of dollars.
Lee County Utilities (LCU) was determined to implement a comprehensive asset management
program to improve the management of their over $700 million dollars worth of assets but didn’t
want to wait over three years to see any meaningful results and wanted to minimize the costs as
much as possible. Because of this, Malcolm Pirnie and LCU formulated a fast track approach
that would complete the planning and design of the program in less than a year, would focus
solely on a small portion of the system, Waterway Estates, and would fully evaluate the small
pilot area in terms of asset condition, criticality, risk, renewal and replacement funding, and
potential rate impacts. This paper will outline in detail the pilot area approach steps and benefits.