Leading Asset Management Practices Help Utilities Optimize Their Asset Life Cycle Cost
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.
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Posted: May 20th, 2011 | Filed under: Stormwater, Waste Water Treatment, Water Treatment | Tags: Best Practices, Business Risk Management, Improved Communication, Improved Maintenance, Improved Plant Organization, Optimize Life-Cycle Cost, Plant Optimization, Strategic Asset Planning | No Comments »