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AWWA JTMGT57490
- Strategies to Startup a Value Added Asset Management Program
- Conference Proceeding by American Water Works Association,
- Publisher: AWWA
$12.00$24.00
Asset management is the buzz word in the water industry best practices to addressaging infrastructure rehabilitation and renewal needs, and complying withGovernmental Accounting Standards Board (GASB 34) and Capacity ManagementOperations Maintenance (CMOM) requirements. To mostorganizations, asset management is a new concept and practice which they typicallydo not have the resources and organizational support to develop an assetmanagement program. Most organizations are overwhelmed with the levelof effort in developing a comprehensive asset management program. There are several alternative approaches that allow organizations to startup and realize the benefits of an asset management program without being overwhelmed by taking on a comprehensive system-wide asset management program. They include: needs assessment/benchmark status review; top down renewal and replacement forecast; vertical pilot approach; and, risk based approach. This paper presents case projects where organizations have applied these approaches and can demonstrate key benefits. Includes figure.
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