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AWWA JTMGT64443
- Realizing Value through Asset Management: How Risk, Communication, and Policy Add Up in the Value Equation
- Conference Proceeding by American Water Works Association, 02/01/2007
- Publisher: AWWA
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The collective experience strongly suggests that the long-term success of any asset managementprogram is directly dependant upon an organization's commitment to bringing three essentialcomponents in complete harmony. They are: Risk, Communication, and Policy. While the Triple Bottom Line (theeconomic, environmental and social considerations) addresses the "what" part of an assetmanagement program, these three components (risk, communication, and policy) frame the"how" part.This paper discusses why these components need to be in concert, and what can happen if there aredisconnects between the three.
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