Much has been written about the infrastructure
"crisis" facing water and wastewater utilities. Today's
utility managers and governing board members are in a
position to mobilize and sustain proactive investments
in utility infrastructure asset management to prevent
catastrophic or disastrous conditions from developing.
When asset management initiatives are grouped into a
coherent risk management program, it is possible to see
the connections between a given level of capital replacement
and the necessary repair, rehabilitation, and condition
assessment. In turn, board members can better
appreciate risk management and begin to make the case
for ramping up key expenditures. In addition to providing
a risk management framework, asset management is
a continuous improvement process that facilitates
knowledge transfer from one generation of managers
and board members to the next. It also provides direction
for research and development of repair and
replacement technologies and a better understanding of
sustainable service levels. Includes 12 references, figures.
| Edition : | Vol. 99 - No. 4 |
| File Size : | 1
file
, 310 KB |
| Note : | This product is unavailable in Ukraine, Russia, Belarus |
| Number of Pages : | 7 |
| Published : | 04/01/2007 |
