To finalize our series on the advantages of implementing an Asset Management (“AM”) program, we will discuss the implementation process and the approach we adopt. If you missed our earlier articles, Introduction to Asset Management and Benefits of Having an Asset Management Program, you can find them on our LinkedIn @Quiddityeng or website Quiddity Engineering LLC – Quiddity .
To effectively implement an AM program, we utilized these five (5) core questions from the United States Environmental Protection Agency (“EPA”):
- What is the current state of my assets?
- What is my required level of service?
- Which assets are critical to sustained performance?
- What are my best operations and management investment and capital investment plan strategies?
- What is my best long-term funding strategy?
To answer all five (5) of these questions comprehensively, we integrated the well-established ten (10) step process presented by the EPA (Figure 2).
Figure 2 – EPA’s 10-Step Process for Asset Management
Utilizing the information shown in Figures 1 & 2, we created a six (6) phase AM roadmap summary (Figure 3) to develop the framework that public agencies need to create and implement an AM program to proactively maintain their aging water, sanitary sewer, storm sewer, and street infrastructure. Using AM for this infrastructure represents a proactive maintenance and financial planning approach, significantly benefiting public agencies.
Figure 3 – Asset Management Roadmap Summary
Please stay connected with us on LinkedIn @Quiddityeng or find our website, www.quiddity.com, to access the other articles in this series Introduction to Asset Management and Develop an Asset Management Plan. If you are interested in learning more about how an effective asset management program could help your organization, reach out to firstname.lastname@example.org or any of our experts! Our experienced engineers have assisted with asset management program implementation to help organizations optimize their facilities and effectively plan for the future.