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Introduction to Asset Management

Due to aging infrastructure, limited resources, and stricter regulations, many public agencies face challenges, leading to a reactive approach to handling complaints and system failures. Technological innovations offer an opportunity for organizations to shift away from reactionary management and embrace affordable risk-based/predictive maintenance and capital project planning. For governmental agencies, cities, water districts, etc. (“public agencies”), proper water, sanitary sewer, storm sewer, and street infrastructure management is crucial to ensure safe and reliable customer service. 

 

Quiddity is honored to support our many Clients by developing their Asset Management (“AM”) program for their existing infrastructure. AM is a systematic process that efficiently deploys, operates, maintains, upgrades, and disposes of assets. The aging water, sanitary sewer, storm sewer, and street infrastructure require appropriate renewal, repair, and replacement strategies to provide excellent and reliable service to their residents. This involves identifying high-risk assets and implementing the best operation, maintenance, and capital improvement plan investment strategies. Using AM for this infrastructure represents a proactive approach to maintenance and financial planning, benefiting public agencies significantly.

 

Across the globe, public agencies are increasingly embracing AM practices to meet diverse needs and deliver essential services to their residents. Please refer to the graphic below to explore the main catalysts driving this transformative shift.

 

 

Have you contemplated the potential impact of adopting a comprehensive asset management approach on your organization? If the answer is yes, we invite you to explore our series of articles that delve into the significance of adopting asset management for public agencies. These articles focus on effectively managing water, sanitary sewer, storm sewer, and street infrastructure.

Please stay connected with us on LinkedIn @Quiddityeng or find our website, www.quiddity.com, to access our upcoming supporting articles, Benefits of Having An Asset Management Program, and The Asset Management Roadmap. If you have any inquiries or wish to obtain additional information regarding our Asset Management Program and how we can develop it for your infrastructure, please do not hesitate to contact rschilhab@quiddity.com. 

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