Unsticking Your Asset Management Program: Asset Inventory And Condition Assessment

It’s understood that the best-run water and wastewater operations are built on a foundation of asset management. When operational leaders have visibility across their asset portfolio, understand the condition of their assets, and can identify risk, they can make better asset decisions in support of running their operations efficiently and effectively. But many utilities get stuck at the starting line, trying to figure out what to do, and what to do first.

Asset management is not as complicated as you might think. A lot of it is common sense. But common sense can be challenging to apply in a complex organization. A common definition states, asset management is the coordinated activity of an organization to get maximum value from their assets.

More simply put, asset management is doing the right things, in the right order, for the right reasons, to get the right results. When you apply an asset management framework like this, the right results will be a more sustainable, reliable and resilient operation.