Water Asset Management Plan
An asset management program can provide the needed justification to customers as well as funding agencies when rate increases are needed or financing is necessary.
Water asset management plan. Asset management resources for states and small drinking water systems. An asset management plan amp period is a five year time period used in the english and welsh water industry. Asset management is a scalable approach that can be used by systems of any size. Whether running a small drinking water system serving 50 customers or drinking water and wastewater systems of the largest cities asset management means putting in place a long term plan to sustain these systems and the services they provide.
Asset management also includes developing a plan to reduce costs while increasing the efficiency and the reliability of waterworks assets. The office of drinking water promotes asset management as a planning process that ensures waterworks get the most value from each asset and have the financial resources to rehabilitate and replace asset when necessary. Priority planning on many levels water system asset management is a cornerstone of sustainability and resiliency supporting the insights planning and day to day discipline needed to optimize these both operationally and financially over the long term. Planning through asset management can also help to eliminate some of the large rate spikes system owners must make to pay for needed repairs and maintenance.
The water companies often align the frameworks they hold with contractors to the amp periods. This management framework has been widely adopted by the water sector as a means to pursue and achieve sustainable infrastructure.