In water and wastewater systems, an “asset” is a component of a facility with an independent physical and functional identity and age (e.g., pump, motor, sedimentation tank, main). The renewal and replacement of the assets that make up our nation’s water infrastructure is a constant and ongoing task. To efficiently manage this important part of a utility’s business, many have turned to asset management. This approach has gained recognition all across the world—and across all infrastructure heavy sectors—for its effectiveness in maximizing the value of capital as well as operations and maintenance expenditures.
You can read more about sustainable water asset management practices on the EPA website here.
NASTT’s Online Trenchless Library has dozens of technical papers that discuss asset management. You can browse the titles here.