• Asset management seeks a systematic,
rational, and comprehensive basis to
“establish priorities” among alternative
expenditures (both capital and noncapital) (USDOT 1999, AMSA et al. 2002).
• Asset management addresses “tradeoffs
between risk and reliability” (Hughes 2006).
• Asset management “improves prediction
of financial needs” in upcoming years
allowing improved management of
rate-setting and improved relationships
between utility managers, governing
bodies, and the public (AMSA et al. 2002).
• Asset management supports “integration
of desired outcomes” in terms of business
goals, customer service criteria, engineering
considerations, and operational factors
(USDOT 1999, AMSA et al. 2002).
AMSA (Association of Metropolitan Sewerage Agencies), American Water Works Association (AWWA), Association of
Metropolitan Water Agencies (AMWA), and Water Environment Federation (WEF). 2002. Managing Public Infrastructure
Assets to Minimize Cost and Maximize Performance. Alexandria, VA: AMSA.
INGENIUM (Association of Local Government Engineering NZ Inc) and IPWEA (Institute of Public Works Engineering of
Australia) (Version 3). 2006. International Infrastructure Management Manual. Wellington, New Zealand: NAMS Group.
Graham, A., G. Kirmeyer, E. Wessels, E. Tenny, D. Harp, S. McKinney, C. Saill, B. Templin, D. Hughes, and J. Fortin,
2008. Asset Management Research Needs Roadmap, order #91216/project #4002. Denver, CO: Awwa Research
Hughes, D., ed. 2006. Water Infrastructure at a Turning Point: The Road to Sustainable Asset Management. Denver,
Kirmeyer, G. and D. Harp. 2007. “Asset Management Practices and Needs in North American Water and Wastewater
Industries—AwwaRF Project 4002.” Presented at the American Water Works Association’s Annual Conference &
Exposition (ACE). Toronto, Ontario, Canada, June 24, 2007.
WERF (Water Environment Research Foundation) and WaterRF (Water Research Foundation). 2009. SIMPLE: Water
and Wastewater Sustainable Infrastructure Management Program Learning Environment, order/project #4013.
http://simple.werf.org/home. Accessed Oct 26, 2010.
USDOT (U.S. Department of Transportation) Federal Highway Administration (FHA) Office of Asset Management. 1999.
Asset Management Primer. Washington, D.C.: USDOT FHA OAM.
USGAO (United States General Accounting Office). 2004. Water Infrastructure: Comprehensive Asset Management Has
Potential to Help Utilities Better Identify Needs and Plan Future Investments. Report GAO-04-461. Washington, D.C: USGAO.