Managing an infrastructure system like a water or wastewater system or a transportation network is a delicate balancing act. At what point does it become more cost effective to replace a component rather than continue to maintain and repair it? There are inherent conflicting factors to manage, such as short-term versus long-term benefits, expenditures versus performance levels, planned and unplanned availability, or capital costs versus operating expenditures. An Asset Management program enables you to better manage critical infrastructure assets and ultimately, improve fiscal performance.
Number of views (91)