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Asset Management Best Practices: Keeping Ahead of the Curve
Author(s) -
Fodchuk Mark,
Garaci Mike
Publication year - 2019
Publication title -
journal ‐ american water works association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.466
H-Index - 74
eISSN - 1551-8833
pISSN - 0003-150X
DOI - 10.1002/awwa.1342
Subject(s) - asset management , legislation , it asset management , business , best practice , asset (computer security) , key (lock) , risk analysis (engineering) , pipeline (software) , finance , process management , operations management , actuarial science , economics , computer science , computer security , management , political science , law , programming language
Key Takeaways Impending legislation is driving Canadian utilities to take a proactive stance on their asset management plans. Seven Canadian utilities shared their strategies and best practices for evaluating, fixing, and managing pipeline assets. It's important for utilities to establish a comprehensive, forward‐thinking asset management framework that includes structured data collection and management.