The Fundamentals of Asset Management - SIMPLE

The Fundamentals of Asset Management Executive Overview A Hands-On Approach Emerging utility business conditions z Increasing demand for utility services z Diminishing resources z Leveling of production efficiencies z Increasing restrictions on output z Aging infrastructure Result: increasingly expensive treatment options Fundamentals of Asset Management 2. Emerging utility business conditions z Aging customer base z Diminishing technical labor pool z Larger and more sophisticated facilities z Loss of knowledge with personnel retirements z Public resistance to rate increases Result: increasingly complex Management environment Fundamentals of Asset Management 3. Changing utility business environment z Demand to do more with existing resources z Need to make every dollar work to better use capital and operating budgets z Move from reactive to proactive work environment Fundamentals of Asset Management 4. A paradigm shift . z Transition from building and operating to managing assets Extending Asset life Optimizing maintenance and renewal Developing accurate long-term funding strategies Sustain long term performance!

Fundamentals of Asset Management 3 Emerging utility business conditions zAging customer base zDiminishing technical labor pool zLarger and more sophisticated facilities zLoss of knowledge with personnel retirements

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