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Maximo Water Utilities Best Practices

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Asset Management is vital to the health of the Water Utilities Industry. Its processes guide acquisition, use and disposal of assets to optimize their service delivery potential and to manage related risks and costs over their entire useful life. It facilitates procedures, tools, principals and methods that manage life expectancy and business impact of cost, performance and risk associ- ated with infrastructure assets. Asset Management's prevailing role is to answer water utilities specific questions to meet service delivery objectives efficiently and effectively, thereby achieving business goals. Successful Asset Management also: • Ensures assets are suitably used and maintained • Achieve greater value for money through frequent asset condition evaluations accounting for expected life cycle and historic maintenance costs • Reduces unnecessary asset acquisitions, managing full costs of owning and using assets • Focuses attention on results by clearly assigning responsibility, accountability and reporting requirements EPA recommendations include five basic areas where Asset Management provides significant return when best practices are implemented. 1. Determining current condition of assets: • Assets owned and location • Assets condition • Assets useful life expectancy • Assets present value and replacement cost Asset management best practices include: • Creating a complete asset registry that includes location • Creating asset condition rating systems — may vary for above and below ground assets • Determining remaining asset life utilizing tools such as industry decay curves • Determining asset existing value and replacement cost 2. Sustaining service levels for critical assets: • Causes for assets failure and reasons they actually fail • Probability and consequence of asset failure • Cost of asset repair • Other costs associated with an asset failure (environmental, social) Asset management best practices include: • Identifying system critical assets • Conducting failure analysis whenever possible (root cause or failure mode analysis) • Determining failure probability based on historical asset data • Analyzing risk and consequence of failure for critical assets • Establishing a living vulnerability asset/location list 3. Minimal life cycle costs: • Critical asset repair, replacement or rehabilitation costs • Determine funding sources for asset life cycle management Asset Management best practices include: • Establishing cost/benefit of replacement versus rehabilitation for asset types • Analyzing life cycle costs of utilities asset, especially critical assets • Deploying labor resources based on asset condition and criticality • Reviewing asset failure to develop response plans, purchasing guidelines and inventory requirements (was slow response due to non-availability of parts?) Asset Management Best Practices Maximo in the Water Utilities Industry

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