How Asset Management Promotes Sustainable Water Use

Utilities Tech Outlook | Tuesday, February 08, 2022

Despite the high cost of water assets, many municipalities are not equipped to provide the necessary maintenance and monitoring. As a result, these assets can break down without proper asset management and require costly repairs.

Fremont, CA: Water asset management is essential for increasing water sustainability and improving the efficiency of those who manage these assets. A water asset management system assists maintenance staff in properly maintaining assets and recording pertinent information.

The following are seven ways asset management can help with water sustainability.

Extends the Useful Life of a Water Asset

Even with proper maintenance, any asset will eventually outlive its useful life. Assets will degrade faster if scheduled maintenance and repair are not performed. As a result, an asset will reach the end of its useful life sooner than expected. On the other hand, managers can identify issues and improve the way they make maintenance and repair decisions with proper asset management. Thus, issues are prevented from becoming more serious if left unnoticed.

Provides Better Customer Service 

Improving the care of water assets can also help improve customer satisfaction. Customers pay for water utilities and want to know that they are getting a good value for their money. Inadequate maintenance of water assets can impact the quality of service provided to customers.

Helps Meet Regulatory Requirements 

Certain standards are expected of municipalities and water utilities. When assets are underperforming, maintenance is falling behind, and record-keeping is lacking, it can be difficult to meet the requirements that must be met. Proper asset maintenance using a water management software system can make it easier to meet regulatory requirements. Regular maintenance, work orders, and meticulous record-keeping can all help ensure that an asset is in good working order.

Improves the Efficacy of Budgeting

Budgeting efficiently is critical because no municipality or organization has unlimited resources. An asset management system can assist you in better understanding historical and future costs associated with asset maintenance. As a result, you have more information to make better decisions, which leads to better budgeting and less money wasted.

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Improves Emergency Response

If something happens to an asset, you want to know about it as soon as possible. However, this can be not easy if asset management is not prioritized. Without an effective emergency response plan, there is a risk that the situation will deteriorate further, causing more serious and costly damage.

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