The five components of asset management for water utilities involve building an inventory of assets, determining the level of service, identifying the criticality of various assets, considering the life-cycle costs of assets, and tying everything to a long-term funding plan. In this edition of Groundwater Talk Live!, we give some basics of asset management for water utilities and discuss why it is so important to the overall operation and financial health of the utility.
00:00 - Start
1:57 - Introduction to Asset Management
4:00 - Understanding Assets
11:10 - Basics of Asset Management
14:29 - Asset Management Process Explained
19:02 - Framework for Asset Management
23:19 - Asset Inventory & Condition Assessment
24:59 - Evaluating Water System Asset Condition
26:40 - Asset Life & Value Determination
27:41 - Energy Usage Assessment in Water Utilities
31:39 - Examples of Asset Inventory in Water Systems
38:00 - Utilizing Spreadsheets for Asset Inventory
44:04 - Cloud-Based Asset Inventory Management
45:10 - Analyzing Water Utility Performance with Graphs & KPIs
47:02 - Comparing Expected vs Actual Asset Life
47:27 - Defining Level of Service for Water Systems
50:59 - Evaluating Critical & Vulnerable Water Assets
53:58 - RAMCAP Plus Analysis for Water Utilities
56:14 - Criticality & Vulnerability Factors in Water Systems
57:59 - Asset Criticality Assessment Techniques
58:37 - Risk Assessment in Asset Management
1:02:03 - Life Cycle Costing for Water System Assets
1:06:40 - Strategies for Long Term Funding of Water Assets
1:08:48 - Energy Considerations in Water Asset Management
1:11:50 - Free Well Health Resource Guide Offer
1:12:50 - Contacting the Groundwater Guy
1:13:05 - Thanks for Watching & Closing Remarks
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