Timing is Still Everything
Replacing assets too soon results in excessive spending by not achieving a full useful life from them. Failing to replace them on time could result in additional financial consequences, impacts on customer service and the environment, and potential safety concerns for the public and those performing reactionary repairs. An asset management-based prioritization framework can help you time your investments optimally and avoid those consequences while providing the most value to those you serve in the process.
For more information, read this article recently published in the New England Water Environment Association Journal.
