Asset Management for Water Utilities

February 26-27, 2024 | Online

Click Here to register $1295

If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event

This introductory course to asset management takes the participants on a visually engaging journey through the broad landscape of asset management concepts. A series of interactive exercises will demonstrate how the concepts are applied into practice in a way that will help Water and Wastewater Utilities design strategies to realize value from their assets. Using industry best practices, participants will learn how to plan around risks, develop asset health and condition metrics, manage asset lifecycles strategies, engage stakeholders through Levels of Service and make optimized trade-offs in a context of financial constraints, aging systems, changing regulations, and growth.

Learning Outcomes

  • Explain what Asset Management is and the benefits it has to a Water and Wastewater organization
  • Describe the differences between a policy, a strategy and a plan
  • Appreciate the importance of a “Line of Sight” across the different level of an organization and across the different service areas
  • List some of the global standards for asset management and describe how each of them can be useful
  • Analyze risk events using an industry accepted methodology (e.g. water quality dechlorination events, breaches in operating certificate)
  • Identify some of the barriers to the effective operationalization of asset management within an organization
  • Describe the key protocols associated with operating and maintaining assets and how these can extend asset life (e.g. water treatment plants, reservoirs, pump stations, pipes)
  • Explain how an asset hierarchy is typically developed and applied
  • Review examples of how Asset Management helps with financial planning and decision making
  • Describe a framework for good practice Capital Investment Planning using asset management principles




9:00 a.m. – 4:00 p.m. Central Time

9:00 – 10:00 a.m. : Introduction to Asset Management: Pt 1

  • History of asset stewardship
  • Core principles of ISO 55001
  • Policy and strategy

10:00 – 10:30 a.m. :: Morning Break

10:30 a.m. – 12:00 p.m. : Introduction to Asset Management: Pt 2

  • Asset Management Plans (AMP)
  • The Asset Management System

12:00 – 12:30 p.m. :: Lunch Break

12:30 – 2:00 p.m. :: Water Asset Information 

  • Standards and systems
  • Asset hierarchies and data attributes (e.g. pump station facility, mechanical processes, pumps and motors)
  • Asset information strategy
  • Data and information management (e.g. condition, replacement cost, criticality, etc.)

2:00 – 4:00 p.m. :: Water Asset Risk

  • Overview of ISO 31000 risk standard
  • Identifying risks (e.g. aging infrastructure, growth, seismic resilience)
  • Assessment (Analysis & evaluation) of risks
  • Treatment of risks
  • Contingency planning

4:00 p.m. :: Wrap Up and Adjourn



9:00 a.m. – 4:00 p.m. Central Time

9:00 – 11:00 a.m. :: Water Asset Condition

  • Asset health and performance metrics
  • Age-based, proxy-based & evidence-based condition
  • Benchmarking condition

11:00 a.m. – 12:00 p.m. :: Water Asset Lifecycle: Part 1

  • Lifecycle overview
  • Creating and acquiring assets

12:00 – 12:30 p.m. :: Lunch Break

12:30 – 1:30 p.m. :: Water Asset Lifecycle: Part 2

  • Operating and maintaining assets
  • Disposal of assets

1:30 – 2:30 p.m. :: Levels of Service

  • Stakeholder mapping
  • Leading & lagging indicators
  • KPs, metrics and measures
  • Performance measurement

2:30 – 3:15 p.m. :: Financial Strategies

  • Opex, Capex and Totex
  • Decision-making criteria
  • Prioritization and Optimization
  • Multi-objective Decision Making (MODA)
  • Asset Reinvestment strategies

3:15 – 4:00 p.m. :: People and Continuous Improvement

  • Organizational structure and culture
  • Governance models
  • Resource management
  • Process mapping
  • Change management

4:00 p.m. :: Wrap Up and Adjourn

David Albrice, Director, AIM Asset Insight Management Ltd

David has over 25 years experience in asset management in both the public and private sectors, having provided services for a wide variety of organizations including water utilities, municipalities, airports and rail networks.