Asset Management

1. Asset Management Village of Ruidoso Water and Wastewater Systems Asset Management Planning Scott Verhines | PE

2. Definition "Asset management is managing infrastructure assets to minimize the total cost of owning and operating them while continuously delivering the service levels customers desire." -- from the publication, Managing Public Infrastructure Assets Asset Management Planning Scott Verhines | PE

3. Main Elements of AMP Asset Management Planning Scott Verhines | PE

4. Why do this? • Culture change • Benefits > Costs • Best Management Practice • Future funding $ • LOS that customers need / want • Must engage the team Asset Management Planning Scott Verhines | PE

5. Primary Benefits of AMP • Understanding by governing body • Focus on Priorities • Risks / Consequences • Non-cost savings • Capital or Operational expenditures • Cost / Levels of Service Asset Management Planning Scott Verhines | PE

6. Drivers for Implementing AM • Limited resources • Capital and Maintenance Strategies and Budgets • Need to Replace, Upgrade or Expand • Asset Failure Risks and Consequences • Regulatory Requirements • Anticipation of Rate Increases Asset Management Planning Scott Verhines | PE

7. Barriers to Implementing AM • Staff capacity / skill sets • Implementation takes effort • Lack of adequate data • Difficulty with useful targets and measures • Potential staff resistance • Perceptions regarding AM adoption Asset Management Planning Scott Verhines | PE

8. Main Elements of AMP Asset Management Planning Scott Verhines | PE

9. Status • Asset Inventory – underway VoR • Focus on Water and WW Systems • Good GIS basis for already • “master meters” as Pilot Project VoR • Level of Service – finalizing VoR and OEI Asset Management Planning Scott Verhines | PE

10. Questions? Asset Management Planning Scott Verhines | PE