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Asset Management

WRc provides innovative approaches to support utilities with the management of their assets in order to establish a balance between acceptable level of services and costs of ownership.

WRc’s asset management approach is an integrated risk-management process by which capital and operational investment needs for all assets are determined in order to achieve regulatory requirements and meet customer satisfaction and strategic business needs.

Developing a sustainable asset management strategy requires optimisation of asset life including serviceability, performance and expenditure. WRc’s asset management team can provide an integrated solution using the following services and tools:

• Asset data ‘health checks’ to assess quality, quantity & accuracy of asset data
• Risk assessment and management to support asset management decision making
• Performance and serviceability assessment of individual or groups of assets e.g. development of KPIs, identification & closure of data gaps
• Performance & condition modelling (using statistical/deterministic methods) to forecast future scenarios
• Deterioration analysis to predict changes in asset condition, performance & the impact on serviceability
• Strategies development for rehabilitation & maintenance planning, from an organisational level through to asset specific needs
• Operations & Capital cost modelling e.g cost benefit analysis, whole life costing
• Infrastructure/pipeline & above ground asset condition, risk assessment and failure analysis
• Visualisation to maximise utilisation of data and processes by decision makers
• International benchmarking of asset management including: investment planning & prioritisation; operations, rehabilitation & maintenance; best use of data; technologies; procedures & costs
• Developing best practice guidance/manuals with stakeholders
• Dispute management in asset operation/failure including provision of expert witness services

The WRc Asset Management Approach

The WRc Asset Managment Toolkit

The Sewerage Risk Management (SRM) website (http://srm.wrcplc.co.uk). For further information.