The goal of any strong enterprise asset management strategy is a cost-effective, results-oriented program that considers all facets of the enterprise. Utilities and municipalities invest regularly in systems such as CIS, GIS, CMMS, and FIS, all of which are populated with data related to their assets. These systems need to serve collectively as the support structure for functions such as asset registry, condition assessment, customer service tracking, maintenance planning, work order management, and financial planning.
Enterprise asset management is not a “one-solution-fits-all” proposition. Organizations have different needs, drivers, technical requirements, and circumstances, which require different solutions. The right plan is the strategy that is tailored to meet your specific needs and leverages your utility’s existing strengths. And the right plan can deliver significant benefits, namely, a better understanding of existing assets and the ability to use and manage these assets to:
Develop growth, forecasting, and CIP strategies based on reliable work, asset, and performance data