Asset Management IQ This online assessment, also available as a printable PDF, provides questions about the core components of asset management to assess how water systems are performing. Access Online...
Asset Management: The Five Core Components This one-page diagram quickly outlines the five core components of Asset Management: Assets, Service Level, Criticality, Life Cycle and Funding and the key questions associated with each of them. Download...
Level of Service Importance vs. Urgency Matrix Create a list of goals and write each goal individually on a sticky note. Gather the team at your system together and have them place each sticky note, either as a group or individually, in each square. You can decide if...
Criticality Table and Chart Use these criticality charts to calculate the criticality (risk) of your asset. Assign a probability of failure (PoF) score and consequence of failure (CoF) score to each asset and use the table to multiple the PoF and CoF scores to...
Asset Decision Matrix – Phase 1: Deal with the Immediate Crisis Asset failure is typically thought of in terms of mortality, i.e. that the asset has broken. However, an asset can be operating and still functionally fail due to regulatory, capacity, and/or...
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