{"id":4736,"date":"2021-03-02T15:38:08","date_gmt":"2021-03-02T15:38:08","guid":{"rendered":"https:\/\/swefc.unm.edu\/iamf\/?page_id=4736"},"modified":"2026-02-26T22:37:17","modified_gmt":"2026-02-26T22:37:17","slug":"introduction-asset-management-benefits","status":"publish","type":"page","link":"https:\/\/swefc.unm.edu\/iamf\/introduction-asset-management-benefits\/","title":{"rendered":"Introduction \/ Asset Management Benefits"},"content":{"rendered":"

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Asset Management Benefits<\/strong><\/h2>\n

 <\/p>\n

Asset management provides a set of tools and practices that can\u00a0assist\u00a0a system in operating,\u00a0maintaining, and managing assets in a cost-effective, sustainable fashion. There are many benefits to implementing asset management, including working more efficiently, improving knowledge management, and knowing how to use your limited finances as effectively as possible. Some benefits are achieved just by\u00a0initiating\u00a0asset management activities, but\u00a0most\u00a0benefits come from fully embracing asset management principles.\u00a0<\/span>\u00a0<\/span><\/p>\n

The type and extent of benefits that can be realized through implementing an asset management program are unique to each system and community. The specific benefits a system achieves will depend on which aspects of the program are most important to the system, where the system\u00a0focuses\u00a0its efforts, how robust the asset management program implementation is, and the needs of its community.<\/span>\u00a0<\/span><\/p>\n

The benefits\u00a0of\u00a0asset management\u00a0planning\u00a0fall within the \u201ctriple bottom line,\u201d\u00a0which includes financial, environmental, and social\u00a0benefits.\u00a0There\u00a0are also overall system\u00a0or workplace\u00a0benefits.\u00a0<\/span>\u00a0<\/span><\/p>\n

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Cost savings<\/span><\/b>:\u00a0\u00a0when\u00a0a system continues\u00a0its\u00a0activity but is doing it in a\u00a0less expensive way.\u00a0<\/span>\u00a0<\/span><\/p>\n

For example, a system\u00a0might\u00a0determine\u00a0there is a cheaper way to repair a pipe based on collecting information on\u00a0the\u00a0costs of various pipe repair techniques and the duration that the repairs last. The system might see savings in the short\u00a0term,\u00a0or\u00a0it\u00a0might not\u00a0see savings\u00a0until many years later.\u00a0<\/span>\u00a0<\/span><\/p>\n

Cost avoidance<\/span><\/b>:\u00a0when the system changes something to avoid having to pay a cost.\u00a0<\/span>\u00a0<\/span><\/p>\n

An example of cost avoidance is addressing the underlying cause of a failure,\u00a0so a repeated repair is eliminated.\u00a0<\/span>\u00a0<\/span><\/p>\n

Revenue Benefits:<\/span><\/b>\u00a0When\u00a0a system increases\u00a0the money coming into\u00a0its\u00a0organization.\u00a0<\/span>\u00a0<\/span><\/p>\n

For example, systems can repair or replace water meters,\u00a0so they read correctly or are sized appropriately for the flow, resulting in\u00a0additional\u00a0revenue. While rate increases are never popular with customers, having\u00a0good information\u00a0to show the need for the rate increase\u00a0might\u00a0help improve revenues.<\/span>\u00a0<\/span><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Environmental Benefits ” open_toggle_text_color=”#000000″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” toggle_text_color=”#000000″ toggle_level=”h4″ toggle_font=”|700|||||||” theme_builder_area=”post_content” open=”off” body_font_size=”16px” sticky_enabled=”0″]<\/p>\n

Systems can take actions that increase the regulatory compliance of their system or improve compliance beyond the required limit. For example, systems can improve or change a process to remove more of a contaminant than required by regulation. Systems can also improve the overall use of resources through asset management and reduce waste products.<\/span><\/span>\u00a0<\/span><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Social Benefits ” open_toggle_text_color=”#000000″ _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” toggle_text_color=”#000000″ toggle_level=”h4″ toggle_font=”|700|||||||” theme_builder_area=”post_content” open=”off” body_font_size=”16px” sticky_enabled=”0″]<\/p>\n

When thinking about social benefits, system managers should consider the benefits to their customers<\/span>,\u00a0<\/span><\/span>elected leaders\/governing bod<\/span>ies<\/span>\/owners<\/span>,<\/span>\u00a0<\/span>and employees. Systems can use asset management tools to improve a process or procedure that will increase<\/span>\u00a0<\/span>safety, reliability, and<\/span>\u00a0<\/span>customer satisfaction. Changing proces<\/span>se<\/span>s\u00a0<\/span><\/span>might<\/span>\u00a0<\/span><\/span>lead<\/span>\u00a0<\/span>more effective and efficient utility operations resulting in<\/span>\u00a0<\/span><\/span>optimal<\/span>\u00a0<\/span>production and distribution and<\/span>\u00a0<\/span>a reduction in the number of\u00a0<\/span><\/span>specific or general\u00a0<\/span><\/span>customer complaints overall or complain<\/span>t<\/span>s of a particular type.\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”System\/Workplace Benefits ” _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” toggle_level=”h4″ theme_builder_area=”post_content” open=”off” body_font_size=”16px” sticky_enabled=”0″]<\/p>\n

Asset management tools can also help system staff provide better justification for projects to\u00a0decision makers and the community,\u00a0which will make it easier for those leaders to approve funding requests.\u00a0<\/span>\u00a0<\/span><\/p>\n

Employees are often a forgotten part of the asset management program,\u00a0but benefits for employees are a critical\u00a0component. More planned\u00a0work and\u00a0less reactive work will improve their ability to perform their job. Additionally, a more organized and efficient workplace will reduce safety\u00a0incidents\u00a0and create opportunities for career advancement.<\/span>\u00a0<\/span><\/p>\n

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Knowledge Transfer – Larry Covington, President, Picacho Mutual Domestic Water Association, Las Cruces, NM<\/h5>\n

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The benefits of a proper map and inventory – Shawn McLean, General Foreman, Public Works Dept., City of Somersworth, NH<\/h5>\n

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The benefits of a proper inventory for future collaboration\/partnerships – Doug Powers, Community Development Director, City of Tucumcari, NM<\/h5>\n

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Using Asset Management to provide a clear picture of where the system is at – Gilbert Miera, Board President, Arenas Valley Water Development Association, Silver City, NM<\/h5>\n

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Using Asset Management to justify your needs to your board – Ted Riehle, Chief Operator, Old Forge Wastewater Treatment Plant, Old Forge, NY<\/h5>\n

[\/et_pb_text][et_pb_video src=”https:\/\/youtu.be\/MwOJv4x1lJg” _builder_version=”4.16″ _module_preset=”default” border_radii=”on|25px|25px|25px|25px” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_video][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

The benefits of having an Asset Managment Plan in an emergency – Mike Daley, President, White Cliffs Mutual Domestic Water Association, Gallup, NM<\/h5>\n

[\/et_pb_text][et_pb_video src=”https:\/\/youtu.be\/4JYmMuYVeP0″ _builder_version=”4.16″ _module_preset=”default” border_radii=”on|25px|25px|25px|25px” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_video][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.16″ _module_preset=”default” width=”100%” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

The relationship between up-to-date infrastructure and the community – Doug Powers, Community Development Director, City of Tucumcari, NM<\/h5>\n

[\/et_pb_text][et_pb_video src=”https:\/\/youtu.be\/x5UqhOvzHTY” _builder_version=”4.16″ _module_preset=”default” border_radii=”on|25px|25px|25px|25px” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_video][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

Using Asset Management to communicate progress with elected officials – Chris Jacobs, Chief Engineer, City of Somersworth, NH<\/h5>\n

[\/et_pb_text][et_pb_video src=”https:\/\/youtu.be\/Ct4s5nqeBuI” _builder_version=”4.16″ _module_preset=”default” border_radii=”on|25px|25px|25px|25px” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_video][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.16″ _module_preset=”default” width=”100%” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

Using Asset Managment to communicate the budget to the community – Ted Riehle, Chief Operator, Old Forge Wastewater Treatment Plant, Old Forge, NY<\/h5>\n

[\/et_pb_text][et_pb_video src=”https:\/\/youtu.be\/vADUVxdbZv8″ _builder_version=”4.16″ _module_preset=”default” border_radii=”on|25px|25px|25px|25px” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_video][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n

Using Asset Management to justify capital projects – Kevin Campanella, P.E., Assistant Director \u0096 Asset Management, Department of Public Utilities, City of Columbus, OH<\/h5>\n

[\/et_pb_text][et_pb_video src=”https:\/\/youtu.be\/ciavy9x4Szs” _builder_version=”4.16″ _module_preset=”default” border_radii=”on|25px|25px|25px|25px” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_video][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

Asset Management Benefits   Asset management provides a set of tools and practices that can\u00a0assist\u00a0a system in operating,\u00a0maintaining, and managing assets in a cost-effective, sustainable fashion. There are many benefits to implementing asset management, including working more efficiently, improving knowledge management, and knowing how to use your limited finances as effectively as possible. Some benefits are achieved just by\u00a0initiating\u00a0asset management activities, but\u00a0most\u00a0benefits come from fully embracing asset management principles.\u00a0\u00a0 The type and extent of benefits that can be realized through implementing an asset management program are unique to each system and community. The specific benefits a system achieves will depend on which aspects of the program are most important to the system, where the system\u00a0focuses\u00a0its efforts, how robust the asset management program implementation is, and the needs of its community.\u00a0 The benefits\u00a0of\u00a0asset management\u00a0planning\u00a0fall within the \u201ctriple bottom line,\u201d\u00a0which includes financial, environmental, and social\u00a0benefits.\u00a0There\u00a0are also overall system\u00a0or workplace\u00a0benefits.\u00a0\u00a0Cost savings:\u00a0\u00a0when\u00a0a system continues\u00a0its\u00a0activity but is doing it in a\u00a0less expensive way.\u00a0\u00a0 For example, a system\u00a0might\u00a0determine\u00a0there is a cheaper way to repair a pipe based on collecting information on\u00a0the\u00a0costs of various pipe repair techniques and the duration that the repairs last. The system might see savings in the short\u00a0term,\u00a0or\u00a0it\u00a0might not\u00a0see savings\u00a0until many years later.\u00a0\u00a0 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-4736","page","type-page","status-publish","hentry"],"yoast_head":"\nIntroduction \/ Asset Management Benefits - Integrated Asset Management Framework<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/swefc.unm.edu\/iamf\/introduction-asset-management-benefits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Introduction \/ Asset Management Benefits - Integrated Asset Management Framework\" \/>\n<meta property=\"og:description\" content=\"Asset Management Benefits   Asset management provides a set of tools and practices that can\u00a0assist\u00a0a system in operating,\u00a0maintaining, and managing assets in a cost-effective, sustainable fashion. 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The specific benefits a system achieves will depend on which aspects of the program are most important to the system, where the system\u00a0focuses\u00a0its efforts, how robust the asset management program implementation is, and the needs of its community.\u00a0 The benefits\u00a0of\u00a0asset management\u00a0planning\u00a0fall within the \u201ctriple bottom line,\u201d\u00a0which includes financial, environmental, and social\u00a0benefits.\u00a0There\u00a0are also overall system\u00a0or workplace\u00a0benefits.\u00a0\u00a0Cost savings:\u00a0\u00a0when\u00a0a system continues\u00a0its\u00a0activity but is doing it in a\u00a0less expensive way.\u00a0\u00a0 For example, a system\u00a0might\u00a0determine\u00a0there is a cheaper way to repair a pipe based on collecting information on\u00a0the\u00a0costs of various pipe repair techniques and the duration that the repairs last. The system might see savings in the short\u00a0term,\u00a0or\u00a0it\u00a0might not\u00a0see savings\u00a0until many years later.\u00a0\u00a0 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/swefc.unm.edu\/iamf\/introduction-asset-management-benefits\/\" \/>\n<meta property=\"og:site_name\" content=\"Integrated Asset Management Framework\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-26T22:37:17+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/introduction-asset-management-benefits\\\/\",\"url\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/introduction-asset-management-benefits\\\/\",\"name\":\"Introduction \\\/ Asset Management Benefits - Integrated Asset Management Framework\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/#website\"},\"datePublished\":\"2021-03-02T15:38:08+00:00\",\"dateModified\":\"2026-02-26T22:37:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/introduction-asset-management-benefits\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/introduction-asset-management-benefits\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/introduction-asset-management-benefits\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Introduction \\\/ Asset Management Benefits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/#website\",\"url\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/\",\"name\":\"Integrated Asset Management Framework\",\"description\":\"Combining Green and Gray Assets\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/swefc.unm.edu\\\/iamf\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Introduction \/ Asset Management Benefits - Integrated Asset Management Framework","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/swefc.unm.edu\/iamf\/introduction-asset-management-benefits\/","og_locale":"en_US","og_type":"article","og_title":"Introduction \/ Asset Management Benefits - Integrated Asset Management Framework","og_description":"Asset Management Benefits   Asset management provides a set of tools and practices that can\u00a0assist\u00a0a system in operating,\u00a0maintaining, and managing assets in a cost-effective, sustainable fashion. There are many benefits to implementing asset management, including working more efficiently, improving knowledge management, and knowing how to use your limited finances as effectively as possible. Some benefits are achieved just by\u00a0initiating\u00a0asset management activities, but\u00a0most\u00a0benefits come from fully embracing asset management principles.\u00a0\u00a0 The type and extent of benefits that can be realized through implementing an asset management program are unique to each system and community. The specific benefits a system achieves will depend on which aspects of the program are most important to the system, where the system\u00a0focuses\u00a0its efforts, how robust the asset management program implementation is, and the needs of its community.\u00a0 The benefits\u00a0of\u00a0asset management\u00a0planning\u00a0fall within the \u201ctriple bottom line,\u201d\u00a0which includes financial, environmental, and social\u00a0benefits.\u00a0There\u00a0are also overall system\u00a0or workplace\u00a0benefits.\u00a0\u00a0Cost savings:\u00a0\u00a0when\u00a0a system continues\u00a0its\u00a0activity but is doing it in a\u00a0less expensive way.\u00a0\u00a0 For example, a system\u00a0might\u00a0determine\u00a0there is a cheaper way to repair a pipe based on collecting information on\u00a0the\u00a0costs of various pipe repair techniques and the duration that the repairs last. The system might see savings in the short\u00a0term,\u00a0or\u00a0it\u00a0might not\u00a0see savings\u00a0until many years later.\u00a0\u00a0 […]","og_url":"https:\/\/swefc.unm.edu\/iamf\/introduction-asset-management-benefits\/","og_site_name":"Integrated Asset Management Framework","article_modified_time":"2026-02-26T22:37:17+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/swefc.unm.edu\/iamf\/introduction-asset-management-benefits\/","url":"https:\/\/swefc.unm.edu\/iamf\/introduction-asset-management-benefits\/","name":"Introduction \/ Asset Management Benefits - Integrated Asset Management Framework","isPartOf":{"@id":"https:\/\/swefc.unm.edu\/iamf\/#website"},"datePublished":"2021-03-02T15:38:08+00:00","dateModified":"2026-02-26T22:37:17+00:00","breadcrumb":{"@id":"https:\/\/swefc.unm.edu\/iamf\/introduction-asset-management-benefits\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/swefc.unm.edu\/iamf\/introduction-asset-management-benefits\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/swefc.unm.edu\/iamf\/introduction-asset-management-benefits\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/swefc.unm.edu\/iamf\/"},{"@type":"ListItem","position":2,"name":"Introduction \/ Asset Management Benefits"}]},{"@type":"WebSite","@id":"https:\/\/swefc.unm.edu\/iamf\/#website","url":"https:\/\/swefc.unm.edu\/iamf\/","name":"Integrated Asset Management Framework","description":"Combining Green and Gray Assets","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/swefc.unm.edu\/iamf\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/pages\/4736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/comments?post=4736"}],"version-history":[{"count":32,"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/pages\/4736\/revisions"}],"predecessor-version":[{"id":25410,"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/pages\/4736\/revisions\/25410"}],"wp:attachment":[{"href":"https:\/\/swefc.unm.edu\/iamf\/wp-json\/wp\/v2\/media?parent=4736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}