Integrating Asset Management and the Community Rating System

Activity 540 SBM provides CRS credit for inspections of storage basins. Credit: LAN.

By Tak Makino

Asset Management

Infrastructure asset management is gaining widespread acceptance as a best management practice. Simply put, infrastructure asset management is the set of practices that balance the costs of operations and maintenance of public infrastructure with desired levels of service and a tolerable degree of risk. Asset management takes an integrative approach, combining models of financial planning, maintenance, and replacement to ensure that public infrastructure is managed in a fiscally prudent manner.