Infrastructure asset management

Infrastructure asset management is the integrated, multidisciplinary set of strategies in sustaining public infrastructure assets such as water treatment facilities, sewer lines, roads, utility grids, bridges, and railways. Generally, the process focuses on the later stages of a facility's life cycle, specifically maintenance, rehabilitation, and replacement. Asset management specifically uses software tools to organize and implement these strategies with the fundamental goal to preserve and extend the service life of long-term infrastructure assets which are vital underlying components in maintaining the quality of life in society and efficiency in the economy.[1] In the 21st century, climate change adaptation has become an important part of infrastructure asset management competence.[2][3]

  1. ^ Cagle, R. F. (2003). "Infrastructure Asset Management: An Emerging Direction". AACE International Transactions.
  2. ^ "Piryonesi, S. M. (2019). The Application of Data Analytics to Asset Management: Deterioration and Climate Change Adaptation in Ontario Roads (Doctoral dissertation)".
  3. ^ "The Institute of Asset Management (IAM): The IAM Competences Framework" (PDF).

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