Archive for September 12, 2016

Asset Management: The Advantages for Wastewater Facilities

Written by Business Success on . Posted in Uncategorized

asset reliabilityRunning a wastewater facility is a huge responsibility, and small decisions (or the lack of proactive decision making) can have a very real impact on the population it services. And we don’t just mean in terms of health and safety; bad decisions can negatively impact local economies as well.

Running a facility of this nature is a high stakes affair, both for employees and local residents. And if the stakes aren’t already high enough, let’s not forget about the web of regulations and legal compliance issues plants and facilities must contend with.

Nonetheless, the fragile nature of our country’s wastewater infrastructure means that this can be an up-hill battle. Estimations report that by 2020, almost half of all assets in wastewater facilities will be past their half-way point for usefulness, according to the Environemental Protection Agency. Fortunately, developments such as asset integrity and/or reliability management and risk-based inspection (RBI) have been accepted by the global community as appropriate methods of efficiently managing assets and systems.

Asset Management: Building Stronger Communities

Water and wastewater systems are incredibly complex networks made up of pipes, valves, tanks, pumps, wells, treatment facilities, and more. All of these parts comprise a group of assets, which tend to lose value over time as the system corrodes and ages. As this aging progresses, the cost of operation and maintenance increases.

Already, upgrading water and wastewater systems is costing major cities, like Baltimore.

Managing these aging assets requires a delicate balance. For many years, it will be less expensive to maintain aging assets than to replace them. However, after a certain point, the expenses become unsustainable, and municipalities would will actually save money in the long-term by replacing the aging assets. That being said, how do you know when you’ve reached that point of no return?

Today, best practices call for asset management, which is important for a number of reasons, particularly for wastewater management plants and facilities.

  • The assets in the facility represent a very large public or private investment, sometimes both.
  • The water infrastructure being operated at the facility is important to the overall economic development of the community and municipality.
  • Proper operation of these water facilities are necessary for public health and safety.
    Asset management directly supports and promotes efficiency and innovation in its systemic operation.
  • Increase knowledge of the location of assets and asset reliability.
  • Better communication with customers.
  • Improved safety and emergency response.
  • The ability to more effectively plan for the future.

Without proper asset management and asset reliability systems in place, that number could be much, much higher.

 

To learn more, contact Pinnacle Advanced Reliability Technologies today for asset integrity and reliability support.