Water Asset Management International 1.1 (2005) 22-25

Benchmarking asset management

Andrew Foley

Water Services Association of Australia
Australia

The capital-intensive nature of the water industry demands that utilities should be good asset managers. An ability to demonstrate this has often been required by economic regulators. These regulators have sometimes imported expertise from overseas where drivers for capital expenditure often differ to those domestically. However, results are often non-transparent and provide little or no direction to the utility or the regulator as to how improvement can be achieved.
In response to this, the major urban water industry developed a framework that would facilitate transparent assessment of asset management practices and support communication of results to stakeholders. This paper describes the principles and objectives of the framework, and its implementation in a multi-national urban water industry project involving 23 participant utilities.

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