TAUD Take Two: A Simple, Do It Yourself Asset Management System

By now most of the altruistic souls dedicated to public works know that our infrastructure - in the case of utility districts, water and sewer systems - requires a minimum level of annual maintenance to function. Asset mManagement is a philosophy that makes intuitive sense. It's like owning a car. You have to invest modest sums every so often to keep your vehicle in operating condition. Want to skip the oil changes, tire rotation and brake replacements to save a few bucks in the short term? We'll see you at the side of the road.

If asset management is a smart concept, why isn't everyone using it? One reason could be that asset management as it relates to finance's depreciation accounting (like GASB 34) is complex, time consuming and does not incorporate the condition of your infrastructure. We advocate an easy, do-it-yourself method of managing your community's biggest assets. With historic data and simple tools, you can benefit from the promise of asset management: to provide the level of service you wish at the lowest life cycle cost.

Asset Management for Infrastructure: Identification, Prioritization and Justification

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