Risk management is the most important concept related to the management of w​ater utility assets. Alt​hough the concept of risk management is easy to understand,​​ applying these concepts can be difficult, especially when many of the assets are buried. By objectively quantifying and evaluating the risks posed by the possible failure of an infrastructure asset, utility staff can identify operating and maintenance procedures, or capital rehabilitation and replacement projects, to mitigate the risks of that possible failure.

Executive Tool Kit​

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