Project #4451

Managing Infrastructure Risk: The Consequence of Failure for Buried Assets

$1,014,760
Completed
Principle Investigator
Robert
Raucher
Research Manager
Mr. Frank J Blaha
Contractor
Abt Associates, Inc.
Risk Assessment
Asset Management
Finance
Utility Management

Abstract

This project produced a user-friendly, utility-focused guidance and a set of tools designed to pragmatically guide water utilities as they strive to integrate risk management principles into their asset management programs. The research provides an approach and methods so that utilities can develop and communicate a sound business case for appropriate levels and types of infrastructure investment. It also developed a compendium of pipe failure impacts, in a TBL framework, that will provide useful data to the whole water sector. In addition to the final report, this project developed a data collection workbook, posted below under Web Tools. Research partners: American Water, City of Los Angeles Department of Water and Power, Tarrant Regional Water District, Anchorage Water & Wastewater Utility, and Passaic Valley Water Commission. Published in 2017.

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