Tool for Risk Management of Water Utility Assets

Develops a framework and electronic tool to enable water and wastewater utilities to adopt a common understanding and common principles in risk management of their assets, conforming with relevant international standards and best practices and allowing risks to be compared and prioritized between utilities and other organizations. Devises an approach, adaptable to individual circumstances, for utilities to assess and manage the risk of their assets, covering cost, decision models, strategic security, the role of expert judgment, and the impact of asset standards on performance (including environmental), customer service, and investment requirements. The report includes a CD with the electronic tool. In 2009, the electronic tool was integrated into the SIMPLE Website under SAM TOOLS (see Project #4013 to get to the SIMPLE Website). UKWIR contracted this project to Mott MacDonald. Research partner: GWRC. Includes a CD-ROM. Published in 2009.