Asset Management Practices A Practical Approach for Both Basic and Advanced Practitioners

With trillions of dollars needed for infrastructure repairs and upgrades in the coming decades, effective asset management has become a critical priority. This course dives into EPA-backed asset management frameworks, covering essential topics like risk analysis, asset registers, and service life evaluations. Through case studies and practical exercises, attendees will gain actionable insights to strengthen reinvestment decisions, mitigate risks, and improve system performance.

• Utility managers, directors, and engineers responsible for critical infrastructure systems.
• Asset management and risk management professionals aiming to enhance system reliability and efficiency.
• Government officials, financial officers, and consultants involved in prioritizing and funding infrastructure projects.

Overview of Asset Management

• Discussion of participant objectives
• Asset management principles and fundamentals

Asset Registers

• Asset data considerations
• Inventories, hierarchies, and registers
• Gathering and assembling the data - how to get started
• Class exercise

Asset Condition and Remaining Life

• Determining asset condition scores
• Typical failure modes
• Asset physical effective life and remaining life
• Class exercise

Levels of Service

• Internal and external level of service targets
• Triple bottom line LOS statements
• Key performance indicators
• Balancing future demand with current capabilities

Risk as a Component in Asset Management Decision Making

• Implementing a risk framework
• Business risk exposure
• Probability of failure x consequences of failure
• Class exercise

Case Studies in Asset Management

• Examples of larger and smaller utilities
• Water, wastewater, and combined utilities

The Reinvestment Decision: Business Case Evaluation

• Life cycle cost analysis
• Risk reduction
• Strategic level – how many assets will fail
• Tactical level – which assets will fail
• Class exercises

Asset Management Plans and Risk Mitigation

• Putting it all together
• The role of redundancy
• Defining tolerable risk
• Decision-making tools
• Class exercise

"Awesome information, very engaging, loved the real-life examples."

"Excellent balance of interactive workshops combined with world class instruction."

"Comprehensive real life examples."

"Workshops and class exercises were great!"

"Will immediately use the ideas from this course at my job."

"Great guidance on how to use the date to make decisions."

"This course is absolutely worth the investment!  It forces you to think differently in many areas."

"New and experienced asset managers will benefit very much from this material."

Gage Muckleroy

Gage Muckleroy, PE, BCEE is a Principal Asset Management Consultant with GHD with more than 32 years of experience in the fields of civil engineering and utility asset management (AM) for water, wastewater and stormwater infrastructure. Gage has extensive experience in AM strategy development and implementing AM programs for a wide variety of organizations. Based in Bowie, MD, Gage is nationally recognized in the field of AM and has led many of GHD’s largest AM projects in the United States.

Seth McClure

Seth McClure, PE has been actively involved with Asset Management for eight years, first as the Asset Manager at the Madison Water Utility, and most recently as supervisor for asset management programs at the Madison Metro Sewerage District. More recently, Seth has shifted his focus from engineering and asset management to issues surrounding the governance of utilities, strategic planning, and leadership development. Seth is currently the Strategic Planning and Policy Advisor for MMSD. A former high school teacher, freelance writer, and carpenter, Seth is a graduate of the University of Texas at Austin and the University of Wisconsin, Madison.

Mert Muftugil

Mert Muftugil, PE, practiced Asset Management (AM) in the water space for 12 years in the private sector. Afterwards, Mert joined Portland Water Bureau (PWB) in 2019 to work in the AM Branch. Mert’s career has focused on teaching and applying both fundamental and advanced AM concepts in the water and wastewater space, as well as performing gap assessments. Mert is currently the Supervising Engineer for the Portland Water Bureau’s AM Branch and aims to maintain and improve the practical applications of AM framework for PWB’s assets. Mert is also an active member of the AWWA’s Asset Management Committee and Maintenance & Reliability Subcommittee.