2. Asset Management Objectives
1. Describe the steps of compiling an asset management plan.
2. Explain how to develop level of service (LOS) agreements that address regulations, physical limitations, and measurable external and internal goals; how to use various economic approaches to selecting a LOS; and how to communicate the LOS to customers.
3. Discuss the process of developing an asset inventory that includes an assessment of each asset’s condition.
4. Discuss life-cycle costing as a tool to better budget a utility’s expenses.
5. Explain how to optimize O&M and capital investments and how to use adaptive management to improve functional outcomes and resource expenditures. < Previous Next >

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