Verified Document

New Jersey's Water Infrastructure Asset Management Term Paper

¶ … Public Infrastructure Asset Management: Asset management has emerged as a valuable approach in the public infrastructure sector since it helps in achieving more value by using fewer resources. Public agencies are increasingly faced with the need to make decisions regarding infrastructure asset management in order to improve effectiveness. In essence, asset management is a framework that is widely accepted to seek and accomplish sustainable infrastructure. This process entails managing infrastructure capital assets to lessen the overall cost of owning and operating them while providing the desired levels of service. Therefore, asset management can basically be defined as managing a desired service level based on the intended purposes of assets at the lowest cost of the life-cycle ("Asset Management," 2012). As a result of the emergence of asset management, there are various approaches that can be taken by these agencies to enhance the effectiveness of their decisions about public infrastructure.

An example of an approach to public infrastructure asset management is the framework adopted by...

The current approach is driven by the typical end-of-pipe regulation. While this approach is crucial for public health and environmental protection, it does not deal with infrastructure integrity directly. The existing water infrastructure for New Jersey is in need of significant repairs since its failures have attracted considerable public attention. This approach is based on deferred maintenance, which reduces costs in the short-term but inevitably increases long-term costs and causes of service disruptions. Therefore, it can be considered as a self-defeating approach to public infrastructure asset management because these long-term costs and service disruptions harm customers and the environment.
In addition, New Jersey's water infrastructure has different organizational and regulatory frameworks for supply of water, wastewater, and stormwater infrastructure for each sector. The differences in regulatory frameworks hinder effective management of existing assets because of the lack of rigorous asset management. The one-size-fits-all…

Sources used in this document:
References:

Sanchez, J.R., Goodwin, P.S. & Van Abs, D.J. 2010, Recommendations for Water Infrastructure

Management and Financing, The Clean Water Council of New Jersey, viewed 26 June 2014, <http://www.nj.gov/dep/cleanwatercouncil/pdf/NJCWC_recommendations_water_infrastructure_financing_final.pdf>

United States Environmental Protection Agency 2012, Asset Management, United States

Environmental Protection Agency, viewed 26 June 2014, <http://water.epa.gov/infrastructure/sustain/asset_management.cfm>
Cite this Document:
Copy Bibliography Citation

Related Documents

Management in Business Operations and Performance
Words: 12446 Length: 45 Document Type: Term Paper

Integrating Total Quality Environmental Management Systems - a Critical Study of TQEM Relevance of TQM to Environmental Management Scope of Dissertation Moving from Reactive to Proactive Management Understanding TQM in Relation to TQEM History of TQM Operation of TQM Quality and Environmental Management Standards Environmental Management Systems Weaknesses of EMS Standards Total Quality Environmental Management Comparing ISO 9000 and ISO 14000 Integrating the ISO 14000 Environmental Management System Demographics Impact of certification on economic and ecological performances Research Design and Nature Integrating a Sustainable EMS with

Strategic Resource Management Hewlett Packard Enterprise
Words: 4914 Length: 15 Document Type: Essay

Activity 1: Human Resource Management (HRM) HP Corporate Objectives Profit: Recognizing that profit constitutes the single most effective measure of the organization's contributions to the community, in addition to being the most basic source of business strength. Attaining maximum possible levels of profit in line with other business goals is the aim. Striving for constant advancement in company offering (i.e., services and products) quality, value, and utility (Hewlett-Packard, 2016). Field of Interest: Focusing efforts

Analysis: Hurricane Sandy and Katrina
Words: 3679 Length: 10 Document Type: Term Paper

Hurricane Katrina and Hurricane Sandy Tropical cyclones can badly destroy settlements and structures along the coast. Recent destructive tropical cyclones such as the 2005 Katrina and the Sandy which happened in 2012 affirm that the destruction caused by a land-falling tropical cyclone is not merely dependent on its categorization on the Saffir-Simpson hurricane scale. The hurricane Sandy of 2012 caused a lot of destruction. Only the hurricane Katrina which happened in

Price-Reduction of Long Haul Fixed-Line
Words: 7630 Length: 18 Document Type: Research Proposal

To avoid repeating negative historical experiences, regulatory regimes need to block the control and domination by networks/platforms. In the report, "Infrastructure and Development: A Critical Appraisal of the Macro Level Literature," Stephane Straub (2007) reported that at times, in some developing companies, "the hope of getting a fixed-line installed is a distant and costly dream" (p. 4). Meantime, the primary option for the individuals waiting for fixed-line telecommunications services

Performance Evaluation of How Hedge
Words: 19967 Length: 80 Document Type: Research Proposal

As a consequence, investors may suffer. Importance of the Study It is necessary and pertinent to discuss the importance of any study, and this particular study is important to many people across many countries. Not only does it have importance for people who are trusting people with their pension and hedge funds in Germany, but it also has importance for people who are considering a career working with these funds and

Narcoterrorism and the Future
Words: 18088 Length: 70 Document Type: Capstone Project

Mexico faces an array of drug-related problems ranging from production and transshipment of illicit drugs to corruption, violence, and increased internal drug abuse. Powerful and well-organized Mexican organizations control drug production and trafficking in and through Mexico, as well as the laundering of drug proceeds. These organizations also have made a concerted effort to corrupt and intimidate Mexican law enforcement and public officials. In addition, the geographic proximity of

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now