During this webinar for Sustainable Communities grantees and their coalition partners, Heather Himmelberger from the Southwest Environmental Finance Center introduced participants to asset management, an approach to maintaining infrastructure in a strategic way so that it is sustained over the long term at the lowest overall life cycle cost while meeting the needs of the community. Asset management is a self-educating process that can be done by any organization and is built on what you already know about your assets. Heather walked through the five core components of an asset management program: current state of the assets, level of service, criticality, life cycle costing, and long-term funding.
To demonstrate how this approach can be applied on the ground, Monica Billig and Eric Reed from the University of Maryland Environmental Finance Center shared their experiences working with communities in the Mid-Atlantic region to finance cost-effective stormwater programs and will highlight examples of communities that have successfully used the asset management framework to protect their stormwater infrastructure assets.
Hosted by the Water Infrastructure Capacity Building Team, this session originally aired Tuesday, November 26, 2013.