ASSET MANAGEMENT CONTINUUM POINTS THE WAY TO EAP, THE ECOLOGICAL ACCOUNTING PROCESS: “It is all about the service. Basically, well-maintained infrastructure assets are worthless IF they do not provide a service. Also, for any asset management approach to be successful, it must not focus on the infrastructure asset by itself,” stated Guy Felio, infrastructure management and resilience specialist, in his keynote address at the 2017 Asset Management BC Annual Conference
“Lack of data and certainty has not stopped municipalities from providing services, managing their assets, and making effective and efficient use of their scarce resources. Extreme weather and future climate uncertainty is another variable to consider; but where to start? There are no reasons not to consider climate uncertainty in asset management. Ultimately, the focus is on the service and the community, and ensuring critical assets maintain functionality during the extreme event, and recover quickly any functionality lost!”
