Asset management is an integrated strategy to manage capital assets, operating and maintenance tasks and costs, and long-term financial planning to provide appropriate levels of service. WSP’s Asset Management Capability Assessment Model provides an assessment of an organization’s asset maturity. The output is used to evaluate and benchmark an organization and support the development of an asset management improvement program.

Our expert team includes authors of and key contributors to international guidelines and best practice development, including the International Standard for Asset Management Systems and ISO 55001: 2014. We help clients to tackle challenges in water, wastewater and stormwater system management. For example, capturing and analyzing data about the assets themselves—their condition, location and real value—in order to make smarter, more cost-effective decisions to better understand their largest risks and avoid critical failures within their water infrastructure.

As clients move through the various phases of asset management improvement programs, WSP helps service providers make informed decisions on asset rehabilitation, repair and replacement; unravel real-world challenges; and improve the services they deliver through more efficient and economic use of infrastructure and facilities they manage. WSP also provides the adapted tariff structures and rates they need—doing the right work, at the right time, for the right cost.