Risk Based Approach to Asset Management

Presentation Type: Presentation (60 minutes)

Skill Level: Beginner, Intermediate, Advanced

Intended Audience: GIS User, GIS Builder, GIS Developer, Management

Abstract

The use of a Risk Based Approach to managing assets has increased significantly throughout the Utilities industry over the last decade. Rick-based management has shown to be effective for asset managed systems by using risk to balance the operational performance of assets against the asset life-cycle costs. Expenditures on assets is identified by identifying what risk exposure is acceptable to stakeholders. By identifying what level of risk is acceptable, benchmarking this risk, and taking advantage of industry best practices for capturing data, we can take advantage of data driven decision making tools to get maximum value from our physical assets. Join us as we discuss and demonstrate how we have been able to help our stakeholders identify the cost of maintaining their sewer systems by taking advantage of GIS and the data supporting not just the physical characteristics of assets, but also the political and environmental components to help fully understand and mitigate risk associated with our collection and storm assets.

Presenter(s)

Jeff Weaver

Director of Digital Solutions, Abonmarche

Jeff Weaver is a driven and results-oriented information systems professional with extensive experience in planning, developing, implementing, and managing digital projects. Since joining Abonmarche in 2021 as the Director of Digital Solutions, Jeff has significantly advanced the company’s digital capabilities. His leadership has been pivotal in rolling out innovative solutions that have streamlined operations and improved business processes.€¯ Jeff excels in understanding stakeholder needs, pinpointing challenges, and deploying digital tools to resolve issues effectively. His approach balances technical expertise with strong project management skills, ensuring projects are completed on time and within budget.€¯ Among his notable achievements, Jeff led a major initiative to integrate a new geodatabase system that enhanced data accuracy and accessibility for water management projects, resulting in a 25% increase in operational efficiency. He also spearheaded the development of a comprehensive asset management application that streamlined capital improvement planning and environmental compliance for several high-profile clients.€¯ Jeff’s skill set includes information management consulting, geodatabase development, data collection, management, reporting, and applications development. His work spans diverse fields such as water management, capital improvement planning, asset management, environmental compliance, land management, and utilities management (including electric, gas, and sewer/storm systems).€¯ Jeff holds a degree from Indiana University and is known for his innovative approach and commitment to leveraging technology to drive business success€¯.