Asset management and operations

Asset management is the process of evaluating asset condition and developing effective capital investment and maintenance plans that maximize the useful life of public infrastructure assets. Many industry professional associations, such as the American Public Works Association (APWA) and the International Facility Management Association (IFMA) have defined detailed criteria for effective asset management. As a matter of practice, Raftelis draws upon these best practice frameworks to define improvement opportunities. However, it is first important to fully understand how the ongoing work of the organization aligns with sound asset management practices.

Depending on the size of your organization, you’ll invest millions of dollars—even hundreds of millions of dollars—to manage the infrastructure and assets that your residents and customers rely on every day. Making strategic decisions about the assets you manage—transportation, water, wastewater, electricity—is big business and can often be difficult to get objective advice on. That’s where Raftelis focuses. As a firm that supports local governments and utilities in how they finance their assets, we can take the assessed condition and performance of your core assets and help you make sound decisions around their future repair and replacement.

Our asset management and financial experts identify all revenues and costs associated with capital assets and integrate your financial, technical, and budgetary planning. This results in cost-effective decisions that help manage assets to be sustainable, minimizing their total lifecycle costs.

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