Risk and Reliability of Infrastructure Asset Management Workshop
Abstract
A workshop was held August 15-18 in Alexandria, Virginia to begin the dialog on the methodologies available and the status of how the US Army Corps of Engineers assesses its Civil Works infrastructure and applies risk and reliability in the management of that infrastructure. The workshop was organized by the US Army Engineer Research and Development Center (ERDC) in collaboration with Headquarters, USACE and in support of the initiatives on asset management. Over 75 people attended representing 6 of 8 Corps divisions, many districts, HQ, ERDC, Institute for Water Resources and academia. The group included a diverse representation of planners, economists, engineers, operators, researchers and managers. The reliability of many USACE structures has been reduced and the risk of failure has been increased due to age and insufficient funds for proper maintenance and rehabilitation. A sustainable infrastructure plan based on intelligent asset management, is the fundamental principal of both the USACE Campaign Goal 3C and the Presidents initiative through Executive Order 13327, Federal Real Property Asset Management. Implementation of a robust plan is the best way to prioritize needed infrastructure improvements with limited funds. A critical component in establishment of an asset portfolio and an adaptive management strategy is the knowledge of an assets condition, its functional reliability, and the risks and consequences of poor performance or failure. A plan for Intelligent Asset Management does not exist for the entire portfolio of Corps assets at this time due to lack of assembled information, standardized assessment practices, and integrated policies for addressing information about structures condition, functional reliability and the risks and consequences of failure.
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 2006
- Accession Number
- ADA457119
Entities
Organizations
- Engineer Research and Development Center