City Scape

Enriching Asset Management: An Interdisciplinary Approach

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Content Description
Original date: 
Wednesday, September 13, 2023

Asset management maximizes the value of physical assets while balancing cost, quality (levels of service), and risk. It is a complex and interdisciplinary task that requires strong leadership, multidisciplinary knowledge, and effective use of technology and resources. Asset management is especially challenging for public organizations that own a wide range of assets, such as roads, water, sanitary, stormwater infrastructure, facilities, parks, public art, information technology, and fleet. Furthermore, asset management is not merely a technical or a leadership role but a marrying of the whole organization. Hence, asset managers must have a holistic understanding of how their assets support the organization’s long-term goals and how to engage with various stakeholders. The presentation will explore skills, techniques and methodologies to help asset managers achieve better outcomes and meet their objectives. The approaches range from traditional methods to the latest techniques in industry and elsewhere. These include engineering, finance, project management, maintenance management, supply chain, process improvement, public engagement, design thinking, and journalism.

BoK Content Source: 
MainTrain 2023
BoK Content Type: 
Presentation Slides
Asset Management Framework Subject: 
00 Asset Management - General, 1.00 Strategy and Planning General, 2.00 Asset Management Decision Making General, 3.00 Lifecycle Delivery General, 4.00 Asset Information General, 5.00 Organization and People General, 6.00 Risk and Review General
Author Title: 
Asset Management Specialist
Author Employer: 
City of Waterloo
Author Bio: 

Beth Daniel is a professional engineer with over 15 years of experience in the Canadian energy sector in diverse engineering, asset integrity, project management, business planning, operations, maintenance, digital system implementation, and team leadership. For the past three years, she has focused on the public and community sectors serving and contributing to Waterloo Region communities. She currently works for the City of Waterloo as an asset management specialist. Beth holds a B.Sc. in Chemical Engineering and has been a PEMAC member since 2020.