AWWA JTMGT64437 PDF

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Asset Management: A Marriage between Finance and Maintenance
Conference Proceeding by American Water Works Association, 02/01/2007

Document Format: PDF

Description

The Upper Occoquan Sewage Authority (UOSA) has had an asset register ofindividual equipment since its treatment plant was commissioned in 1978. Thisregister is now used in the Computerized Maintenance Management Systemsoftware, J.D. Edwards, which is capable of much more than just handling workorders and preventive maintenance. J.D. Edwards is also used by the FinanceDepartment to process financial data and produce financial statements includingfuture cash flow projections. With financial data and maintenance data in thesame software, which the entire organization utilizes, no data needs to beduplicated and everybody will be using the same terminology.Traditionally it is the Operations and Maintenance (O&M) Division that is mostinterested in Asset Management from an equipment maintenance perspective.However, since one of the primary goals of Asset Management is to justifyappropriate replacement funding, cash flow projections and other financialforecasts, UOSA needed to include accounting as well as maintenance staff onthe Asset Management team. The Asset Management program at UOSA so farhas been largely focused on populating and implementing both the financialmodule and the maintenance module of J.D. Edwards with additional data so thatthese two modules can be married and utilized for better managing the assetsfrom a financial as well as a maintenance perspective. Using the same softwareto manage all aspects of the assets will enhance the information flow to analystsand managers so that they can make sound decisions about the assets and willallow decision makers to better identify, prioritize and manage neededinvestments in equipment and infrastructure. Includes 2 references, table, figures.

Product Details

Edition:
Vol. – No.
Published:
02/01/2007
Number of Pages:
9
File Size:
1 file , 1.1 MB
Note:
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