Integrated Asset Management Framework: Combining Green and Gray Assets

This framework is for water, wastewater and stormwater systems of any size who are interested in implementing asset management practices. The framework integrates green assets into the existing gray asset management framework. It took many years for traditional asset management to be accepted and recognized in water, wastewater, and stormwater sectors but now that it is standard, green infrastructure can benefit from fitting into the same established format. The unified approach in this framework follows the same five core components of traditional asset management, Level of Service, Current State of the Assets, Criticality, Life Cycle Costing and Long-Term Funding so that systems who have implemented asset management already do not need to start over, but rather, add to their existing framework. The framework will help those systems with green assets better align with the approach and strategic objectives applied by many systems to their gray assets.