Measuring Benefits from Asset Management

Description

In this webinar, we discussed the types of benefits that may be accrued to a system from asset management activities, ways of measuring benefits, and provide some specific examples of utilities that have measured benefits and the results they achieved. We undertake asset management because of the benefits it can provide to us and our customers. However, we don’t always take the time to actually measure these benefits.  The benefits might be quantitative: specific cost savings we have achieved or costs we’ve avoided. Or, they may be qualitative: environmental or social benefits that are not easily quantified in monetary terms but are equally important.