ABSTRACT
Good asset management has gained increasing recognition as an approach that gives the information and has associated analytical tools to manage assets more effectively and to plan for long-term needs. Planning and formulating asset management strategies that can meet long-term needs requires that factors such as the progressive deterioration of assets, changes in regulatory requirements, changes in stakeholder expectations and climate change issues are explicitly considered. Flood-risk managers need an asset management system that allows the information generated by the management systems to identify and assess the risks associated with an urban flood management system. The assets associated with urban flood management depends on the history of urban infrastructure provision, the geographic and climatic location of the urban area and the nature of the flooding to which the urban area has traditionally been exposed. Thus, the ensemble of flood management assets will be peculiar to the situation being considered. Once the potential risks have been identified a plan of management interventions to achieve performance and meet the level of service objectives can be formulated. Asset management is a process that involves four distinct phases: inventory and performance monitoring; risk assessment; decision-making; and implementation, Figure 11-1.
