To provide ongoing services, local governments need to systematically address the full range of costs, beyond construction of water facilities. This experiment supported districts to apply the life-cycle costs approach and asset management, so that their water and sanitation plans and budgets would... Read more...
Asset management is "the combination of management, financial, economic, engineering and other practices applied to physical assets with the objective of providing the required level of service in the most cost-effective manner" (National Asset Management Steering Group, 2006). In practical terms... Read more...