AWWA G410:2018 pdf download.Business Practices for Operation and Management
This standard describes the critical elements of effective business practices for the operation and management of water, wastewater, and reclaimed water utilities (to be referred to as the water sector). It encompasses the major functions necessary to manage and sustain a successful utility.
The purpose of this standard is to establish criteria for how the water sector develops, measures the performance of, and improves the strategic planning, resource management, and support functions necessary to create and sustain a high- performing organization. This standard describes the framework that successful utilities should use in developing and improving the performance of these business practices, including the establishment of policies and performance standards, the creation of functions and practices, the development of organization capacity and technology, and integration of functions and practices with the larger organization and its strategies.
The following definitions shall apply in this standard:
1. Asset Management (AM): The systematic care, disposal, maintenance, and/or replacement of the total resources of a business, including cash, notes, accounts receivable, inventories, securities, machinery, fixtures, land, buildings (owned or leased), rights of way, easements, or any source of wealth having economic value to the business. AM allows the organization to make rational, prioritized decisions on whether to repair, rehabilitate, or replace an asset based on economic and risk-based factors.
2. Budget: An estimate of proposed expenditures for a given period or purpose and a statement of the means of financing them. 3. Capital improvement program (CIP): A plan, updated or compiled regularly by most utilities, that identifies facility and major equipment requirements over an extended period, often 20 years or more. The CIP is often a part of, or stems from, a water system master plan that combines water demand projections with supply alternatives and facility requirements. It is different from a replacement program, which concentrates on smaller assets generally funded from current revenues or from funds established for replacement. The CIP, by contrast, focuses on larger expenditures funded through some combination of debt, capacity charge revenues, and current revenues.AWWA G410 pdf download.