Using an asset management programme to support financial analysis and long-term planning

摘要

As part of developing a long-term asset management programme, financial forecasting is needed to balance renewal and replacement of assets with utility growth and regulation compliance. David Sklar and Ivan Velez discuss the example of Lee County Utilities in Florida, USA, and the process it undertookrnto incorporate financial planning into its asset management strategy.rnMany utilities struggle with accurate long-term financial forecasting of capital needs, including the significant funds required for renewal and replacement (R&R), as critical infrastructure components and systems age. Balancing the financial requirements for R&R projects with requirements for new growth and regulatory compliance is an ongoing challenge for many in our industry.