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Asset Management

Driving Efficient, Economic and Sustainable Business Practices
Asset management is a lifecycle approach to extracting value from our assets, and it focuses on identifying the needs and justifying the investments necessary to achieve organizational goals, while balancing costs, risks and performance. This is not just better maintenance but the need to institutionalize whole-life thinking as it relates to an agency’s or business' assets.

We work extensively with clients who have real world challenges in managing assets, including managing constrained budgets, maintaining performance and managing risks. Our deep understanding of asset class lifecycle needs combined with business transformation leadership helps organizations improve the services they deliver through more efficient and economic use of the fleet, facilities and infrastructure they manage – doing the right work at the right time, and for the right cost.

Our leadership is defined through our contributions to best practice development – including the International Standard for Asset Management (ISO: 55001:2014), the Federal Transit Administration’s Transit Asset Management Guide, and the National Cooperative Highway Research Program’s guidance on ancillary assets. Our work focuses on the key enablers to successful management and service delivery: people, processes, technology and information.

Services:

  • Organization-wide capability assessment and improvement programs

  • Organizational culture development

  • Organization design

  • ISO assessment and certification

  • Asset management policies, strategies and processes

  • Capital programming and prioritization

  • Data and information analytics

  • Technology solution planning

  • Technology architecture and strategy

  • Technology integration

  • Performance metrics and service level indicators

  • Asset inventory, condition assessment and predictive modeling

  • Failure analysis

  • Maintenance advisory

  • Operations and maintenance budgeting

  • Reliability centered maintenance planning

  • Risk and vulnerability assessment and management

  • Competence assessment

  • Training program development and delivery

LEADING THE WAY

When completed in 2022, the 16-mile Purple Line will provide the region with its first circumferential link connecting to the Washington, D.C. Metro system.

Leading the Way for Asset Management in the U.S.
WSP USA has been admitted as a patron of the Institute of Asset Management for our support in establishing the organization's U.S. chapter. Read more in our Insights.