This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Strong Growth In Use Of Asset Management Practices Expected In Water Sector Over Next Five Years, According To McGraw-Hill Construction Study

When asked the single biggest driver of wider use of asset management by water utilities, 39% of respondents indicate significant needs in the industry to replace, upgrade or expand existing infrastructure, and 25% regard the need to determine capital investment and maintenance strategies and budgets as most important.

"A lot of people think of asset management as being about the infrastructure itself. While the focus starts there, it is much more holistic than that," said Scott Haskins, CH2M HILL director, management and strategic consulting. "It really is a way of doing business. It involves organizational, operational and decision-making changes."

In addition to helping utilities focus on priorities, asset management practices increase the ability to explain and defend budget and investment proposals to governing bodies, and help leadership better understand the risk and consequence of alternative investments, Haskins notes.

The study provides a unique approach for measuring asset management adoption by defining asset management practitioners by the activities they are currently using rather than by their own assessment of their practice. Based on this approach, 65% of the survey respondents are asset management practitioners (those doing four or more asset management practices out of the 14 practices provided in the survey.)

The 2013 Water Infrastructure Asset Management study was completed in conjunction with five industry associations that reviewed the survey and distributed it to their members: American Public Works Association, American Water Works Association, National Association of Clean Water Agencies, National Association of Water Companies and Water Environment Federation.  The study included 451 respondents from the U.S. and Canada, from utilities ranging from those serving a minimum population of 3,300 to a population of over 500,000.

For the full report, visit http://analyticsstore.construction.com/index.php/water-infrastructure-asset-management-smartmarket-report.html. To see other reports in the McGraw-Hill Construction SmartMarket Report Series, go to construction.com/market_research.

About McGraw-Hill Construction:McGraw-Hill Construction's data, analytics, and media businesses—Dodge, Sweets, Architectural Record, GreenSource, and Engineering News-Record— create opportunities for owners, architects, engineers, contractors, building product manufacturers, and distributors to strengthen their market position, size their markets, prioritize prospects, and target and build relationships that will win more business. McGraw-Hill Construction serves more than one million customers through its trends and forecasts, industry news, and leading platform of construction data, benchmarks, and analytics. To learn more, visit www.construction.com

About The McGraw-Hill Companies: The McGraw-Hill Companies (NYSE: MHP), a financial intelligence and education company, signed an agreement to sell its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management, LLC in November 2012. Following the sale closing, expected in early 2013, the Company will be renamed McGraw Hill Financial (subject to shareholder approval) and will be a powerhouse in benchmarks, content and analytics for the global capital and commodity markets. The Company's leading brands will include: Standard & Poor's, S&P Capital IQ, S&P Dow Jones Indices, Platts, Crisil, J.D. Power and Associates, McGraw-Hill Construction and Aviation Week. The Company will have approximately 17,000 employees in more than 30 countries.  Additional information is available at www.mcgraw-hill.com.

About CH2M HILL:Headquartered near Denver, Colorado, USA, employee-owned CH2M HILL is a global leader in consulting, design, design-build, operations, and program management for government, civil, industrial and energy clients. The firm's work is concentrated in the areas of water, transportation, environmental, energy, facilities and resources. With US$7 billion in revenue and 28,000 employees, CH2M HILL is an industry-leading program management, construction management and design firm, as ranked by Engineering News-Record and named a leader in sustainable engineering and environmental services by Verdantix. The firm has been named a FORTUNE 100 Best Companies to Work For six times. Visit us at ch2mhill.com, twitter.com/ch2mhill and facebook.com/ch2mhill.Search for jobs at ch2mhill.jobs.

Media Contacts: Kathy Malangone, Senior Director, Marketing Communications,McGraw-Hill Construction, +1 212-904-4376, kathy_malangone@mcgraw-hill.com

Bill Doughty, APR, Communications Director, CH2MHILL, +1 720-212-1290, Bill.Doughty@CH2M.com

SOURCE McGraw-Hill Construction

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs