A New Way of Stormwater Management

Applying Asset Management to Stormwater Programs

Presenter: Ed Othmer, PE, CPESC, CPSWQ, QSP/D, ToR

Sponsored by: URS Corporation

On-Demand

1-1.5hr

Credits: 1 PDH / 0.1 CEUs

Aging infrastructure, stringent stormwater quality requirements, and budgetary and workforce constraints demand a new approach to stormwater management. Join Ed Othmer for a FREE webinar exploring a new, “holistic” approach to stormwater management that integrates planning, implementation, and assessment of flood control and water quality protection programs into a single cohesive stormwater management structure. This new approach optimizes resources and integrates municipal management decisions to justify funding needs. Within this discussion, Mr. Othmer will outline how to establish a long-range planning document offering a rational framework within which:

• Owned and managed assets are identified;
• Current and proposed levels of service are defined;
• Future financial needs are forecasted;
• Business risk exposure are analyzed; and
• Service levels and business objectives are linked.

In this webcast, we’ll discuss how establishing Watershed Asset Management Plans (WAMPs) is an effective way to manage program needs at a watershed level and can serve as a road map ensuring that actions and activities addressing flood control and water quality align across municipal departments. We’ll explore how a WAMP provides a vehicle to identify and prioritize potential water quality and flood control challenges, evaluate opportunities for integrating water quality and flood control management into municipal projects and operations and maintenance (O&M) activities within the watershed, and provide an opportunity for public participation. We’ll outline how a WAMP enables an organization to have the information required to make the right decision, at the right time, at the right cost, for the right reason.

Join Ed Othmer to learn how implementing these core asset management processes, stormwater managers will gain knowledge of the assets owned, the remaining useful life to manage, the amount of investment required, and the business risk it faces. The key benefits of this approach are listed below.

• Road map for future asset commitments. Develop a funding model to estimate the revenues required to manage infrastructure at the established Levels of Service.
• Effective use of existing funds. Optimize the use of current funds to achieve the best value from both capital and O&M budgets.
• Future asset requirements. Identify future long-term projects and strategies to deliver the most cost-effective service option from a lifecycle asset management perspective.
• Risk identification. Identify future business risks impacting Division from both level-of-service and cost-of-service perspectives.

Learning Objectives Attendees can expect the discussion and education of the following learning objectives:

• Understand emerging business conditions (increased regulatory requirements, aging infrastructure, funding needs, etc.).
• Understand what asset management is and how it can be applied to a stormwater program.
• Learn how to integrate strategic business planning with asset management.
• Learn how to define your assets and how to establish a hierarchy.
• Define the five core questions about the state of your assets.
• Define the ten step process of developing asset management plans.
• Understand how assets fail.
• Learn how to prioritize the work that needs to be done using risk-based planning.
• Learn how to forecast short- and long-term funding needs.
• Learn the payoffs of asset management.

1FirstCashAdvance

1FirstCashAdvance Financial Help, LLC is a platform that opens fast and easy access to funding for individuals and businesses. Our services aim to improve the financial stability of our customers. Besides the main products, we offer funds for various projects and research in this domain. With our successful Financial Champion Scholarship project, we helped many students to get higher education and financial independence. Our platform sponsors studies and contributes to the organization of seminars and events in the domain of private financial financing. Our goal is to offer quality funding, following the highest standards of the market!

URS Corporation

URS Corporation is a fully integrated engineering, construction and technical services organization with the capabilities to support every stage of the project life cycle. We offer program management; planning, design and engineering; systems engineering and technical assistance; information technology; construction and construction management; operations and maintenance; and decommissioning and closure services. We have more than more than 50,000 employees located in a network of offices in nearly 50 countries. We provide services to a broad range of clients, including U.S. federal government agencies, national governments of other countries, state and local government agencies in the United States and internationally, and private sector clients worldwide. Our work is focused in five key market sectors: Federal, Oil and Gas, Infrastructure, Power and Industrial. Within each of these markets, our comprehensive skills and expertise are a valued resource to clients around the world.