SPEAKERS & SESSIONS
Meet the Speakers:
Dave Clark, City of Washington DC
Rob Corazzola, PowerPlan
Session: Asset Management in State and Local Government – Journey to Data-Driven Decision Management of Capital Assets
Asset Management in State and Local Government – Journey to Data-Driven Decision Management of Capital Assets
Dave Clark, Director, Capital Improvements Program, City of Washington DC
Organizations have invested large amounts of time and resources into collecting capital asset data, implementing the needed modeling software, and then trying to make that data available and meaningful to other stakeholders, with the hope that some management action will occur that helps the organization drive proper investment in its assets.
The City of Washington DC has made the journey to an effective asset management plan. They have defined the total capital asset need, the gap between the total need and the current budget/revenue required to meet that need, and now have recently enacted legislation to fund the gap.
Wall Street bond rating agencies are now including the status and any progress in meeting the total capital needs as part of their evaluation of the District’s credit rating. Washington DC reached this success level in less than two years from an initial proof of concept using the PowerPlan AMP modeling product.
The presenters will discuss three key questions; 1) How does an organization start the journey, given that asset data may not be complete or accurate, 2) How can you objectively prioritize and quantify infrastructure needs and, 3) What are the benefits of modeling my assets and the investment needs, and how do I measure them? Join us to find out what can you learn and apply to your organization from a look into the Washington DC journey… behind the scenes.