Step 1 – How Do I Inventory My Assets?
Before you can manage your assets, you need to know what you have, what condition it is in, and how much longer you expect it to last. To complete an inventory, list all your assets and collect the following information for each:
- Service history
- Useful life
The worksheet will help you develop an asset inventory and keep track of important information. Detailed instructions are provided. You may want to keep track of your assets on a computer spreadsheet or use custom software.
Inventorying your assets can be an intensive job. Get the best information that you can, but don’t get bogged down in this step and use estimates where needed. If you keep up with an asset management program, new information will become available as assets get replaced or rehabilitated, and your inventory of assets will improve.
Remember! The worksheets in this guide could contain sensitive information about your water system. Make sure you store these worksheets, as well as all other asset information about your system, in a secure location.