In many countries worldwide, water utility companies are often operating in crisis mode, as stakeholders refine investment strategies to ultimately help create a circular economy.
Critical water utility infrastructures can only maintain resiliency and sustainability when the right investment at the right time is conducted with proactive Asset Investment Planning (AIP) support. AIP decisions are frequently affected by diverse factors, such as aging infrastructures, climate change, lack of funding, and population growth.
With increasingly high rates of watermain failures and sometimes inadequate stormwater treatment, our most precious commodity washes away at times, possibly even contaminating our water resource systems.
Decision-makers require advanced financial modelling software to safeguard and digitalize the organization’s collective AIP expertise.
City of Montreal
The City of Montreal spends hundreds of millions of dollars annually on maintaining and renewing its water supply (water mains), wastewater (sewer) and roadway (pavement and sidewalks) infrastructure.
Asset Management Challenges
> Strategic Trajectories
Watermains, wastewater treatment, stormwater, and sewage networks in various parts of the world are mostly nearing the end of their lifespans or operating at or near full capacity. They require additional investments to expand and maintain infrastructure sustainability. Countries are urgently acting to achieve greener potable, stormwater, and wastewater systems to ensure public health & safety and sustainability.
> Desired Levels of Service
With aging infrastructures, cities are under pressure to increase their water infrastructure budgets, as well as mitigate the massive investment gaps and maintenance deficits. The response is to reallocate funds/taxes from other budgets or to increase water taxes/tariffs. Asset management professionals require solutions for managing rate justification cases. Transparent and consistent processes for producing reliable investment planning scenarios are essential for credible reporting of assets.
> Workforce Turnover
As retirement and transferring out loom, safeguarding and automating subject matter expertise becomes imperative. This way, precious knowledge can be captured, formalized, and centralized.
How DIREXYON Suite
Solves Water Utility
Optimize decisions that affect public health, safety, and welfare. Scope out profitable, evidence-based strategies that assist in targeting levels of service, stabilizing rate bases, and achieving the desired water and wastewater infrastructure reliability at the lowest cost. Simulate stochastic (or random) evolution of an asset’s variable parameters (apparent age, inflation, breakage, etc.).
DIREXYON Suite benefits
Risk, Cost & Performance
DIREXYON Suite yields sustainable annual cost savings of 20-30% over an integral asset life cycle for a consistent level of service.
DIREXYON Suite Modules
Asset Investment Planning
The ultimate strategic combo-pack of decision-support, predictive analysis & simulation modules solutions.
Portfolio Optimization & Management
Select the best combinations of projects encompassing all your resource and financial constraints for an optimized delivery plan.