Consequences of Asset Failure

The consequences of asset failure are dependent on the asset type in question.

Water Pipe Failure Consquences

Pipe failure consquences can be classified into three categories²:

1. Direct Cost

• repair
• damage to nearby infrastructure
• water lost

2. Indirect Cost

• supply interruption to business
• reduced fire fighting capacity due to decreased hydraulic capacity

3. Social Cost

• reduction in water quality due to ingress of contaminants
• deterioration of public trust
• traffic disruption
• disruption of water supply to critical facilities e.g. hospitals, home-dialysis

Related Pages

• Risk in Asset Management

External Links & References

1. International Infrastructure Management Manual
2. Makar, J. and Kleiner, Y. (2000). Maintaining water pipeline integrity, AWWA Infrastructure Conference and Exibition, Baltimore, Maryland, USA, March 12-15, 2000.
3. Slippery dip that fell and killed boy 'should have been removed years ago' - The Guardian
4. Google Search