Asset Management (AM)

Our vision

“To deliver and strengthen the evidence needed to improve asset management practice and reduce flood and erosion risk”

Asset management is about making the most of the resources we have and gaining best value from the work we do. In terms of flood and coastal risk management this means ensuring we plan and deliver investment to gain the most effective reduction in flood risk to the public and infrastructure.

Our asset management decisions need to be risk informed but often have to be made with incomplete information. Research to ensure our decisions are justified is important. The synthesis of research for guidance to continue to improve asset management practice is essential.

Focus areas

We will prioritise research and development for England and Wales to improve asset management practice in the following systems:

  • Coastal
  • Tidal and fluvial (recognising the channel, both natural and artificial and the floodplain are assets)
  • Reservoirs
  • Drainage (particularly sustainable urban drainage)
  • Low lying and low stream power (typically pumped systems)
  • Critical infrastructure

Aims

To provide all flood and coastal erosion risk management (FCERM) authorities with evidence that helps them to:

  • Ensure that FCERM assets remain appropriate for the changing conditions in which they must perform
  • Minimise loss of life due to flood and coastal erosion, and provide best value over the service life of FCERM assets
  • Ensure assets perform optimally – both under normal service conditions, and resiliently and predictably under extreme storm or flood events, and event sequences
  • Drive increasing efficiency in investment by improving the whole life-cycle management of assets, reducing costs and maximising the benefits
  • Work with natural processes to achieve the most sustainable solution which maximises outcomes for society, the economy and the environment