Strategizing sustainable infrastructure asset management in developing countries

Research output: Contribution to book or proceedingConference articlepeer-review

14 Scopus citations

Abstract

Despite considerable financial issues in funding the infrastructure projects in developing countries, holistic, systematic, and sustainable asset management strategies are not adequately established and practiced in those countries, and this is causing tremendous losses on their economies. Lack of cost-effective management and long-term strategies for deploying, operating, maintaining, and upgrading of the infrastructure, is a threat to the attempt for development. The present paper is the result of an extensive review of literature and research to facilitate and strategize the implementation of the infrastructure asset management. The main strategies which are discussed in this paper are (1) holistic approach, (2) integrated system management, (3) continuous and precise data collection, processing, and sharing, (4) efficient resource allocation, (5) continuous improvement, (6) minimizing the need to create new infrastructures, (7) tracking performance measurement, and (8) efficient risk management. The paper can be used by investors, stakeholders, and decision makers of infrastructure in these countries by presenting: (1) the essentiality of shifting towards new approaches for infrastructure management, (2) the required adjustments in the conventional management practices, and (3) major strategies to actualize the required adjustments based on successful practices.

Original languageEnglish
Title of host publicationInternational Conference on Sustainable Infrastructure 2017
Subtitle of host publicationPolicy, Finance, and Education - Proceedings of the International Conference on Sustainable Infrastructure 2017
EditorsFeniosky Pena-Mora, Lucio Soibelman
PublisherAmerican Society of Civil Engineers (ASCE)
Pages375-387
Number of pages13
ISBN (Electronic)9780784481202
DOIs
StatePublished - 2017
Event2017 International Conference on Sustainable Infrastructure: Policy, Finance, and Education, ICSI 2017 - New York, United States
Duration: Oct 26 2017Oct 28 2017

Publication series

NameInternational Conference on Sustainable Infrastructure 2017: Policy, Finance, and Education - Proceedings of the International Conference on Sustainable Infrastructure 2017

Conference

Conference2017 International Conference on Sustainable Infrastructure: Policy, Finance, and Education, ICSI 2017
Country/TerritoryUnited States
CityNew York
Period10/26/1710/28/17

Scopus Subject Areas

  • Civil and Structural Engineering
  • Management of Technology and Innovation
  • Safety, Risk, Reliability and Quality
  • Renewable Energy, Sustainability and the Environment

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