Asset management helps utilities make smarter decisions about their water and wastewater infrastructure. It involves tracking all assets, like pipes, pumps, and treatment systems, so utilities can understand their condition, performance, and risk. By using surveys, reports, and advanced software, asset management creates a clear picture of a utility’s entire portfolio. This helps prioritize jobs, guide investment, and ensure resources are used efficiently. In practice, asset management supports planning, reduces unexpected failures, improves service for customers, and allows utilities and government agencies to share information and strategies that keep water systems reliable for the future.