Source: Gregory M. Baird, Journal AWWA, Volume 105, Number 3, March 2013
From the abstract:
How many master plans, project designs, and innovative engineering approaches have been shelved only to gather dust after hundreds of hours of good engineering work? How many capital-budgeted and -approved projects have been deferred or simply canceled after years of dedicated foresight, project planning, and development? The level of frustration among both public and private engineers has heightened in this new economy, which is fraught with uncertainty and doubt. Operations and maintenance personnel share in the experience, with program reductions, hiring freezes, and resources being stretched so thin that they affect service levels and customer response times.
Money Matters — The Future of Water Infrastructure Asset Management, Part 1: Organizing a Centralized Cost Database
Source: Gregory M. Baird, Journal AWWA, Volume 105, Number 1, January 2013