responsible stewardship of the nation's aging Infrastructure
Last Modified 21 August 2010
What Is Responsible Infrastructure Stewardship?
Responsible Infrastructure Stewardship is the voluntarily, unrelenting, and intelligent exercise of due diligence in the process of allocating scarce resources among the repair and replacement needs of an organizationís aging infrastructure and other, competing needs, as well in the related process of selecting infrastructure repair/replacement projects to execute with available funds.
The Responsible Infrastructure Steward exercises attentiveness and prudence in allocating resources and selecting repair projects, and carries out these decision making functions in good faith, after sufficient investigation, and for acceptable reasons.
The Responsible Infrastructure Steward employs a standard of care that recognizes and accounts for the foreseeability of organizational disruption and personal injury due to deferred repairs of aging infrastructure assets.
The Responsible Infrastructure Steward specifically examines and weighs:
∑ the degree of certainty that a given repair deferral will result in functional or physical failure of a particular asset;
∑ the closeness of the connection between the failure and resultant disruption or injury;
∑ the possible magnitude of the potential disruption or injury;
∑ the feasibility, costs, burdens, usefulness, and safety of alternative decisions.