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• Focusing attention on results by clearly defining responsibility, accountability, and reporting requirements within the organization." In contrast to the "Run to Failure" model depicted in the graph on the previous page, the model used in asset management is depicted below. This graph shows the same asset with maintenance interventions at key times to maintain a higher level of service over the life of the asset. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ Falling Source: USEPA, Fact Sheet, Asset Management for Sewer Collection systems, April, 2002 Figure 25 - Asset Management Model of Utility System Management Sewer and water systems are prime candidates for asset management since they are long- lived, high -cost, and complex systems. The public expects they will be well maintained and that the assets will provide a high level of service at minimum cost. These goals are shared by sewer and water professionals including design engineers, system managers, and operators as well. Some of the key elements of asset management which are the responsibility of all members of the organization involved with the utility management are: • Level of service definition • Selection of performance goals • An information system • Asset identification and valuation Page 59