1. Assessment and Analysis a. Review existing risk models for linear and vertical assets to determine available asset level risk data and methods b. Identify gaps and areas for improvement c. Review strategic initiatives, budget/CIP, and prioritization process for budget development 2. Stakeholder Engagement and Communication a. Engage the board and OWASA’s executive team and develop meaningful levels of service (LOS) and key performance indicators (KPIs) that can be leveraged for the capital investment strategy b. Facilitate communication with OWASA’s management, staff, board, and stakeholders c. Provide regular updates and reports documenting the effort and findings 3. Development of Capital Investment Strategy a. Develop renewal and replacement investment levels to meet OWASA’s goals for LOS/KPI, financial metrics, and long term obligations for capacity b. Develop plan to incorporate asset level risk models into long term capital investment strategy c. Develop or refine existing prioritization processes to determine optimal project programming to align with the strategy d. Develop method of budget deferral analysis as it pertains to organizational risks and alignment with desired LOS and KPIs...
