Water Utility Asset Management

Status of Asset Management System Implementation

Foundation Building

  1. Establishment of the Master Plan for the Asset Management System (2010)
    • Project Period
      Sept. 2009 to Jul. 2010
    • Project Scope
      • Survey of K-water’s Maintenance Statu
      • Analysis of the Introduction and Operation Status of Overseas Asset Management Systems
      • Establishment of the Master Plan for Building the Asset Management System
  2. Asset Management System Pilot Project (2018)
    • Project Target
      Daecheong Dam (Metropolitan)
    • Project Period
      Oct. 2015 ~ Jun. 2018
    • Project Scope
      • Establishment of the Direction for Building the Asset Management System
      • Development of Asset Management Logic
      • Understanding the Characteristics of K-water’s Existing Systems
  3. Establishment of a Facility Management System within ERP (2019)
    • Project Period
      Oct. 2017 ~ Mar. 2019
    • Project Scope
      • Integration of Dualized Systems (WFM)
      • Establishment of the Foundation for a Life Cycle Cost Analysis Framework

Full-scale Establishment of the Asset Management System

  1. Pilot Deployment Project (Completed, 2022)
    • Project Target
      Seoul Metropolitan Area (Metropolitan), Ulsan (Industrial)
    • Project Cost
      KRW 3,171 million
    • Project Period
      Dec. 2020 ~ Jun. 2022
    • Project Scope
      • Supplementation of the existing inventory DB
      • Development of logic and algorithms for each stage
      • Preparation of manuals and cost estimation standards
      • Presentation of measures for establishing the asset management system, etc.
  2. Expanded Deployment Project (Completed, through 2024)
    • Project Target
      Seoul Metropolitan Area (Metropolitan) Phases 2–4, Ulsan (Industrial) Phase 2, Geoje (Industrial), Hwaseong (WTP)
    • Project Cost
      KRW 5,243 million
    • Project Period
      Feb. 2023 ~ Sep. 2024
    • Project Scope
      • Supplementation of the existing inventory DB
      • Advancement of logic and algorithms for each stage, etc.
  3. System Establishment Project (Completed, through 2024)
    • Project Target
      K-water ERP System
    • Project Cost
      KRW 6,348 million
    • Project Period
      Jun. 2022 ~ Nov. 2024
    • Project Scope
      • Establishment of an asset management system linked to the ERP system
      • Installation of logic and algorithms for each stage
      • Presentation of maintenance measures for the asset management system

Direction for Establishing the Asset Management System and Future Tasks

  • 01 Data Accumulation and Improved Data Reliability
    • Specification Information

      Improve the consistency between asset information in the system and specification information in the field

  • 02 Improvement of the Input System to Enhance Linkage Rate
    • Improvement of the Registration System

      Improve the system so that location and specification information can be registered simultaneously

  • 03 System Advancement to Improve Data Accuracy

    Development of On-site Correction Functions for Facility Information

    • Point Information

      Implementation of functions allowing revisions and input of changes in specification information, including new entries, through mobile devices in the field

    • Linear Information

      Errors found in linear information in the field, such as alignment discrepancies, are immediately converted into DB data, then periodically compiled for public survey performance review and GIS supplementation

  • 04 Life Cycle (LC)-based Data Management for Water Supply Facilities

    Apply BIM techniques and related methods not only in operation and maintenance but from the design and construction stages on the premise of DT implementation
    Establish a Water DT+ System capable of monitoring, analysis, and predictive simulation throughout the entire life cycle

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