Regional Prosperity Initiative

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Integrated Asset Management

Asset Management Summits

As part of the recently announced Fiscal Year 2019 Regional Prosperity Initiative Grant awards, the West Michigan Prosperity Alliance received $70,000 for Integrated Asset Management. This one-time grant award requires the Region to work with the newly formed Michigan Infrastructure Council to coordinate two regional Communication and Coordination summits, and work toward the development and implementation of a statewide asset management program through collaboration and coordination with the Transportation Asset Management Council, the Water Asset Management Council, and the Michigan Infrastructure Council (MIC).

This project will also help build upon the work and lessons learned from the Infrastructure Asset Management Pilot Project conducted in 2017 and 2018. Stay tuned for more information as the important project develops over the upcoming year(s).

On May 16, 2019 the West Michigan Prosperity Alliance hosted the first set of 14 statewide Communication and Coordination Summits focused on integrated infrastructure asset management. The west Michigan summits brought together nearly 90 stakeholders at Muskegon Community College and included a mixture of presentations, interactive problem-solving, and facilitate discussion regarding the subject of Michigan’s infrastructure.

The second set of statewide Communication and Coordination summits was once again kicked off in west Michigan on October 15 in Grand Rapids at Fifth Third Ballpark. More than 70 regional leaders were in attendance representing infrastructure assets including transportation, drinking water, wastewater, stormwater, gas, electric, and broadband.

Participants at the October summit learned about the recently completed Transportation Asset Management Plan template and the Water Asset Management Plan templates and future requirements related to each.

During the spring summits, attendees voiced the need for a better way to coordinate projects across the state. As a result, MIC representatives presented a draft state-wide project portal for feedback from the group. The idea of the portal is to have a single point to enter and view future project to encourage project collaboration. This has the potential to save dollars and public inconvenience. The concept of the portal received overwhelming support.

Finally, the group was introduced to an Asset Management Self-Assessment tool. The tool was another outcome of the spring summit. It is intended to be used by asset owners to help identify a baseline level and to identify opportunities to advance asset management within communities and organizations. The MIC is asking asset owners to voluntarily complete the self-assessment to use internally and to share with the regions and state. This will allow the MIC to identify where the state stands as a whole in asset management, and assist in where additional resources will net to be directed.

To assist in the collection of the self-assessments, staff from the WMSRDC, Grand Valley Metropolitan Council, and the West Michigan Regional Planning Commission attended a two-day asset management training event on October 9 and 10 in Lansing.

Stay tuned for more information regarding the work of the Michigan Infrastructure Council, the Project Portal, and the Asset Management Self-Assessments.