<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> Infrastructure asset management is the integrated, multidisciplinary set of strategies in sustaining public infrastructure assets such as water treatment facilities, sewer lines, roads, utility grids, bridges, and railways . Generally, the process focuses on the later stages of a facility's life cycle specifically maintenance, rehabilitation, and replacement . Asset management specifically uses software tools to organize and implement these strategies with the fundamental goal to preserve and extend the service life of long - term infrastructure assets which are vital underlying components in maintaining the quality of life in society and efficiency in the economy . </P> <P> Infrastructure asset management is a specific term of asset management focusing on physical, rather than financial assets . Sometimes the term infrastructure management is used to mean the same thing, most notably in title of The International Infrastructure Management Manual (2000, first edition). Where there is no problem of confusion, the term asset management is more widely used, as in the professional societies: the Asset Management Council in Australia, and the Institute of Asset Management in the UK . In this context, infrastructure is a wide term denoting road and rail, water, power, etc. assets . </P>

Define asset management for utility and telecom industry
find me the text answering this question