This paper demonstrates the early stages of a literature review examining the role of risk and asset management of wastewater recycling facilities projects. The procurement of complex infrastructure schemes presents a range of issues to the project team, particularly in the context of risk and asset management.

During the procurement of such projects, it is important to establish an appropriate methodology for risk identification in both technical and non-technical dimensions. A proactive approach of risk management can be accomplished by implementing a comprehensive asset management model so as to optimise the potential societal and commercial gains that may be realised. This paper provides an account of the initial findings of a literature review performed in order to map out the theoretical landscape underpinning risk in an asset management context. A detailed examination of the risks and uncertainties impacting upon wastewater recycling projects is presented and possible approaches to conducting asset management strategies in the plant has also been studied.

Finally, this paper reports on work as part of a wider research study focusing on the application of risk and asset management of wastewater recycling projects in China. Future work will examine how effective risk management procedures maybe embedded within a wider asset management strategy through the entire life-cycle of the asset, in particular, the quantitative and qualitative tools which may be developed in order to realise efficient methodologies.