This paper presents New Jersey American Water Company's (NJAW) evaluation and management program for prestressed concrete cylinder pipe (PCCP) assets within the Elizabethtown service area of New Jersey. The goals of the PCCP Asset Management Program are to determine the present condition, level of distress and potential risk of failure of the PCCP mains throughout the water system, and to recommend methods of rehabilitation. The results of the 2004 PCCP Monitoring Program are also discussed.