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Asset Management Framework

Asset Management Policy

  • Nominate what asset management related documents are required, define what information they should contain, who should be involved in the development of each document and how often they should be reviewed;
  • Nominate the factors that should be taken into account when making decisions about the management, acquisition, renewal and upgrade of assets;
  • Nominate what asset related data should be collected, how often the data should be collected, who is responsible for the data collection, and how it is to be funded;
  • State how capital works projects are to be prioritised;
  • Define the asset management (and capital works?) governance structure(s) & associated responsibilities.

Asset Plan

PURPOSE: To explain how the 10 year capital works program is developed, the rationale behind it's current composition, how it addresses community needs, and how we plan to ensure future iterations of the capital works program and associated operational budgets result in the creation and maintainance of assets that contribute optimally to improving the lives of all members of our community.

  • Satisfy the requirements of the Local Government Act.
  • Use the knowledge, data, experience -> best possible outcome
  • Reduce duplication of effort
  • Align efforts
  • Explain the big picture
  • Bring together
  • Identify gaps, and try to close them
  • Get stakeholders thinking about the longer term
  • an asset management strategy should be a strategy for identifying and implementing more cost effective ways of providing and maintaining assets and making a municipality a better place to live.
  • Summarise all of the asset management related work being undertaken throughout the organisation.
  • to review at a high level the state of Council's infrastructure assets, their service needs, and the long term financial and asset management obligations and responsibilities that supports Council's asset management objective which is to 'provide safe and functional assets that meet the needs of the community and deliver financial sustainability'.
  • to identify, in very practical terms, the extent of maintenance, rehabilitation and refurbishment (renewal) that is required on Council's infrastructure assets so that they continue to function into the future at today's standards;
  • to review the state of Council's infrastructure assets and assess how effectively Council's current approach to asset management is meeting the challenge of making assets more sustainable and recommends ways in which it can improve, and
  • to identify opportunities for improvement in the manner in which Council manages its community's important infrastructure assets.
  • to plan for the future, gradually improve the way we do things. Don't throw the baby out with the bath water.
  • Identify pressure points
  • To address the tension between the desire for better assets and the limited funding available
  • Evidence, desires, ideas, needs, constraints, resources, committments, plans, knowledge, consequences, risks,
  • We have an adopted 10 year capital works program. We know it's not perfect
  • We want to ensure that the assets we create, hold and maintain for our community contribute to improving the lives of all of our community members as much as possible. In order to do this we need to:
    • Understand what the community values
    • Understand the ideal (technical) balance between renewal and maintenance
    • Not waste resources by chopping and changing direction and/or duplicating effort
    • Be able to analyse the relatives merits of quite different proposals
    • Understand the relative costs of varying service levels
    • Collect the evidence we need to make good decisions
    • Harness the collective intelligence of the entire orginisation/local community/asset management community

Related Pages

External Links