Managing Critical Assets The IPR Guidelines (essential element 2.13) require that the AM Strategy identify assets that are critical to its operations and outline risk management strategies for these assets. ISO 55000 (clause 3.2.8) defines a critical asset as an asset having potential to significantly impact on the achievement of the organisation’s objectives. Assets can be critical due to safety, environment or performance reasons (this can relate to legal, regulatory or statutory requirements) or because they provide services to critical customers. While Council has established hierarchies for most asset categories that prioritise efforts toward those assets with higher usage (e.g. distributor roads, trunk pipelines) and in most cases establish higher standards of performance (e.g. renewal is undertaken when assets are less deteriorated), in a sense all assets are in that they provide ‘critical’ essential services to the community. Risk management strategies for the primary asset categories are outlined below. Further details are discussed in section 4 and in the reference documents noted in Service Dashboards, as well as (where relevant) in Council’s corporate risk register. Critical Primary Risks Management Strategies Asset Water Supply problems due to drought Drought and Drinking Water Quality Supply Management Plans in place; criticality analysis Failure to meet Australian undertaken on all assets and condition Drinking Water Guidelines assessments underway with opportunities to Failure of critical infrastructure improve redundancy and resilience identified (e.g. pumps) or loss of power (e.g. backup pumps, storage in reservoirs) leads to loss of supply Sewerage Release of untreated sewage or Criticality analysis undertaken on all assets and effluent to the environment due condition assessments underway with to a loss of power or failure of opportunities to improve redundancy and infrastructure resilience identified (e.g. backup pumps and generators, storage time in pump stations), pollution incident response plans in place Roads, Safety issues arising from asset Inspection systems in place with additional Bridges and failures and/or other issues such inspections undertaken where necessary (e.g. other as fallen trees, washed out after a major storm event) Transport bridges, flooded roads Playgrounds Safety issues from damaged or Inspection system in to identify and broken equipment respond to defects Safety of users Appropriate maintenance carried out Aquatic Drowning, poor water quality Supervision in place, trained operators, Centres leads to health issues appropriate equipment and maintenance Buildings Business continuity in the of Business continuity plans in place a problem with the building Appropriate maintenance carried out
Managing Critical Assets The IPR Guidelines (essential element 2.13) require that the AM Strategy identify assets that are critical to its operations and outline risk management strategies for these assets. ISO 55000 (clause 3.2.8) defines a critical asset as an asset having potential to significantly impact on the achievement of the organisation’s objectives. Assets can be critical due to safety, environment or performance reasons (this can relate to legal, regulatory or statutory requirements) or because they provide services to critical customers. While Council has established hierarchies for most asset categories that prioritise efforts toward those assets with higher usage (e.g. distributor roads, trunk pipelines) and in most cases establish higher standards of performance (e.g. renewal is undertaken when assets are less deteriorated), in a sense all assets are ‘critical’ in that they provide essential services to the community. Risk management strategies for the primary asset categories are outlined below. Further details are discussed in section 4 and in the reference documents noted in Service Dashboards, as well as (where relevant) in Council’s corporate risk register. Critical Asset Primary Risks Management Strategies Water Supply Supply problems due to drought Failure to meet Australian Drinking Water Guidelines Failure of critical infrastructure (e.g. pumps) or loss of power leads to loss of supply Drought and Drinking Water Quality Management Plans in place; criticality analysis undertaken on all assets and condition assessments underway with opportunities to improve redundancy and resilience identified (e.g. backup pumps, storage in reservoirs) Sewerage Release of untreated sewage or effluent to the environment due to a loss of power or failure of infrastructure Criticality analysis undertaken on all assets and condition assessments underway with opportunities to improve redundancy and resilience identified (e.g. backup pumps and generators, storage time in pump stations), pollution incident response plans in place Roads, Bridges and other Transport Safety issues arising from asset failures and/or other issues such as fallen trees, washed out bridges, flooded roads Inspection systems in place with additional inspections undertaken where necessary (e.g. after a major storm event) Playgrounds Safety issues from damaged or broken equipment Inspection system in to identify and respond to defects Safety of users Appropriate maintenance carried out Aquatic Centres Drowning, poor water quality leads to health issues Supervision in place, trained operators, appropriate equipment and maintenance Buildings Business continuity in the of a problem with the building Business continuity plans in place Appropriate maintenance carried out