The policy provides a clear direction for asset management and defines the key principles that underpin asset management at . All Councils are exposed to considerable legal and financial risks due to its scale of investment in infrastructure assets. Councils are better able to manage these risks and obtain better value for money in the delivery of services to the community by developing and adopting a formalised and structured approach to asset management. Accordingly, the Asset Management Policy: Establishes the goals and objectives for asset management in terms of providing a platform for service delivery. Provides links to Council’s strategic objectives to ensure all asset planning and management activities are aligned with service delivery priorities, so that all assets support service delivery in the most appropriate, effective and efficient way. Compels the development of asset management strategies and plans to enable the identification and management of risks inherent in the operation of public assets. Encourages adoption of lifecycle costing to maximise value for money. While Council has progressively implemented many processes and practices that enable a planned approach to the management of its assets, the adoption and implementation of this policy has enabled a move towards a more consistent application of current best asset management practices across Council and across all categories of infrastructure assets. Council has an obligation to manage all of its assets at a level that ensures necessary standards of service are achieved and maintained over time in an efficient and cost effective manner. The Policy together with the Asset Management Strategy and Asset Management Plans provides an acceptable long-term infrastructure management framework. It has enabled development of clear strategies to improve asset management practices across Council to shift focus from reactive responses to a more proactive approach to the planning and implementation of asset maintenance activities. Asset Management Strategy The Asset Management Strategy provides high level actions that will, over time, build asset management capability to facilitate the achievement of Council’s overall objectives and principles contained in the Asset Management Policy. The Strategy translates these principles into deliverable actions and targets through an Asset Management Improvement Plan. While, detailed strategies and corresponding actions for the management of each asset category have been presented in the respective asset management plans, this strategy document presents high level outcomes, actions and performance measures for the management of Council’s assets.
The policy provides a clear direction for asset management and defines the key principles that underpin asset management at . All Councils are exposed to considerable legal and financial risks due to its scale of investment in infrastructure assets. Councils are better able to manage these risks and obtain better value for money in the delivery of services to the community by developing and adopting a formalised and structured approach to asset management. Accordingly, the Asset Management Policy: Establishes the goals and objectives for asset management in terms of providing a platform for service delivery. Provides links to Council’s strategic objectives to ensure all asset planning and management activities are aligned with service delivery priorities, so that all assets support service delivery in the most appropriate, effective and efficient way. Compels the development of asset management strategies and plans to enable the identification and management of risks inherent in the operation of public assets. Encourages adoption of lifecycle costing to maximise value for money. While Council has progressively implemented many processes and practices that enable a planned approach to the management of its assets, the adoption and implementation of this policy has enabled a move towards a more consistent application of current best asset management practices across Council and across all categories of infrastructure assets. Council has an obligation to manage all of its assets at a level that ensures necessary standards of service are achieved and maintained over time in an efficient and cost effective manner. The Policy together with the Asset Management Strategy and Asset Management Plans provides an acceptable long-term infrastructure management framework. It has enabled development of clear strategies to improve asset management practices across Council to shift focus from reactive responses to a more proactive approach to the planning and implementation of asset maintenance activities. Asset Management Strategy The Asset Management Strategy provides high level actions that will, over time, build asset management capability to facilitate the achievement of Council’s overall objectives and principles contained in the Asset Management Policy. The Strategy translates these principles into deliverable actions and targets through an Asset Management Improvement Plan. While, detailed strategies and corresponding actions for the management of each asset category have been presented in the respective asset management plans, this strategy document presents high level outcomes, actions and performance measures for the management of Council’s assets.
Asset_Management_-_Overview_Planning_Framework_-_June_2013.docx