Strategic Direction for Asset Management 2007-2011

Strategic Direction 2007 The focus for Asset Management 2007-2011

Strategic Direction in 2007 Asset Management Strategic Direction in 2007 The focus of this Strategy in 2007 is to develop initiatives and processes to enable Council to implement a new approach to asset management, where individual assets are condition rated and maintained based on this rating, regardless of their age and where the associated costs are integrated with Council’s long term financial plan.

Asset Management Focus in 2007 1. To continuously improve Council’s knowledge regarding the current asset base, including physical asset condition and financial information.

2. To promote the sustainable use of the community’s infrastructure assets.

3. To innovatively present the infrastructure data, asset management practices and financial information to internal stakeholders and the community.

4. To develop and begin to implement a change to asset management procedures and principles.

5. To provide innovative asset management technology to stakeholders.

6. To encourage relevant Council stakeholders to become part of the new approach to asset management.

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Strategic Direction in 2007 Asset Management Strategic Milestones in 2007 The Strategy will be implemented through the following milestones. These milestones will be occurring concurrently or sequentially, subject to their dependency on other action items.

Develop Asset Register • • • • •

Develop Asset Register system/process Create unique identifier system Appoint unique identifiers to every asset Capture all available asset maintenance data Capture all current asset condition data

Develop Asset Management Plans • • • • • • •

Develop cost models for all asset categories Develop asset life cycles Develop condition assessment criteria and model Develop intervention levels Develop cost of asset renewal Develop unit cost per asset Develop business rules associated with asset categories including ‘whole of life’ costing

System Structure/Software/Processes • • •

Decide on a platform for the Asset Management System Identify system development pathway Develop condition data collection tools

Develop Report Functions • • • •

Develop works report from condition data Develop ‘work order’ or similar system Develop 'works completed' report tool Develop data reports for asset management

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