Asset Management Planning
What is an Asset Management Plan?
An Asset Management Plan is a tactical plan for managing an organisation's infrastructure and other assets to deliver an agreed standard of service. In some states local government authorities are required to have asset management plans in place for infrastructure such as sporting facilities, parks, trails, playgrounds, aquatic facilities and other recreation assets.
The asset management plan can focus on areas such as:
Benefits of an Asset Management Plan
An asset management plan provides a strategic approach to the long term management of an organisation’s asset portfolio, it identifies:
Higher standard asset provision
Functional facilities and infrastructure that meets community needs and demands
Clear picture of likely resource requirements to replace, enhance or develop assets
Identifies opportunities for efficient use of existing assets
Strategic priorities for capital and maintenance works