Asset Management

AM Strategy based on Better Practice Guide

  • 1.  AM Strategy based on Better Practice Guide

    Posted 19 July 2017 01:37
    Hi all,

    I was just wonder who if anyone has revised there Asset Management Strategy based on the recommendations in the Local Government Asset Management Better Practice Guide?

    And if you have, how have you tackled its suggestions that an Asset Management Strategy should:
    • Link and integrate council's plans and resources, indicating which services are to be delivered through which assets.
    • Forecast future service delivery needs and the capacity of assets to meet those, on a short, medium and long-term basis.
    • Include one scenario that balances the available funds from the Long Term Financial Plan with affordable service level targets and sets out a strategy to communicate the corresponding service levels and risks and how these will be managed to Council and the community.
    • Identify assets that are critical to the council's operations and outline risk management strategies for these assets.
    • Include specific actions required to improve the council's asset management capability and projected resource requirements and timeframes.
    • Establishes a system for asset performance measurement.
    Have you included a list of every Council service, and nominated which assets are required to deliver that service?
    How many critical assets have you nominated?
    How have you forecast future service delivery needs?



    Wayne Eddy
    Strategic Asset Planning Coordinator
    City of Whittlesea

  • 2.  RE: AM Strategy based on Better Practice Guide

    Posted 23 March 2018 00:08
    ​Wayne, I have also been thinking of not only using the guides to create policy et al, but also to be the 'guts' of any Asset Management Plan. Have you, or anyone else, explored this option?

    Ashley Bishop
    Asset Management Coordinator
    Benalla Rural City Council