Asset Management

Key corporate reporting indicators and metrics that demonstrate critical reporting measures

  • 1.  Key corporate reporting indicators and metrics that demonstrate critical reporting measures

    Posted 15 days ago
    ​​Hi All,

    I wanted to pick your collective brains if I may… One of the key items on the City of Marion's agenda at present is the development of key corporate reporting indicators and metrics that demonstrate critical reporting measures. Yes we use the asset sustainability ratio which is a staple for reporting but I wanted to touch base with you all to see if there were any other high level / corporate reporting indicators in the Asset Management space that organisations have benefitted from reporting against. At the end of the day organisations really do manage what they measure and I want to ensure that The City of Marion has a focus on Asset Management and recognises the importance of the discipline… after all, it should be the most important aspect of a Council with good asset management being just how we do business.

    From your vast collective experience and knowledge of the sector, are any practitioners out there able to recommend any key corporate indicators that would be valuable for the organisation to utilise and set us up for success?

    Regards,

    Brendon Lyons Team Leader - Asset Systems | City of Marion
    P 08 7420 6471 | M 0434 609 139
    E Brendon.Lyons@marion.sa.gov.au | www.marion.sa.gov.au
    PO Box 21 Oaklands Park SA 5046 935 Marion Road Mitchell Park SA 5043



  • 2.  RE: Key corporate reporting indicators and metrics that demonstrate critical reporting measures

    Posted 14 days ago
    Hi Brendon,

    You may need to define 'success'.

    One Council in SA went from having an asset sustainability ratio of 61% to 90% in one year. An extract from their annual report stated;

    Council's buildings were revalued in 2013-14, but Council was dis-satisfied with the methodology and results. Council obtained a second revaluation of building assets, which will form the basis of the revised AMP.

    Maybe shopping around for the 'right' valuation is what is needed !!

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    Martin Burns
    National Director - Valuation
    Liquid Pacific
    North Sydney NSW 2060
    www.liquidpacific.com
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