What is Asset Management?

Asset management is an internationally recognised approach to the sustainable management of built infrastructure and services.

It is concerned with the financial, social and environmental sustainability of delivering services for our communities and the International Standard on Asset Management ISO 55000 defines asset management as:

“the coordinated activity of an organisation to realise value from assets”.

Good asset management maintains an understanding of the cost, risk and performance trade-offs in the short, medium and long-term, when making decisions regarding community owned infrastructure assets.

Asset management is about ensuring the delivery of services that the community values today – whilst delivering certainty for the generations of tomorrow.

IPWEA provides internationally and nationally recognised education, training and advocacy for those involved in delivering public works and engineering services to our communities.