Asset Management

Strategic asset management is a decision-making process that helps the Town care for the assets that deliver services to residents in a predictable, cost-effective way.

It depends on clear organizational and asset management goals, so decisions at every level support long-term value for customers, residents and stakeholders.

Asset management is about developing a long-term plan that:

• Maintain existing assets so services remain safe, reliable and sustainable.
• Identify future infrastructure needs required to support service delivery as the Town grows.
• Build resilience to environmental impacts so residents can continue to enjoy the services and amenities that support their quality of life.

Through the asset management program, the Town can plan for the future, manage risk, maintain assets effectively and make informed decisions about how best to invest in its resources.

What the Asset Management Plan tells us

Asset management planning begins with reliable information about the Town’s assets, including:

• what the Town owns;
• where assets are located;
• what assets are worth;
• the condition assets are in;
• the services assets provide; and
• the lifecycle strategies that need to be implemented and when.

This information helps Town staff continue delivering safe and sustainable services, identify potential service disruptions and better understand risks before they affect the community.

Please review the reports below for more detailed information about the Asset Management Plan, including the Town’s infrastructure inventory, asset replacement values, condition assessments, lifecycle strategies, risk considerations and the investments required to continue delivering safe, reliable and sustainable services to the community.