Territory Stories

2009 Corporate total asset management plan



2009 Corporate total asset management plan

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Darwin City Council


City of Darwin reports; Reports; PublicationNT




Made available via the Publications (Legal Deposit) Act 2004 (NT).






Darwin(N.T.) -- Council -- Periodicals

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Darwin City Council

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13 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann 1.1.1 Definition of an Asset An asset is defined as any physical component of a facility which has value, enables services to be provided and has an economic life of greater than 12 months. For the purposes of this plan any asset that is defined under the following asset classes: land, roads, stormwater, parks and recreation facilities, pathways, buildings and structures, carparks, waste facilities, plant and equipment, office furniture and equipment, and lighting is considered an asset. Darwin City Council also maintains a register of street and significant trees on its GIS system (MapInfo). While they are not given a financial value this is maintained for strategic maintenance and management purposes. 1.1.2 Basic and Advanced Asset Management This asset management plan has been based on the Basic asset management model defined in the International Infrastructure Management Manual published by the Institute of Public Works Engineering of Australia for local government use. (Source: International infrastructure Management Manual) EXISTING ASSET KNOWLEDGE IDENTIFY LEVELS OF SERVICE IMPROVED ASSET KNOWLEDGE ASSESS CONDITION MEASURE PERFORMANCE IMPLEMENT OPTIMUM SOLUTION EVALUATE / SELECT TREATMENT OPTIONS ASSESS FAILURE MODES AND RISKS Basic AM Cycle Advanced AM Cycle PREDICT DEMAND ASSESS FINANCIAL CASHFLOWS PREPARE ASSET MANAGEMENT PLAN Financial Plans Business Plans Operations / Maintenance Plans Demand Management Techniques Capital Investment & Disposal Tactics Environmental Strategic Legislative Customer Financial Population Growth Business Growth Customer use trends Demand management Historical Failures Predictive Modelling Figure 2 Asset Management Planning Process

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