Territory Stories

2009 Corporate total asset management plan

Details:

Title

2009 Corporate total asset management plan

Other title

Darwin City Council

Collection

City of Darwin reports; Reports; PublicationNT

Date

2009

Description

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

Notes

Date:2009

Language

English

Subject

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

Publisher name

Darwin City Council

Place of publication

Darwin

Copyright owner

Check within Publication or with content Publisher.

Parent handle

https://hdl.handle.net/10070/240707

Citation address

https://hdl.handle.net/10070/621982

Page content

21 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann Figure 6 Key Internal Stake holders for Asset Management Plans 1.3 Plan Framework The asset management plans will identify and document Councils existing asset management practise. The plan framework will be based upon the recommended asset management plan structure contained in the International Infrastructure Management Manual. The level of service will define and document the existing levels of service and the statutory requirements that must be met. The demand forecasts will investigate the key issues affecting demand, growth trends and the impact this growth will have on Councils existing infrastructure and identify likely future infrastructure required for a timeframe of 10 - 20 years. A lifecycle management plan will be developed consisting of; a routine maintenance plan, renewal/rehabilitation plan, creation/augmentation plan and disposal plan. The financial summary will review and report on the depreciation rates, valuation and operation and maintenance costs. A funding strategy will be prepared for each of the capital work categories to identify the most appropriate source of funding and outline Councils financial commitment. It is anticipated that this information will form the basis for the Councils 10 year financial models and the annual financial plan. The improvement plan will provide the direction and resource implications to move towards a more advanced asset management cycle. 2.0 Levels of Service An objective of Asset Management planning is to match level of service provided by the asset with the expectations of the community. Asset Management planning will enable the gap between community expectations and assets performance to be defined and the cost to close this gap calculated. This allows informed consultation to be undertaken with the community to determine the optimised level of service that they are prepared to pay for. This becomes an iterative process as the cost of a particularly high level of service may be beyond the customers and hence the Councils ability to fund. It is important to be able to understand and define the existing levels of service before setting target levels of service. The attached Asset Management Plans are based on existing practices supplemented by known community expectations.


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