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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33 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann 4.2 Risk Management Practices Darwin City Council, like many local authorities have adopted risk management processes in several aspects of asset and service delivery. However, these processes may not always be documented. The maintenance intervention levels for defects on such assets as roads have been determined by applying risk management processes to reduce the likelihood of vehicle accidents occurring. Council has controls in place to reduce risk, including the following examples: Signage; Programmed maintenance and inspections; Security systems; Contract Provisions; Monitoring systems; Availability of alternatives should failure occur. Council prioritises its capital program budget based on a multi criteria and consequence of not proceeding assessment analysis. Each criterion and consequence can be weighted to reflect its importance for each sub-program, which potentially enables those sub-programs focused on rehabilitation and renewal to heavily weight risk over the other criteria. The criteria and consequences considered are detailed below: Figure 7 Capital Prioritisation Process Criteria Selection Community/social benefit Corporate endorsement Operational benefit Community support Environmental benefit Economic benefit Asset condition Risk assessment External funding Asset utilisation Inter-program potential Action Plan Link Consequence of not Proceeding Effect on community safety Service loss / community interruption / economic impact Effect on current or potential revenue Effect on estimated project cost if project deferred Effect on property damage Effect on public image Effect on the ongoing operating and maintenance of the asset or service Environmental Impact DARWIN CITY COUNCILS CAPITAL PROGRAM BUDGET PRIORITISATION PROCESS