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

36 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann Figure 8 Life Cycle Management of Assets The Lifecycle costs of a typical asset can be demonstrated by the figure below. An asset is created/acquired to provide an identified service, which then is operated and has routine maintenance undertaken. Over the life of the asset there will become a point where the asset is no longer performing at a satisfactory level and may be rehabilitated or augmented. This can be repeated several times, however, there will become a point where the asset will be disposed and potentially replaced. Figure 9 Life Cycle Costs 5.2 Lifecycle Financial Planning The long term impact of the various capital projects and strategies can be significant. If the whole of life costs for new capital projects are not considered this can lead to maintenance and operations in subsequent years being under funded, which in turn can lead increased rehabilitation costs. Darwin City Council does have an evolving practise of identifying the whole of life costs to accompany all Council reports recommending new capital works. However the whole of life identification process is somewhat ad-hoc for the various projects and is recommended that specific templates be developed to standardise the way this cost is calculated.


Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.

We use temporary cookies on this site to provide functionality.
By continuing to use this site without changing your settings, you consent to our use of cookies.