2009 Corporate total asset management plan
Darwin City Council
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Darwin City Council
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53 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann Condition assessments; Asset accounting valuation, revaluation, depreciation; Lifecycle planning; Asset operations and maintenance; Asset creation/disposal; Performance monitoring; QA / continuous improvement; Risk Management; Design / project management; and Review / audit processes. Some of the opportunities for further improvement in the current asset management processes have been identified in the previous chapters and will be further identified in sub-plans. These improvement opportunities include addressing the following issues: Inaccurate and incomplete asset data sets; Limited asset condition information for critical assets; Incomplete knowledge regarding asset usage and possible strategies to improve utilisation; Limited strategies to dispose of, or redevelop assets that have reached the end of their useful life, or are at, or exceeding capacity; Limited understanding of the impacts of predicted population growth trends, residential lot distribution and predicted industry requirements on asset needs; Limited understanding of the impacts of new assets from growth (subdivisions, new facilities etc.); Availability of relevant works costing information; Improving asset management systems; Lack of access to up to date asset information by operational staff; Inadequate systems for regularly recording new assets and their values that have been constructed by Council and those assets donated from developers in a single asset register; Inadequate access to current information relating to the existing levels of service Councils assets provide. As a consequence of these weaknesses various assumptions have been made to prepare the financial forecasts.
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