2009 Corporate total asset management plan
Darwin City Council
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54 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann The improvements identified and prioritised in Table 8 below will seek to improve the processes Council utilise to manage its assets. Each sub-plan will have list of process improvements specific to the asset class. Process Improvement Urgency Importance Timeframe Responsibility Knowledge of Assets. Ensure all created and donated assets are captured. Review as con processes. High High ongoing AMT Levels of Service. Develop process to review and modify LOS including public consultation. Medium Medium 2008/09 AMT Condition Assessments. Implement Maintenance Management System for each asset class with regular condition inspections. High High Refer to sub-plans AMT Asset Accounting. Implement a valuation / revaluation policy. Align capital and recurrent expenditure to asset types Review available long term Financial Models and adopt one suitable for DCC requirement Refine depreciation modelling for long term financial planning High Medium High High Medium High High High Ongoing Ongoing 2010 2010/11 FD / AM Lifecycle Planning Whole of Life costs of new assets disclosed and considered. High High Ongoing All Asset Operations & Maintenance. Electronic work orders used for tracking and analysis. Low Medium High 2007 2009 All Performance Monitoring. Determine data and system requirements to monitor performance. High High Design/Project Management. Move to 3 year capital works program to allow for sufficient design and project management. High High All Table 8 Asset Management Process Improvements
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