2009 Corporate total asset management plan
Darwin City Council
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Darwin City Council
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59 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann 7.5.4 Minor Asset Management Capital Projects Supply of software and hardware (e.g. mobile loggers) and other minor projects to assist in the delivery of Councils Asset Management Strategy. The mobile data loggers are to be used to automate the updating of asset data and condition inspections of assets such as paths, roads, trees, stormwater pipes and building. 7.5.5 Lifecycle Finance Planning To date Council has not considered the long term impact of the various capital projects and strategies. This subsequently can lead to maintenance and operations in subsequent years being under funded, which in turn can lead to increased rehabilitation costs. The benefits of considering lifecycle management costs at the project preconception state are: Informed decisions on the total cost to Council is presented and considered when approving strategies and new capital projects; The best whole of life options are taken, rather than just the best capital cost; Better long term management of assets; Better long term financial forecasting based on real data. 7.5.6 Review of Asset Registers and Collection of Condition Data The AMPs supporting the financial forecasts shown in this document have been based on asset age, primarily due to limited amount of condition data available. This is recognised as presenting a good assessment of the average position, however, there are many factors that can result in an asset exceeding or failing to reach its useful life. By ensuring that the asset registers are up to date and the condition of assets are known, Council reaps the following benefits: A snapshot in time of the condition of the asset base. A condition based replacement profile. Allows for more sophisticated analysis of maintenance requirements. The potential for a condition based revaluation of Councils assets. Potential reduction in risk of catastrophic failure of assets. Allows for future predictive deterioration modelling.