To facilitate the planning of future service delivery, asset management is integral to ensuring appropriate assets are available. Proper asset management includes the systematic deploying, operating, maintaining, upgrading, and disposing of assets cost-effectively.
The JNW team has evaluated many asset management frameworks. From asset strategies, asset management policies, asset management plans, asset life cycle reporting, completeness and validity of data recorded in all asset management systems, condition audit function, capital maintenance programs and life cycle renewal modelling.
Our experience suggests typically asset management plans are developed in isolation to the annual action plan and annual departmental service plans and are purely focused on the renewal of assets.
No assessment is completed to determine whether the assets being maintained are appropriate for the delivery of the services set out in each department’s annual Service Plan. For a large metropolitan council Jeff developed a roadmap on how to transition from this model to a more effective service driven asset management model.
Service driven asset management provides a clear link between the Long Term Financial Plan, strategic plan/four year council plan, the annual action plan and annual departmental service plans. By enhancing service plan information through the inclusion of what assets are required to deliver the services, i.e. like a service menu, Asset Management Plans can then be services focused. Below is an example how a council could adopt a service driven asset management approach.
We have other models we could share with you.