Strategic Asset Management

Why Choose Strategic Asset Management?

Due to significant overhaul of Asset Management Planning to Local Government, Asset Management Plans require clear link between service levels and funding needs (Strategic Asset Management). These legislations are clearly heading towards long-term planning.

• Federal: National Framework (Service Centric)
• NSW: DLG Integrated Planning (and Introduction of Fair Value)
• VIC, QLD & TAS: State-based Asset Planning Requirements & Fair Value
• VIC: DPCD Reporting
• WA: WAAMI and DLG Framework
• SA: Mandated Asset Management Plans and Fair Value

Asset Management Plans must be based on:

• Long-term predictive analysis of demand, condition, capacity and functionality of assets
• Asset componentisation
• Development of consumption patterns (asset performance)

Compliance

• Federal Asset Management Legislation (Framework for Financial Sustainability)
• Australian Accounting Standards (AAS)
• International Infrastructure Manual
• State based Data Collection
• Road Management Act

Asset Management Plans required by all state programs have a key requirement to be based on long-term predictive analysis of demand, condition, capacity and functionality of assets.