1 minute read
Asset Management Strategy 2022 - 2026
7 Monitoring, Evaluation & Reviewing
7.1 Performance Measures
Advertisement
The effectiveness of this AM Strategy will be measured and monitored based on annual strategic Council indicators as follows:
• Action the AM strategies in this Strategy;
• Delivery of the Improvement Plan;
• The performance of Council against the Levels of Service documented in each asset class AM Plan; and
• Performance against the Asset Management Ratios documented for each asset class AM Plan.
8 Asset Management Improvement Plan
The Asset Management Improvement Plan which is set out in Table 8 details the key improvement tasks. Completion of these tasks will improve Council’s asset management capabilities.
1. Review and finalise the draft responsibility matrix with a view to identify and streamline roles and responsibilities.
2. Develop and implement an asset handover process to enable 100% asset data capture of new assets gifted or constructed by others to be captured in Council’s asset register on an annual basis.
3. Undertake analysis to identify financial and accomplishment data on maintenance works to improve alignment with the annual capital funding process, ensuring allocation of appropriate annual maintenance funding. Update of Maintenance funding expenditure in future AM Plan revisions.
4. Develop and implement frameworks to improve and further develop its lifecycle AM processes to ensure that all lifecycle costs are identified and included in all capital investment decisions.
5. Ensure information relating to capacity, functionality and fit for purpose from Council's Community Infrastructure Plan is used to inform renewal planning for all infrastructure assets.
6. Undertake regular asset maturity assessment and asset performance monitoring.
Engineering Services Manager
Engineering Services Manager
Engineering Services Manager, Financial Partnering & Analytics Manager, Senior Manager Operations,
Engineering Services Manager, Project Managers, Financial Partnering & Analytics Manager
Engineering Services Manager, Facilities Management Manager
June 2023
December 2022
June 2024
June 2023
June 2025
Engineering Services Manager On-going Transport
7. Finalise the Transport assets Prediction Models for adoption and implementation.
Engineering Services Manager
December 2022
Inner West Council Asset Management Strategy 2022 Page 27
