Asset Management Plan

An Asset Management Plan (AMP) is a plan developed for the management of one or more infrastructure asset classes with a view to operating, maintaining and renewing the assets within the class in the most cost effective manner possible, whilst providing a specific level of service."

Alternate Definitions

  • A tactical plan for managing an organisation's infrastructure and other assets in order to deliver an agreed standard of service. - Wikipedia
  • A plan developed for the management of one or more infrastructure assets that combines multi-disciplinary management techniques (including technical & financial) over the lifecycle of the asset in the most cost effective manner to provide a specific level of service." - International Infrastructure Management Manual.
  • An Asset Management Plan is a document containing or referring to specific asset related data, statements & projections that is drafted to comply with specific government legislation or (more rarely) in an endeavour to improve asset management practices within an organisation. - WGE
  • Local Government Victoria's Sustaining Local Assets Policy defines an AMP as a document that;
    • defines levels of service within financial/resource/risk constraints;
    • presents cash flow forecasts for acquisition, operation, and maintenance and capital expenditure, and for revenue, where relevant;
    • specifies the capital expenditure for renewing, upgrading or extending assets;
    • justifies the contribution of each asset in terms of value for money for the council; and
    • establishes the targets and measures that will be used for monitoring progress with its implementation.

Plan Contents

In some states – Queensland for example – there are Minimum Requirements for Asset Management Plans, in other states what needs to be in a plan is less well defined.

Some items typically found in an AMP include:

  1. Scope
  2. Links to Related Plans, Policies and Strategies
  3. Reasons for Asset Ownership
  4. A Physical Classification & Description of Assets
  5. Asset Management Practices
  6. Service Levels
  7. Asset Valuations & Lifecycle Costing
  8. A Forecast of Future Demand & Technological Changes
  9. Expenditure Forecasts & Cash Flows
  10. AM Targets, Measures & Monitoring

Templates

Asset Management Plans have typically been created as Word Documents, but Wiki based versions have a number of advantages, including;

  1. easier collaboration in the development phase of the plan;
  2. no need for hard copies of the plan;
  3. better indexing & search capabilities.

Below are links to AMP templates in a number of different wiki formats. Please feel free to copy, use & improve them.

Web-Based Asset Management Plans

A Web-based Asset Management Plan is an Asset Management Plan that has been created as series of web pages.

Web Based Asset Management Plans have a number of advantages over a Word Document or PDF based AMP.

  • Multiple people are able to edit parts of the plans simultaneously.
  • The most up-to-date version of the plan is instantly available to everyone
  • It is easy to get public and agency input about the plans as they are being developed.
  • It makes searching for information in the plan much easier

Bundaberg Regional Council has been developing its asset management plans online in a wiki based format. To view the BRC plans click on any of the images below.

Buildings-and-Structures.jpg drainage.jpg Parks-and-Recreation.jpg
roads-and-transport-services.jpg Sewerage-Infrastructure.jpg Water-Infrastructure.jpg

External Links & References

  1. Corowa Shire Council Draft Sewer Asset Management Plan

More Asset Management Plan Examples

General

Roads

Buildings

Bridges

Drainage

Fleet

Other

Related Pages

External Links & References

  1. AMQ International Checklist for Self Review of Asset Management Plans
  2. Local Government Victoria - Guidelines for developing an Asset Management Policy, Strategy & Plan
  3. State Government of Victoria, Australia, Department of Human Services - Capital Development Guidelines
  4. NAMS.AU IPWEA Asset Management Planning Policy
  5. NAMS.AU IPWEA Asset Management Legislation Policy
  6. Developing an Asset Management Plan for Buildings - Jennifer Tod, CEO Glenelg Shire Council
  7. Bundaberg Regional Council AMP Development Wiki
  8. Core Asset Management Plans - The must haves - Geoff Bartholomew
  9. Wagga Wagga AMP Index
  10. Asset Management Planning for Developing Countries - Peter Styles
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