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

Local Government Asset Management Better Practice Guide

The Local Government Asset Management Better Practice Guide states that an Asset Management Plan should:

  • Encompass all the assets under council’s control.
  • Connect the investment of community wealth in assets with service outcomes.
  • Plan a scenario that manages assets to provide affordable levels of service within financial/resource/risk constraints.
  • Identify and communicate risks associated with affordable service levels and how these risks will be managed.
  • Plan additional scenarios that manage assets to provide optimal life cycle costs to inform the asset management strategy and Long Term Financial Plan.
  • For each scenario, present cash flow forecasts for acquisition, operating, maintenance, renewal/upgrade and where relevant, disposal.
  • Establish the targets and measures that will be used for delivering service outcomes and show value for money.

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

Related Pages

External Links & References

  1. Corowa Shire Council Draft Sewer Asset Management Plan
  2. Google Search

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
  11. Google Search
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