Capital Works Prioritisation is the process of ranking potential Capital Works projects in order of importance. This is often done in accordance with an organisation's Capital Works Evaluation Framework.
National Asset Management Assessment Framework
The National Asset Management Assessment Framework suggests that "when the Council and Executive consider the annual Capital Works Program, they prioritise works based on cost/benefit assessments (including risk) with resource implications reflected into the Long Term Financial Plan."
Challenges
The following 'capital works prioritisation' related issues have been identified as challenges for some councils via the local government collaboration project survey.
- how to optimise expenditure
If you have any thoughts on how to best meet these challenges, please feel free to share them below.
Related Pages
- Asset Management Training Manual
- Capital Works Evaluation Framework
- Capital Works Prioritisation Matrix
- Infrastructure Prioritisation Working Group
- Northern Council's Asset Management Forum
Contributors
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