When the term Asset Management is used in the Local Government context it is usually Infrastructure Asset Management that is being referred to.
The goal of infrastructure asset management is to meet a required level of service, in the most cost effective manner, through the management of assets for present and future customers.
External Links & References
- Guidelines for Infrastructure Asset Management in Local Government 2006 – 2009 (RSA Department of Provincial and Local Government)
- International Infrastructure Management Manual
- IWA Water Wiki
- Google Search