Test

Asphalt Millings
Asphalt Millings is old asphalt that has been removed (milled) from an asphalt pavement and crushed/ground down to aggregate size for reuse.

Asphalt Overlay
An Asphalt Overlay is a course of asphalt applied to and existing road surface or other pavement.

Asphalt Patching
Asphalt Patching is the repair of a damaged or missing area of asphalt road surface by the placement of new asphalt.

Asphalt Pavement
An Asphalt Pavement is a pavement, in which the predominant structural strength is provided by asphalt layers.

Asphalt Regulation
Asphalt Regulation is a term used to describe the application of a levelling course of asphalt to depressed or rutted area of pavement.

Asphalt Rejuvenation
Asphalt Rejuvenation is the application of a chemical rejuvenation agent to an oxidized asphalt wearing surface in order to extend the surface's remaining useful life by increasing the quality and quantity of asphalt binder.

Asset
An asset is an object (physical or intangible) that has an identifiable value and a useful life greater than 12 months, that is or could be used by the entity responsible for it to provide a service.

Asset & Facilities Management Consulting
Asset & Facilities Management Consulting Pty Ltd (AFMC) is a consulting practice specialising in the lifecycle management of built infrastructure and property. AFMC has over 20 years experience in asset and facilities management consulting across a broad range of industry areas covering all lifecycle aspects. AFMC's principal director Ross McPherson has completed in excess of 300 asset or facilities management consultancy projects providing him with an extensive range of experience across all lifecycle aspects.
Business Partners
AFMC has established an extensive network of business partners both from small and large consultancies that it can draw on, as needed, to provide the right skill set and solution for our clients needs.

Asset Accounting
Asset accounting is the accounting of the asset accounts such as: cash, accounts receivable, inventory, buildings, land, equipment and intangible assets.

Asset Accounting Policy
An Asset Accounting Policy is a policy that details how a council or other organisation practices asset accounting.

Asset Acquisition
Asset Acquisition is the acquision of an asset through the purchase of the asset or any other means.

Asset and Business Solutions
Asset and Business Solutions were listed as one of 18 approved Asset Management Consultants by Local Buy in early 2008.

Asset and Component Types
In Australia Local Governments are responsible for a large variety of asset types, and the names for these assets can vary from municipality to municipality. Consistent naming conventions and solid definitions would make it easier for Councils to discuss and compare asset management practices. Attempts at standardization include; ADAC & R-Spec.

Asset Capitalisation
Asset Capitalisation is the process of identifying expenditure that has contributed to the creation of an asset, and recording that value against that asset in an asset register.

Asset Capitalisation Policy
An Asset Capitalisation Policy is a policy that specifies and/or provides guidance as to which of an organisation's; infrastructure, devices, equipment, machines, stock, etc. should be capitalised and which can be expensed.

Asset Category
An Asset Category (also Asset Group) is a group of asset types with similar attributes.

Asset Class
An asset class is a grouping of assets of a similar nature and use.

Asset Classes
The definition of asset class is somewhat vague and as a result different Councils have various different ways of assigning assets to and naming asset classes. Below are examples of the asset classes adopted by various councils.

Asset Classification Scheme
An Asset Classification Scheme is the way assets are classified within a database.

Asset Component Checklist
An asset component checklist is a list of component types that could be part of a typical asset of a particular asset type.

Asset Component Types

Asset Componentisation
Asset Componentisation is the process/practice of (notionally) breaking up complex assets into parts with similar useful lives.

Asset Condition
Asset condition is a measure of the health of an asset.

Asset Condition Assessment
An Asset Condition Assessment is the process of continuous or periodic inspection, assessment, measurement and interpretation of the resultant data to indicate the condition of a specific asset so as to determine the need for some preventative or remedial action. It is a crucial part of asset management to determine remaining useful life and an assets capability to meet performance requirements.

Asset Condition Assessment Guide
An Asset Condition Assessment Guide is a document that helps a person conducting an Asset Condition Inspection to assign a consistent condition score to the asset being inspected.

Asset Condition Data
Asset Condition Data is any data held or collected that helps to determine the overall condition of a particular asset.

Asset Condition Evaluation Guide
An Asset Condition Evaluation Guide is a document that attempts to standardise the condition scores given to assets by inpsectors by providing them with a detailed description and/or a visual example of how assets in a range of conditions will appear.

Asset Condition Inspection
An Asset Condition Inspection (also Asset Condition Survey) is an inspection carried out on an asset to determine its condition.

Asset Condition Inspections

Asset Condition Manual
Asset Condition Manual is a synonym for Condition Assessment Manual.

Asset Condition Photo Library

Asset Condition Photo Strip
Asset-Condition2.png

Asset Condition Profile
An Asset Condition Profile is a table or graph showing the variation in condition of a group of assets of the same kind.

Asset Condition Survey

An Asset Condition Inspection (also Asset Condition Survey) is an inspection carried out on an asset to determine its condition.

Types of inspections

There are two main types of asset condition inspections.

  1. Defect / hazard inspections designed to determine the need for maintenance and/or temporary works.
  2. More detailed overall asset condition inspections designed to assess the overall condition of an asset and determine its remaining useful life.

Defect / hazard inspections are typically carried out on a more frequent basis than overall asset condition inspections, but in both cases the inspection frequency may depend on the classification of the asset within a hierarchy.

Example Asset Condition Inspection Matrices.

Maintenance / Defect Inspections


Classification Inspection Frequency
Principal Road 3 Monthly
Collector Road 6 Monthly
Sealed Access Road 12 Monthly
Unsealed Access Road 12 Monthly

Overall Asset Condition Inspections


Asset Type Urban Rural
Roads 5 years 12 months
Pavements 5 years 12 months
Surfacing / Seals 12 months 12 months
Footpaths 6 months 12 months
Bikeways 12 months 12 months
Kerb and Channel 24 months 24 months
Bridges 12 months 12 months

Legislation

New South Wales

Annual asset condition inspections are compulsory in New South Wales.

Related Pages

External Links & References

  1. NZWWA Visual Assessment of Utility Assets (8.2MB - PDF)
  2. Assetmates Discussion
  3. Google Search (Asset Condition Inspection)
  4. Google Search (Asset Condition Survey)

Asset Consumption
Asset Consumption is a measure of how much of the assets service potential has been 'consumed'.

Asset Consumption Graph
An asset consumption graph is a graph that attempts to plot how future economic benefit associated with an asset reduces over time.

Asset Criticality
Asset Criticality is a measure of how critical an asset is to the functioning of and/or the services provided by an organisation.

Asset Data
Asset Data is qualitative and/or quantitative information used to indentify and describe an asset or group of assets. Asset data is typically stored in an Asset Register.

Asset Data Collection
Asset data collection, is the process of collecting physical asset data.

Asset Data Entry
Asset Data Entry is the process of extracting information from plans, surveys or other sources and entering it into a database or asset management system.

Asset Database
An Asset Database is a database containing asset related information.

Asset Depreciation

Asset Design and As Constructed
The Asset Design & As Constructed (ADAC) product is developed and maintained by a consortium of Local Government agencies in Queensland in conjunction with the Institute of Public Works Engineering Australia - Queensland Branch (IPWEAQ). The process is used to facilitate the collection and lodgement of detailed information on contributed civil infrastructure and associated assets provided by the private sector to Councils.

Asset Deterioration Photos
Knowing how the appearance of assets changes over time should help determine a more accurate picture of the relationship between visual condition inspection scores and asset remaining useful life. This page has been set up to document how the appearance of particular assets changes over time. It will be a long term project that will hopefully bear fruit over time.

Asset Disposal
Asset Disposal is any activity or activities necessary to dispose of unwanted, unserviceable and/or decommissioned assets. There are two distinct aspects to asset disposals; the physical disposal process, and the associated accounting treatment.

Asset Disposal Plan
An Asset Disposal Plan is a plan that documents the timing of, and the costs associated with the disposal of assets. It typically forms part of an Asset Management Plan.

Asset Disposal Policy
An Asset Disposal Policy is a policy that defines how surplus or unwanted assets can be disposed of.

Asset Failure Database
It has been suggested that an open online Asset Failure Database into which Councils could upload asset failure data could be a valuable resource for Councils.

Asset Group

An Asset Category (also Asset Group) is a group of asset types with similar attributes.

The National Asset Management Assessment Framework suggests that a Council's Asset Management Plans should include all assets and document asset inventory information for the asset group/category as recorded in the asset register.

An 'asset category' field is often present in Asset Registers and Asset Management Systems.

Department of Transport, Planning and Local Infrastructure

The Victorian Department of Transport, Planning and Local Infrastructure identifies 22 Asset Categories:

  1. Property
  2. Land
  3. Land Improvements
  4. Buildings
  5. Building Improvements
  6. Heritage Buildings
  7. Plant and Equipment
  8. Plant, machinery and equipment
  9. Fixtures, fittings and furniture
  10. Computers and telecomunications
  11. Heritage plant and equipment
  12. Library books
  13. Roads
  14. Bridges
  15. Footpaths and cycleways
  16. Drainage
  17. Recreation, leisure and community facilities
  18. Waste management
  19. Parks, open space and streetscapes
  20. Aerodromes
  21. Off street carparks
  22. Other infrastructure

Local Government Victoria Asset Investment Guidelines

The Local Government Asset Investment Guidelines contains an example Capital Funding allocation table that includes the following asset categories:

It notes that:

  1. Parks includes Outdoor Furniture and Signage and Public Lighting
  2. Recreation, Leisure and Community Facilities includes building assets in these services
  3. Other Infrastructure includes Piers & Jetties, Caravan Parks and Markets & Saleyards.

Related Pages

External Links & References

  1. Google Search

Asset Group Rectification Strategy
The National Asset Management Assessment Framework suggests that asset failures and causes of failures should be recorded and analysed to identify failure trends and asset group rectification strategies.

Asset Handover
Asset Handover is the process of transferring the responsibility for maintaining and managing a new asset from the entity that has constructed it to the entity (e.g. department, organisation or team) that will be responsible for its ongoing management into the future.

Asset Hierarchy
An asset hierarchy is a framework for segmenting an asset base into appropriate classifications. The asset hierarchy can be based on asset function; asset type or a combination of the two.

Asset Identification Label
An Asset Identification Label is an adhesive plastic tag that can be affixed to an asset to help identify it. The tags may or may not be bar coded.

Asset Information Model
An Asset Information Model (AIM) is a maintained information model used to manage, maintain and operate an asset.

Asset Information System
An Asset Information System is a system for storing asset related information.

Asset Inventory
An asset inventory is a list of assets containing sufficient information about the assets to physically locate and identify them.

Asset Knowledge Management Strategy
An Asset Knowledge Management Strategy is a strategy for managing asset knowledge.

Asset Lifecycle
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Asset Lifecycle Management
Home -> Asset Management Software -> Asset Lifecycle Management

Asset Lives
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  1. substitute the name of the desired destination page for "page-name" in the code above.
  2. delete the asterisk (*) from the code above.
  3. delete these instructions.
  4. click on save below.

Asset Location Techniques
Before an asset can be mapped its geographical position needs to be determined. There are a number of techniques for doing this, including;

Asset Maintenance Cost Rules of Thumb
In order to estimate the future lifecycle cost of a new asset or facility it is necessary to estimate the total cost of maintaining the asset or facility over its entire life.

Asset Maintenance Management System
An Asset Maintenance Management System (AMMS) is a system designed to program & record an organisation's maintenance activities. The term Computerised Maintenance Management System (CMMS) is often used to describe the same type of software.

Asset Maintenance Strategy
An Asset Maintenance Strategy is a strategy for the implementation and documentation of asset maintenance practices, plans, processes & procedures within an organisation.

Asset Management
Asset Management is the combination of management, financial, economic, engineering and other practices applied to physical assets with the objective of providing the required level of service in the most cost effective manner. It includes the management of the whole life cycle (design, construction, commissioning, operating, maintaining, repairing, modifying, replacing and decommissioning/disposal) of physical and infrastructure assets.

Asset Management & Maintenance Journal
The Asset Management & Maintenance Journal (AMMJ), is/was a journal for all those interested in the maintenance, monitoring, servicing and management of plant, equipment, buildings and infrastructure. The AMMJ is read in over 120 countries and has informative articles and news from around the World.

Asset Management Accountability Framework
The Asset Management Accountability Framework (AMAF) is a Victorian Government framework designed to assist Victorian Public Sector agencies manage their asset portfolios and provide better services for Victorians.

Asset Management Advancement Program 2009-10
The Asset Management Advancement Program (A-MAP) is is a program developed by the Queensland Department of Infrastructure and Planning to provide a milestone based approach to the development and implementation of AMPs in Queensland local councils.

Asset Management Advancement Program 2011-12
Contents for A-MAP 2011-12 issued by Department of Local Government and Planning during August 2011.

Asset Management Anecdotes
Asset Management Anecdotes -> Asset Management Success Stories

Asset Management Checklist
Below is a simple checklist of questions you should consider asking yourself if you manage infrastructure assets. Please feel free to add to the list.

  • Do you have an Asset Management Strategy?
  • Do you have Asset Management Plans?
  • Have you documented your asset management practices?
  • Do you know the location of each of your assets, with enough detail to unambiguously identify them?
  • Do you have a list of all the legislation impacting on the management of assets in your state?
  • Have you documented all of your asset management related outputs?
  • Have you documented what you would like your asset management systems to be able to do?
  • Are you confident that the data stored in your asset register is correct?
  • Are you confident that all of the assets you are responsible for have been entered into your asset management system?
  • Have the responsibilities for assets & asset management related tasks within your organisation been clearly defined?
  • Have the asset management terms used within your organisation been clearly defined?
  • Are developers aware of the information you would like them to provide when they hand assets over to Council?
  • Do you have a Capital Works Evaluation Framework in place?
  • Are you keeping up-to-date with the latest asset management related; technologies, theories and practices?
  • Do you have a system for improving your asset management practices?
  • Are you making the best possible use of everyone's knowledge?
  • Are you maximising value for effort by minimising duplication of effort?
  • Is it easy to find the information you need to answer questions and make good decisions?
  • Are you able to clearly explain to your ratepayers the cost and funding implications of various service levels?
  • Do you look for ways of automating or eliminating mundane tasks?
  • Do you look for ways to anticipate future needs?
  • Do you look to understand the real underlying reasons for what you do?
  • Do you monitor how accurate past predictions have been and seek to ensure future predictions are more accurate?

Asset Management Consultants
The list below is generated automatically. To add an Asset Management Consultant's page to the list, add the tag "am-consultant" to the page.

The ListPages module does not work recursively.

Asset Management Coordinator
An Asset Management Coordinator is a person appointed by an organisation to ensure the organisation's corporate Asset Management goals, objectives and legal obligations are met.

Asset Management Council
The Asset Management Council is a group formed to promote and advance all facets of the science and practice of reliability and maintenance engineering and the engineering management of assets, and to facilitate the exchange of information and ideas related thereto.

Asset Management Courses
Below is a list of Asset Management courses available in Australia & New Zealand. Please feel free to add links to any other Asset Management related courses.

Asset Management Elements
Many asset management documents including Asset Management Plans typically contain a number of separate elements, e.g. reports, projections, statements, summaries, forecasts, etc.

Asset Management Framework
An asset management framework is a set of documents, systems and processes that addresses an organisation's asset management responsibilities.

Asset Management Governance
Asset Management Governance is the manner in which an organisation allocates responsibility for and makes decisions about asset management related projects, tasks, actions and issues.

Asset Management Guide for Sport and Recreation Facilities
The Asset Management Guide for Sport and Recreation Facilities is a guide published by the Western Australian Department of Sport Recreation.

Asset Management Ideas
On the blog recently we asked What you would do with $2.7 million?. This was in response to the announcement that the Queensland Government & LGAQ were successful in obtaining $2.7 million in funding from the Federal Government's Local Government Reform Fund to support Queensland Council's developing Core Asset Management Plans for key infrastructure assets. It is probably a bit late to influence how the money will be spent now, but perhaps if all Councils can get together and decide on their asset management priorities, perhaps that's where the money will get spent next time.

Asset Management Improvement Plan
An Asset Management Improvement Plan is a strategic plan that provides for monitoring and control of the Asset Management Improvement Activites. It provides the link between the Asset Management Strategy and the annual operations plans and budgets. This plan will ensure that acceptable progress is made on improving asset management processes and procedures and that progress can be verified and quantified.

Asset Management Maturity Model
An Asset Management Maturity Model is a standardised list of asset management related competencies that can be used to compare how well different organisations are implementing asset management.

Asset Management Plan

Click here for a mobile friendly version of this page.

Asset Management Plan Template
An asset management plan template is a template for an asset management plan.

Asset Management Plan Template

Asset Management Plan Template No.2
Text, text, text

Asset Management Planning
Asset Management Planning is the application of detailed asset management practices to achieve strategic goals through meeting defined levels of service.

Asset Management Plans

Asset Management Policy

Click here for a mobile friendly version of this page.

Asset Management Practices
In Queensland the Department of Local Government, Sport & Recreation has mandated that Asset Management Plans should contain a section on asset management practices.1.

Asset Management Presentation
I (Wayne Eddy) am currently working on a slide show presentation about Asset Management.

Asset Management Related Tasks
The page has been set up to compile a comprehensive list of asset management related tasks, with a view to eventually surveying Councils to determine how they tackle each task and identifying best practice within the industry.

Asset Management Responsibilities
Because asset management functions tend to be distributed across an organisation, it can be useful to clearly document which functions are the responsibility of which section within a Council.

Asset Management Services
Example:
Road Asset Management Services Contracts: QLD South Coast maintenance works

Asset Management Skills Matrix
The National Asset Management Assessment Framework suggests that Councils should have a current asset management skills matrix or asset management services matrix.

Asset Management Software
The list below is generated automatically. To add an Asset Management System's page to the list, add the tag "am-system" to the page.
Each page contains a list of which Councils are currently using the system.

The ListPages module does not work recursively.

Asset Management Special Interest Group
An Asset Management Special Interest Group is a Special Interest Group created to advance asset management knowledge.

Asset Management Steering Committee
An Asset Management Steering Committee is a group appointed by a Chief Executive Officer to review and monitor an organisation's corporate Asset Management Improvement Program and ensure the development of integrated asset management systems and plans consistent with organisational goals and objectives.

Asset Management Strategy
An Asset Management Strategy is a strategy for the implementation and documentation of asset management practices, plans, processes & procedures within an organisation. It is a high level but very important document that guides the overall asset management activities within an organisation.

Asset Management Success Stories
Proving to someone the need for Asset Management the is not always an easy task. It is said that telling stories is a very powerful way of getting a message across. This page has been set up as a place to collect stories illustrating the benefits of asset management, to hopefully make the job of explaining the benefits of Asset Mangement a little bit easier.

Asset Management System
Term Asset Management System (AMS) has two main meanings in the local government context.

Asset Management System Capabilities Voting Table
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The ListPages module does not work recursively.

Asset Management System Development
Asset Management System Development is the process of building, modifying and or improving an Asset Management System.

Asset Management System Functional Specification
Below is a crowd sourced functional specification for a typical asset management system, with clauses listed in order of their importance, as judged by the number of site members voting for the clause. Click here for the unranked list of capabilities.

Asset Management System Implementation
Asset Management System Implementation is the process of setting up and rolling out a new Asset Management System.

Asset Management System Implementation Checklist
Purchasing an Asset Management System does not automatically solve an organisation's asset management needs.

Asset Management System Specification
Asset Management System Specification -> Asset Management System Functional Specification

Asset Management Team
An Asset Management Team is a team appointed by an organisation to review and monitor the corporate asset management improvement program and ensure the development of integrated asset management systems and plans consistent with organizational goals and objectives.

Asset Management Terminology
There are many acronyms and specialised terms used in the Asset Management arena. Some terms are well defined and others are not.

Asset Management Training
Asset Management Training is any training that results in the acquisition of asset management related knowledge, skills, and/or competencies.

Asset Management Training Manual
The National Asset Management Assessment Framework suggests that in order to reach core asset management maturity a Council should have "a process for meeting training needs in financial and asset management practices for councillors and staff" in place.

Asset Management Vision
An Asset Management Vision is simply a Council's (or any other organisation's) vision for asset management.

Asset Management Working Group
Asset Management Working Group is an alternate term for Asset Management Team.

Asset Mapping
Asset Mapping is the process of identifying and plotting the exact position of assets on a map, typically within a Geographical Information System. The map below for example shows the location of roundabouts with the south east corner of the City of Whittlesea.

Asset Mates

Asset Name
An asset name is the name by which an asset is known.

Asset Naming
Asset naming is the process of assigning an asset name to an asset.

Asset Numbering System
An Asset Numbering System is a system for assigning unique asset numbers to assets.

Asset Operating Environment
An asset's operating environment includes the following:

Asset Owner
An Asset Owner is a person, team, branch or department within a Council (or any similar organisation) that has the overall responsibility for the executive/budget/community decisions surrounding a certain class of asset, e.g. roads, drainage, parks, buildings and land.

Asset Performance
Asset Performance is the ability of an asset to deliver a target level of service.

Asset Performance Monitoring
Asset Performance Monitoring is the measurement of asset performance over time with a view to assessing if assets are actually delivering the level of service they are designed to deliver.

Asset Plan
Section 92(1) of the Victorian Local Government Act 2020 requires that all Victorian Councils develop, adopt and keep in force an Asset Plan in accordance with its deliberative engagement practices.

Asset Planning
Asset Planning is the process of determining the services required by an organisation's customers and ensuring that the assets necessary to deliver those services are managed in the most cost effective way possible.

Asset Planning and Management Framework
The Asset Planning and Management Framework has been published by the Local Government and Planning Ministers' Council.

Asset Planning Management Framework
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Asset Portfolio
The National Asset Management Assessment Framework uses the term Asset Portfolio to describe all the assets owned by an organisation.

Asset Protection
In local government the term Asset Protection is often used to describe conditions imposed on builders to try to protect council assets such as footpaths, kerbs, vehicle crossovers and nature strips, that could be damaged during building construction works.

Asset Rationalisation
Asset Rationalisation is the restructuring of an organisation's asset inventory to ensure that it matches its projected requirements whilst minimising life-cycle costs.

Asset Recognition
Asset Recognition is the process of recording assets and their values in an asset register.

Asset Recognition Threshold
Asset Recognition Threshold -> Financial Capitalisation Threshold

Asset Register
An asset register is a database or document containing specific information about the assets owned or controlled by an organisation.

Asset Register Field Checklist
The table below is a checklist of fields that could be included within an asset register. It is hoped the table will serve as a starting point for the development of a common data exchange format for asset management systems.

The ListPages module does not work recursively.

Asset Register Structure
Setting up the correct asset register structure is an essential first step to ensure you have a useful, informative Asset Management System ('AMS').

Asset Renewal

Renewal or more formally Asset Renewal is the replacement or refurbishment of an existing asset (or component) with a new asset (or component) capable of delivering the same level of service as the existing asset.

asphalt-overlay-mill-park.jpg

Renewal Activities

A renewal activity is any work on an asset or asset component that is of a capital nature and (attempts) to bring the asset component (or asset) back to as new condition. Renewal activities are appropriate to all assets and can involve the complete replacement of the asset (in situ) with the new asset providing the original (intended) level of service.

The list below is generated automatically. To add an activity to this list, create the page and add the tag "renewal-activity" to it.

The ListPages module does not work recursively.

Note: The Queensland Grants Commission classifies road resheeting as a maintenance activity.

Renewal Expenditure

Renewal expenditure is any expenditure on the renewal of an asset.

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Related Pages

Collaborators

The following people have indicated (via the Local Government Collaboration Topics Survey) that they have an interest and/or expertise in the topic of 'asset renewal' and are willing to collaborate with their peers at other councils to identify challenges and resources relating to the topic and to look for ways to work together to overcome any challenges that are identified.

External Links & References

  1. NAMS.AU Position Paper - Asset Consumption & Asset Renewal
  2. International Infrastructure Management Manual
  3. Google Search (Renewal)
  4. Google Search (Asset Renewal)

Asset Renewal Gap

A renewal funding gap (also asset renewal gap) is the difference between;

a) the amount of funds required annually for the renewal of an asset class over the useful life of that asset class, and;
b) the amount of funds currently being spent on renewing the asset class annually.

In other words it is the difference between what an organisation spends on renewing its assets and what it needs to spend to maintain the current average condition and service level of its assets.

renewal-funding-gap.png

Where a renewal funding gap exists, the average condition of the asset class in question will deteriorate over time.

Synonyms

Related Pages

Contributors

The following site members have contributed to this page:

External Links & References

  1. MAV Renewal Gap Model
  2. Google Search

Asset Renewal Program
A Renewal Program or more formally an Asset Renewal Program is a program of scheduled works designed to return assets of a given type to as new condition.

Asset Replacement Cost

The Replacement Cost of an asset (also Asset Replacement Cost & Current Replacement Cost) is the cost of replacing an existing asset with a substantially identical new asset or a modern equivalent.

Related Pages

Contributors

The following site members have contributed to this page:

External Links & References

  1. International Infrastructure Management Manual
  2. Google Search (Replacement Cost)
  3. Google Search (Current Replacement Cost)
  4. Google Search (Replacement Value)

Asset Replacement Profile
An asset replacement profile is the projected variation over time of capital expenditure on replacement of assets.

Asset Reporting
Asset Reporting is the process of creating a report about the value, condition, performance or any other aspect of an entities assets.

Asset Retirement
The new Victorian Local Government Act will require Councils to prepare an Asset Plan, and include within it information about new assets, asset retirement, maintenance and renewal requirements for each class of infrastructure assets and to be informed by the deliberative community engagement process.

Asset Revaluation Frequency
Section 5.1.11 of AASB 1041 states that:

Asset Revaluation Index
An Asset Revaluation Index is a measure of how the cost of engineering construction changes over time. The Queensland Office of Economic and Statistical Research publishes 3 monthly Asset Revaluation Index updates.

Asset Revaluation Reserve
An asset revaluation reserve is a reserve account that records any surplus resulting from an asset revaluation.

Asset Sales
Asset Sales are the process of selling of assets.

Asset Segmentation
Asset Segmentation is the process/practice of (notionally) breaking up network assets into discrete segments within a database.

Asset Stewardship
Asset Stewardship is the act of responsibly managing an asset on behalf of the asset's owners.

Asset Strategic Plan
The Financial Management Standard 1997 requires asset strategic planning to be undertaken by agencies as part of their strategic and operational planning processes. The asset strategic plan links with other strategic plans of the agency including finance, human resources and information systems as enabling strategies for the delivery of the agency's core services.

Asset Sub-Type
Asset Sub-Type is a field within some asset management systems. It is typically more specific than the asset type field, and may reference an asset's; function, material, size & style.

Asset Sustainability Ratio
The Local Government Association of South Australia collects information on the performance of all Councils as part of its Comparative Performance Measurement Project (CPMP). Sources of this information include a number of government agencies, and a voluntary community survey.

Asset Type
An asset type is a generic name assigned to a group of assets with a similar or identical function. It is usually an important field within an asset database / asset management system.

Asset Type Matrix
As noted on the Asset & Component Types page the names of generic asset types can vary considerably from municipality to municipality & standard to standard. The table below is an attempt to make sense of the confusion.

Asset Types

Asset Utilisation
Asset Utilisation is the extent to which an asset is being productively used. It is typically measured as a percentage of its capacity.

Asset Utilisation Measure

A Utilisation Measure (also Asset Utilisation Measure) is a measure of the extent to which an asset or facility is being used. A typical utilisation measure is the percentage of capacity being used.

Related Pages

External Links & References

  1. Google Search (Asset Utilisation Measure)
  2. Google Search (Utilisation Measure)

Asset Valuation
Asset Valuation is the process of assigning a monetary value to an asset or group of assets. Councils are obliged to accurately value their assets under various accounting standards and regulations.

Asset Valuation Framework
According to the Victorian Auditor-General's Office (VAGO) an Asset Valuation Framework is made up of the following three elements: 2

  • Policy
  • Management Practices
  • Governance and Oversight

Asset Valuation Policy
An Asset Valuation Policy is a policy that specifies a Council’s approach to undertaking financial valuations and revaluation of non-current assets.

Asset Value Projection
An Asset Value Projection is a mathematical model used to predict how the value of a group of assets will change over time.

Asset Vision
Asset Vision is an industry leading Asset Maintenance and Operations Management solution for Government and Enterprise, which revolutionises communication between Asset Owners and their Contractors by putting them on the one, unified system.

Assetasyst
AssetAsyst is the expanding asset inventory, maintenance and inspection management system developed by pitt&sherry to better manage all types of infrastructure, including roads, footpaths, buildings, bridges, parks and reserves, and even resources such as forestry assets.

AssetFinda
AssetFinda is an Asset Management System with a very strong focus on GIS and mobile field devices.

Asset.gov
Asset.gov is a NSW Department of Commerce initiative aimed at using the Internet to create secure, collaborative environments that support the management of projects and information.

Assetic
Assetic is an Australian based company that provides Strategic Asset Management software and services to local government and other major organisations.

Assetic Photos
The photos below have been made available by Assetic. They have been released to the public domain.
To upload additional photos, click on the grey "files" button at the bottom of the page.

AssetMates
AssetMates is an IPWEA hosted Asset Management forum.

Assetpro
Assetpro is an Asset Management System developed by Summit Software.

Assets

Association of Local Government Information Management
The Association of Local Government Information Management (ALGIM) is an organisation that represents the national and international interests of the information, communication and technology (ICT) sector within New Zealand’s city, district and regional councils.

Association of Victorian Regional Waste Management Groups
The Association of Victorian Regional Waste Management Groups is an association of Victoria's 13 Regional Waste Management Groups, namely:

At-Grade Intersection

Atherton Tablelands Geographic Information Services
Atherton Tablelands Geographic Information Services (ATGIS) was a functional unit of the Tablelands Regional Council. ATGIS provided world class geographic information solutions to Local Governments and also to State Government, Community and Industry organisations.

Attack Hydrant
An attack hydrant is a term used to describe a fire hydrant with flow and pressure suitable for fighting a fire at a commercial premises. In most cases it would be an internal hydrant on a commercial premises supplied from a permanent booster pump or a fire fighting appliance.

Audit
An audit is an official inspection of an organization's accounts, typically by an independent body.

Audit Committee
An audit committee is an advisory committee established by a Council to:
(i) focus on issues relevant to the integrity of the Council’s financial reporting
(ii) monitor risk management systems, internal control framework, compliance and internal audit activities
(iii) liaise between external auditors, internal auditors and management.

Audit Trail
An audit trail is a cross-referenced record of relevant information accompanying an entity's financial statements, sufficient in detail and clarity to enable an informed opinion to be formed as to the validity of such statements.

Auditor's Report
An auditor's report is a document stating whether or not in an auditor's opinion the financial statement submitted by an organisation is free from material misstatements and is in compliance with prescribed accounting standards and legislation.

Aurora
Aurora is a library management system designed and developed in Australia by AIT.

Ausfleet
AusFleet is a Fleet Management System used by a significant number of NSW and other Councils. It is a client/server application that can be installed on local servers or hosted by AusFleet and deployed anywhere in the world using thin client technology

Aussoft
AusSoft Solutions Pty Ltd was an Australian-owned company that sold Local Government software systems covering the following areas:

  • Financials
  • Property
  • Rating
  • Mapping
  • Receipting
  • Websites and Content Management Systems

AUS-SPEC
AUS-SPEC (Also referred as Ausspec) is a Local Government specification for minor civil works, developed by NATSPEC.

Australasian Legal Information Institute
The Australasian Legal Information Institute (AustLII) is an online free-access resource for Australian legal information. AustLII is a joint facility of the UTS and UNSW Faculties of Law.

Australasian Society for Trenchless Technology
The Australasian Society for Trenchless Technology is an organisation set up in the early 1990's to:

  • To advance the science and practice of trenchless technology for the public benefit
  • Provide a forum in Australia and New Zealand for interchange of multi disciplinary knowledge and skills in the field of trenchless technology
  • Arrange or sponsor meetings, conferences and symposia on subjects consistent with the objectives of the Society
  • Encourage the interchange of specialists in trenchless technology within Australia and New Zealand
  • Liaise and establish affiliations with related organisations, both within Australia, New Zealand and overseas
  • Inform and advise the public and Government on matters concerned with trenchless technology
  • Encourage education, training and research

Australia
Australia is an island country located to the south east of Asia.

Australia and New Zealand School of Government
The Australia and New Zealand School of Government (ANZSOG) is an educational institution dedicated to promoting public sector leadership and policy. It is a member of the Australian Centre of Excellence for Local Government Consortium.

Australia Pacific Valuers
APV Valuers and Asset Management are consultants specialising in the filed of in Fair Value Valuations, Depreciation Methodologies (AASB 116 - land, buildings and infrastructure assets) and Asset Management services to the Local Government, Public, Not-For-Profit and Private Sectors.

Australia.Gov.au
Australia.Gov.au is a website operated by the Department of Finance and Deregulation which links to information and services on around 900 Australian Government websites as well as selected state and territory resources. Australia.gov.au also searches over four million web pages from Australian, State and Territory Governments.

Australian Accounting Standards

Australian Accounting Standards Board
The Australian Accounting Standards Board (AASB) is an independent accounting standard-setter based in Melbourne, Australia.
The Board comprises 13 members including the Chairman. The Chairman is appointed by the Minister for Superannuation and Corporate Law and members, from a variety of backgrounds, are appointed by the Financial Reporting Council (FRC).

Australian Asphalt Pavement Association
The Australian Asphalt Pavement Association (AAPA) represents Australia’s manufacturers and practitioners of asphalt and other bitumen products, and champions continual improvement in asphalt and bitumen technology.

Australian Asset Management Collaborative Group
The Australian Asset Management Collaborative Group (AAMCoG) was a group of organisations with an interest in asset management.

Australian Bicycle Council
The Australian Bicycle Council is the national body that manages and coordinates implementation of the Australian National Cycling Strategy.

Australian Bureau of Statistics
The Australian Bureau of Statistics (ABS) is Australia's national statistical service.

Australian Business Excellence Framework
The Australian Business Excellence Framework (ABEF) is a is a non prescriptive leadership and management system that describes the essential elements of organisational systems in seven categories and based on twelve quality principles.

Australian Capital Territory
The Australian Capital Territory (ACT) is the capital territory of the Commonwealth of Australia. The ACT has internal self-government, but it does not have the full legislative independence of the Australian states. It is governed by a Ministry headed by a Chief Minister. Laws are made in a 17-member Legislative Assembly that has all state and local government functions.

Australian Capital Territory Councils

NSW . Northern Territory . Queensland . South Australia . Tasmania . Victoria . Western Australia . ACT . New Zealand . World

Australian Centre of Excellence for Local Government
The Australian Centre of Excellence for Local Government (ACELG) was created by the Federal Government to promote best practice, innovation and professionalism in local government.

Australian Council of Local Government
The Australian Council of Local Government (ACLG) met for the first time on 18 November 2008.

Australian Councils

Australian Department of Human Services
The Department of Human Services is a Federal Government Department.

Australian Drinking Water Guidelines
The Australian Drinking Water Guidelines (ADWG) are guidelines published by the Australian Federal Government.

Australian Driverless Vehicle Initiative
Australian Driverless Vehicle Initiative is an initiative designed to accelerate the safe and successful introduction of driverless vehicles onto Australian roads.

Australian Government Information Management Office
The Australian Government Information Management Office (AGIMO) is part of the Department of Finance and Deregulation.

Australian Government Information Policy
The Office of the Australian Information Commissioner has recently released an issues paper for comment, with a view to developing an Australian Government Information Policy.

Australian Height Datum
The Australian Height Datum (AHD) is a geodetic datum for altitude measurement in Australia.

Australian Infrastructure Financial Management Guidelines
Australian Infrastructure Financial Management Guidelines are an IPWEA publication deigned to provide direction for every organisation and individual with responsibility for the management of infrastructure assets.

Australian Legislation
Australian Legislation consists of the acts and regulations passed by federal & state governments. Local Government in every state and territory is effected by many many different acts and regulations. Below is a non-exhaustive list of some of the acts which effect Australian Local Governments on a day-to-day basis.

Australian Local Government Association
The Australian Local Government Association (ALGA) is the national voice of local government, representing every council across the country.

Australian Local Government Mapinfo User Group
The Australian Local Government Mapinfo User Group is a Yahoo based group created in 2006 to discuss MapInfo.

Australian Local Government Women's Association
The Australian Local Government Women's Association (ALGWA) is an organisation devoted to:-

  • Assisting the furthering of women's knowledge and understanding of the functions of Local Government
  • Encouraging women to participate in Local Government
  • Encouraging women to make a career from Local Government
  • Protecting the interests and rights of women in Local Government
  • Taking action in relation to any subject or activity affecting Local Government and Local Government legislation
  • Acting in an advisory capacity to intending women candidates for Local Government elections

Australian Municipal Photo Library
The Australian Municipal Photo Library is a proposed library of public domain images of Council assets and activities that can be reused by Councils and other entities.

Australian National Audit Office
The Australian National Audit Office (ANAO) is a specialist public sector practice providing a full range of audit services to the Parliament and Commonwealth public sector agencies and statutory bodies.

Australian Open Design Library
It has been suggested that an Australian Open Design Library should be created, to house designs released under an open licence like the GNU General Public License or a Creative Commons ShareAlike License.

Australian Rainfall and Runoff
Australian Rainfall and Runoff is a design guide, comprised of two volumes. It is published by Engineers Australia and provides designers of works and structures subject to floods with the best available information on design flood estimation. [1]

Australian Road Rules
The Australian Road Rules are empowered by regulations made under various state acts, namely:

Australian Road Rules Dictionary
The Australian Road Rules Dictionary is a glossary of terms used in the Australian Road Rules published by the National Transport Commission.

Australian Rural Roads Group
The Australian Rural Roads Group (ARRG) is a group of Australian Councils that have joined together to lobby government for improved funding for rural roads.

Australian Standard
An Australian Standard is a document that sets out specifications and procedures designed to ensure products, services and systems are safe, reliable and consistently perform the way they were intended to. They establish a common language which defines quality and safety criteria.

These documents are practical and don’t set impossible goals. They are based on sound industrial, scientific and consumer experience and are constantly reviewed to ensure they keep pace with new technologies.

They cover everything from consumer products and services, construction, engineering, business, information technology, human services to energy and water utilities, the environment and much more.

Each standard is developed by a committee made up of technical, business, academia, government and community experts who come together to debate how a product or system should perform and how it should be made. Before finalisation, every standard is subject to public comment to ensure everyone with an interest in the subject has the opportunity to input.

Australian Standards

An Australian Standard is a document that sets out specifications and procedures designed to ensure products, services and systems are safe, reliable and consistently perform the way they were intended to. They establish a common language which defines quality and safety criteria.

These documents are practical and don’t set impossible goals. They are based on sound industrial, scientific and consumer experience and are constantly reviewed to ensure they keep pace with new technologies.

They cover everything from consumer products and services, construction, engineering, business, information technology, human services to energy and water utilities, the environment and much more.

Each standard is developed by a committee made up of technical, business, academia, government and community experts who come together to debate how a product or system should perform and how it should be made. Before finalisation, every standard is subject to public comment to ensure everyone with an interest in the subject has the opportunity to input.

Australian Standards are developed by Standards Australia Limited and sold and distributed worldwide by SAI Global Limited.

Related Pages

External Links & References

  1. Australian Standards blocked from Open Access (Net Traveller)
  2. Wikipedia
  3. IPWEA Australian Standards Discussion
  4. Google Search

Australian Water Association
The Australian Water Association (AWA) is a leading water sector body in Australia. It represents over 10,000 water sector professionals across all disciplines. Formed in 1962, AWA is an independent and not for profit association, providing a voice for water professionals around Australia on a wide range of sector issues including skills shortages, climate change, water management and reform and regulation.

Australian Water Authorities
The lists below are generated automatically. To include a page add the tag "water-authority" plus one of the following "nsw", "nt", "qld", "sa", "tas", "vic", "wa".

Austroads
Austroads is the association of Australian and New Zealand road transport and traffic authorities.

Austroads Glossary of Terms
The Austroads Glossary of Terms provides an A-Z list of more than 3,000 road transport terms with definitions.

Austroads Guide to Asset Management
Austroads has published a Guide to Asset Management.

Austroads Guide to Road Design
The Austroads Guide to Road Design is broken up into eight sections.

Austroads Guides
Austroads publish a number of guides of interest to local government including, those listed below.

Austroads Photos
The photos below have been extracted from A guide to the Visual Assessment of Pavement Condition published by Austroads in 1987.
Austroads, have kindly consented to their re-use here, on the condition that Austroads is properly acknowledged as the source.

Austroads Ravelling Photo No.2
Austroads-Ravelling-2.jpg

Austroads Road Data Harmonisation Project
Austroads Road Data Harmonisation Project is an Austroads project with the goal of establishing a harmonised road asset data standard for use in Australia and New Zealand.

Authority
the term authority can have a number of meanings in the local government context.

Authority Asset Management
Authority Asset Management is the new name of Civica's Asset Management module. It replaces AIM.

Authority Enterprise Software Suite
The Authority Enterprise Software Suite is an enterprise application suite is designed specifically for the Local Government industry and sold and developed by Civica.

Authority Financials
Finance Systems -> Authority Financials

AutoCAD
AutoCAD is a drafting package provided by Autodesk

Automated Car Convoy
An Automated Car Convoy is a string of computer controlled driverless cars slaved to the directions of the professional driver leading the group. The driverless cars maintain the correct speed and distance from the lead car.

Automated Construction Techniques
Automated construction techniques are becoming ever more common, both fully automatic robot construction, like those listed below…

… and semi-automatic systems like the automatic road paving machine shown in the video below.

Automatic Road Paving Machine
An Automatic Road Paving Machine is a device that automatically places road pavers in the correct orientation onto a road pavement.

Auxiliary Lane
An auxiliary lane is that portion of the carriageway adjoining through traffic lanes, used to separate either faster overtaking traffic or slower moving vehicles from through traffic, or for other purposes supplementary to through traffic movement.

Auxiliary Lanes

Average Recurrence Interval
The Average Recurrence Interval (ARI) of a rain event is an estimate of the average time between random events. For example, in relation to rain events, historical data may indicate that a particular area has had 50 mm of rain in 30 minutes approximately every 25 years. This means that the probability of 50 mm of rain falling in 30 minutes in a particular locality in any one year is 1 in 25. Alternatively, there is a 4% chance of such a rain event in any one year, or 4 AEP.

AXIM
AXIM is/was an asset management vendor/system/consulting company used by a number of Australian Councils.

Back of Kerb
The term Back of Kerb is used to describe the edge of kerb and channel furtherest from the road it adjoins. The line of the back of kerb is sometimes used as a reference line when carrying out a feature survey or setting out works in a road reserve.

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