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Transcript of Asset Management
Parameters or combination of parameters that reflect social, political, environmental or economic outcome delivered by an asset.
Levels of service
What is asset management?
The set of co-ordinated activities that an organisation uses to realise value from assets in the delivery of its outcomes or objectives.
For the City of Melbourne the primary value derived from assets is the delivery of services
What is an asset?
An item owned and/or controlled by the CoM that has been allocated to agreed asset classes, which has value to the community and enables services to be provided.
Council has a $3 billion asset portfolio to support community services.
Council has a responsibility to protect and maintain these assets.
Why do we need this information?
Understand the current state of assets.
Understand future needs and commitments.
Make smart asset investment decisions.
Improve customer satisfaction.
Improve transparency in decision making.
Planning new asset investments
Asset renewal planning
100 or 1,000 people capacity?
Repainted every year or every 5 years?
How much will the book collection cost?
How many staff are needed?
How much electricity will it consume?
What do we own?
Where is it?
What is it made of?
What condition is it in?
What is it's value?
What is it's remaining useful life?
What asset information
do we need to know?
Parks and gardens
(benches, signs, bollards)
Wharves and marinas
Trees and horticulture
Corporate IT assets
Place for surface assets
Active and passive recreation
Administration and community services
Safety and amenity
Recreation, wayfinding, traffic regulation
How do we use this data and information for decision making?
Customer Request System
Document Management System
Depends on species and location
Deliver required services in the most cost effective manner by managing assets for present and future customers
Long Term Financial Plan
City of Melbourne
Strategic Asset Management Framework
on right assets,
at the right time.
and to State Government)
1-5 scale (1 - asset failure; 5 - new).