Table of Contents
1.0 EXECUTIVE SUMMARY
3.0 STRATEGIC BUSINESS CONTEXT
3.1 Alignment of SAMP with Agency Strategic Plan
3.2 Scope
3.3 Asset Description and Delivered Services
Table 3.3-1, List of Major Assets
3.4 Demand Forecast for Services
3.5 Strategy Duration
5.0 EXTERNAL AND INTERNAL INFLUENCES
Table 5.0-1, External Influences (Opportunities & Threats)
Table 5.0-2, Internal Influences (Strengths & Weaknesses)
5.1 SWOT Analysis
Table 5.1-1: SWOT
6.0 ASSET MANAGEMENT CAPABILITIES AND SYSTEM
6.1 Current Maturity level
6.2 Long Term Objectives
6.3 Current Strategies and Initiatives
6.4 Resource Requirements
7.0 ASSET CRITICALITY
7.1 Criteria
7.2 Usage of Criticality Model
8.0 CURRENT STATE
8.1 Historical Costs
8.2 Asset Condition and Trends
8.3 Asset Performance
8.4 Performance and Practices Benchmarking
9.0 RISK ASSESSMENT
10.0 STRATEGY AND FUTURE STATE
10.1 Future State Asset Performance
10.2 Strategy
10.2.1 Sustainment Strategy
10.2.2 Growth (Expand) Strategy
10.2.3 Strategy for Managing Technological Change and Resiliency
10.3 Planned Future Investments/Spend Levels
Figure 10.3-1, Capital and Expense Future Spend
Figure 10.3-2b, Capital Future Spend – Low Range
Figure 10.3-3, Asset Management Expense Future Spend
10.4 Implementation Risks
Table 10.4-1, Implementation Risks
10.5 Asset Conditions and Trends
10.6 Performance and Risk Impact
11.0 Addressing Barriers to Achieving Optimal Performance
Table of Contents
1.0 Acronyms and Abbreviations
2.0 Terms and Definitions
3.0 Purpose and Scope
4.0 Background
5.0 Strategic Alignment
6.0 Business Context and Analysis
7.0 Needs and Expectations of Interested Parties
8.0 Asset Management Decision Making Approach
9.0 Asset Management Objectives and Performance Targets
10.0 Asset Management Framework
11.0 Key Asset Management Improvement Initiatives
12.0 Asset Management Roles and Responsibilities
13.0 Risks and Opportunities of Implementing this Strategy
Table of Contents
Section 1
1.1 Introduction
1.2 Asset Management Strategy
1.3 Our Land and Property
1.4 Our Money
Section 2
2.1 Our Corporate Landlord Approach
2.2 Measuring our Performance
2.3 Challenging our Assets
2.4 Maintaining our Assets
2.5 Working with Partners
2.6 Engaging with our Communities
2.7 Our Forward Plan
Table of Contents
1 Context
1.1 Strategy Development Framework
1.2 Integrated Planning and Reporting Guidelines
1.3 QPRC Community Strategic Plan
1.4 QPRC Asset Management (AM) Framework
1.5 QPRC Asset Management Guiding Principles
2 Driver
2.1 NSW Government and Regional Initiatives
2.2 Asset and Service Requirements
2.3 Customer Expectations
2.4 Exposure to Risk
3 Pressures
3.1 Growth
3.2 Customer
3.3 Changing Regulatory Requirements
3.4 Serviceability
3.5 Capability
3.6 Technology Integration
4 State
4.1 Asset Value
4.2 Asset Condition
4.3 Asset Management Maturity
4.4 Technology Platforms
5 Impact
5.1 Business Continuity
5.2 Natural Disaster Response
5.3 Asset Intervention Assessments
5.4 Asset Ratios
5.5 New Assets and Financials
6 Response
6.1 Key Actions
6.2 Asset Investments
6.3 Major Project Visualisation
6.4 Asset Forecasts
Table of Contents
INTRODUCTION
STRATEGIC CONTEXT
Planning and Asset Management Framework
Council Plan
Relationship with Organisational Objectives
Scope of Asset Management System
Purpose and Structure of Asset Management System
Asset Management Leadership
Responsibility for the AM Strategy
Planning Timeline
Regulatory Framework
COUNCIL’S ASSET PORTFOLIO AND CURRENT STATUS
Asset Classification
Asset Portfolio Stocktake
Current Asset Replacement Costs
Current Asset Performance
STRATEGIC ORGANISATIONAL CONTEXT
Services Provided
Our Stakeholder/Customer
Expectations and Issues
Strategic Challenges
Climate and Environment
Ageing Infrastructure
Population Growth and Demographic Change
Organisational Issues
Asset Information Management System
Resourcing
Financial Constraints
ASSET MANAGEMENT OBJECTIVES
Where Do We Want to Be? 16
Organisational Objectives
Asset Management Vision
AM Strategy Objectives
How Will We Get There?
ASSET MANAGEMENT APPROACH
Levels of Service
Demand Management
Infrastructure Risk Management
Operations and Maintenance Strategies
Renewal/Replacement Strategies
Upgrade / Expansion Strategies
New Assets Strategies
Disposal Plan
FINANCIAL SUMMARY
Forecast 10-Year Funding Plan
Assumptions
MONITORING, EVALUATION AND REVIEWING
Performance Measures
CONTINUOUS IMPROVEMENT
Improvement Plan
Taking a Continuous Improvement Approach
Consequences if actions are not completed
Table of Contents
Table of Contents
Executive Summary
Introduction
Background
Purpose and Objective
Asset Management Systems and Planning Process
Asset and Their Management
Infrastructure Assets
State of the Assets
Asset Management Structure
Corporate Asset Management Team
Financial and Asset Management Core Competencies
Where Do We Want to Be?
Council’s Vision, Mission, Goals and Objectives
Asset Management Policy
Asset Management Vision
How Will We Get There?
Asset Management Strategies
Asset Management Improvement Plan
Monitoring Progress
Summary
Table of Contents
Introduction
What is the Asset Management Strategy?
Our Asset Story
The Strategy
Strategic Alignment
How will we score in 2024?
Vision and Objectives
Where are we today?
Benchmarking
Tool Set
Action
Action Plan
Key Actions to be completed by 2024
Appendices
Appendices 1 –Legislative and Industry Considerations
The Legislative Requirement
Legislation and Industry Standards
Appendices 2 –Benchmarking using IMM Asset Management Maturity Index
Appendices 3 - Condition Assessment Timeframe
Appendices 4 - Action Reference
Glossary
