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BSC Asset Management Policy 2010

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24 views4 pages

BSC Asset Management Policy 2010

Uploaded by

Ambar Setyohadi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BELLINGEN SHIRE COUNCIL

ASSET MANAGEMENT POLICY

Adopted: 22/09/2010
ASSET MANAGEMENT POLICY

Subject: ASSET MANAGEMENT

Policy Title: ASSET MANAGEMENT POLICY

Date Adopted: 22/09/10

Signed off by: Director of Engineering and Operations

Objective

The objective of the Policy is to document Council’s commitment to manage


it’s assets in a way that achieves Council’s vision, is based on Council’s
resources and meet the infrastructure needs of the community.

Legislative Requirements

 Local Government Act 1993 No 30


 Local Government (General) Regulation 2005
 IPWEA International Infrastructure Management Manual

Policy Guidelines

In order to provide safe, efficient and reliable services to the community,


Bellingen Shire Council oversees a range of assets including infrastructure,
property, plant and equipment assets. It is council’s responsibility to manage
its assets in a manner which ensures cost effective service delivery.

Definitions

 Asset – A physical component of a facility which has value, enables


services to be provided and has an economic life of greater than 12
months.

 Asset Management - 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.

 Asset Management Strategy – A strategy for asset management


covering the development and implementation of plans and programmes
for asset creation, operation, maintenance, rehabilitation/replacement,
disposal and performance monitoring to ensure the desired levels of
service and other operational objectives are achieved at optimum cost.
 Asset Management Plan – A plan developed for the management of one
or more infrastructure assets that combines multi-disciplinary management
techniques (including technical and financial) over the lifecycle of the asset
in the most cost effective manner to provide a specified level of service.

 Lifecycle – The cycle of activities that an asset goes through while it


retains an identity as a particular asset (i.e. from planning/design to
decommissioning/disposal).

Policy Statement

Bellingen Shire Council is committed to

 Implementing a systematic approach to the management of it assets and


ensuring that appropriate asset management practices are applied across
all areas of the organisation.

 Planning, creating, operating, maintaining, renewing and disposing of


assets in a manner that ensures cost effective service delivery.

 Developing and regularly reviewing an Asset Management Strategy and


Asset Management Plans which will detail the approach taken in
managing assets and which facilitate the continuous improvement of asset
management practices.

 Implementing a lifecycle approach to asset management whereby the


costs and benefits of assets are considered over the assets life.

 Providing the necessary resources and operational capabilities to


adequately manage assets and to comply with legislative requirements.

 Undertaking long term planning for assets which takes into consideration
the benefits and costs to present and future generations and their ability to
pay.

 Ensuring that asset management decisions will take into consideration the
impact on the environment. Where possible, the outcomes of decisions are
to have a minimal impact on the environment.

 Integrating Asset Management planning with council’s Community


Strategic Plan and Long Term Financial Plan.
Policy Principles

Through the development of a formalised approach to asset management, the


following benefits will be derived.

 Improving governance and accountability by

o Demonstrating to owners, customers and other stakeholders that


services are being managed sustainably and delivered efficiently
and effectively
o Providing the basis for evaluating and balancing
service/price/quality trade-offs
o Improving accountability for the use of resources
o Clear audit trail for the appropriateness of decisions taken and
associated risks.

 Enhanced service management and customer satisfaction through

o Improved performance and control of service delivery to the


required standards
o Improved understanding of service requirements and options
o Formal consultation with users on the service levels

 Improved risk management by

o Assessing the probability and consequence of asset failure


o Addressing continuity of service
o Addressing the inter-relationships between different networks and
risk management strategies
o Considering the social and environmental impacts associated with
asset ownership

 Improved financial efficiency by

o Improved decision making based on costs and benefits of


alternatives
o Prioritisation of investments, interventions and asset care activities
o Justification for forward works programs and funding requirements
o Recognition of all costs of owning and operating assets over their
lifecycle

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