Asset Management Plan – What are the key principles?

Asset management can be characterized by the following key principles:

  • A strategic and proactive approach to management of infrastructure
  • A comprehensive long-term view of infrastructure performance and cost
  • Measures the municipal financial capacity to meet the overall strategic and business plans of the municipality.
  • A visible and transparent approach that requires effective communication among all stakeholders.
  • A plan involving choices that are policy driven and prioritized.
  • An ongoing program – a “living” document.