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.