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Asset Management

Understanding Your Assets

Focusing on each asset’s lifecycle, an asset management plan considers the maintenance, rehabilitation, and replacement of all municipal infrastructure. This provides sustainable and reliable service levels to residents, all while managing risk and minimizing costs. These plans effectively aid municipalities in making informed, prioritized, and budget-friendly decisions about their infrastructure needs.

DEVELOPING A BETTER PLAN FOR THE FUTURE

Most public and privately-owned infrastructure are in need of rehabilitation, increasing future municipal budgets. Through an asset management plan, municipalities gain insight into infrastructure conditions and how these assets will meet present and future needs. With this valuable data, municipalities are able to better prioritize and plan for future infrastructure needs.

 

Our integrated project approach is fundamental to the development of an asset management plan. Working with staff in finance, engineering, and operations provides a systematic and coordinated effort of data collection for all asset classes.

 

Effective short-term and long-term management of municipal infrastructure depends on your asset management plan, which will become a central, everyday decision-making tool for all levels of municipal operations.

ASSET MANAGEMENT PLANS FACILITATE EFFECTIVE OPERATIONS THROUGH:

  • Informed decision making
  • Data collection and management
  • Infrastructure condition status
  • Balanced service level and sustainability
  • Informed maintenance and rehabilitation schedules, resulting in extended infrastructure life
  • Increased return on investment
  • Predictable tax rates from operational and financial planning
  • Improved infrastructure safety
  • Improved education on infrastructure costs and requirements

Have any questions? Interested in learning more about what we do?
Contact us, and we would be happy to help.