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Asset Management:The specific purpose of Asset Management is to: · Demonstrate responsible stewardship, · Define and articulate how the subject asset is and will be managed to achieve the organisation’s objectives, · Provide a basis for customer consultation to determine the appropriate levels of service, · Identify and manage any risk associated with asset failure or less than adequate maintenance, · Achieve cost effective funding for the asset by optimising whole of life costs, and · Support long term financial planning The outcome of the Asset Management plan will be the identification of the funding and service delivery requirements taking into account the following factors: · Adopted Levels of Service, · Future demand for infrastructure, · Current asset performance, · Asset Failure, · Risk, · Required works, and · Funding constraints. The preparation of Asset Management plans is a cyclical process whereby a process of continual improvement is used to ensure that the plan is a working document and to ensure the long term effective management of Councils assets. A basic asset management plan generally follows the six step process highlighted in Fig 1. .
CapabilitiesHaving prepared and been responsible for asset management functions previously I am fully aware of the implications of each of these various steps within the asset management cycle. T.T McCarthy Consulting can assist with any or all of the steps within the Asset Management Plan cycle.
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