2018-04-10 S&O Agenda - Attachment 1 to Item 6 - Sand Recycling System Asset Management Plan

7.3      Monitoring and Review Processes for the Asset Management Plan
This first edition of asset management plan for the SRS refers to current levels of services that have
existed over recent years. This asset management plan is to be a ‘living’ document reflecting actual
practices used in managing the Noosa main Beach SRS. In accordance with this, Council will use
best practice to balance cost, risk and performance needs for the SRS.

The asset management plan will have a high-level annual review for developing the annual budget
from the maintenance and renewal plans. A full document review will occur on a three-year cycle, in
line with the completion of detailed condition assessments and the financial asset revaluation of the
SRS.


7.4      Asset Management Effectiveness
The effectiveness of this asset management plan will be measured in terms of:
1.   Adoption of the Noosa Main Beach SRS Asset Management Plan by Council.
2.   The ongoing development of good asset knowledge through a commitment to recording
     information against assets and undertaking cyclic condition assessments at the facility.
3.   Maintenance and renewal plans that are robust and initiate the annual budget process.
4.   Historical asset activities that are recorded and located in Council’s asset management
     system.
5.   Limited reactive work and more planned maintenance activities.
6.   The SRS Asset Management Plan becomes the reference point of all information that enables
     good decision making for asset related activities and investments.




Asset Management Plan: Noosa Main Beach Sand Recycling System                                 Page 20