2018-03-12 GC Agenda - Attachment 1 to Item 5 - Noosa Aquatic Centre Asset Management Plan

                                                                                    Noosa Council
                                                                            Asset Management Plan
                                                                              Noosa Aquatic Centre
ANNEX C Asset Condition Rating Matrix

Rating   Performance   Description                                                         Remaining
         Rating                                                                              Life

                       Asset in sound physical condition designed to meet current
                       standards. Operable and well maintained. Asset likely to perform
 1       As New                                                                            90 – 100%
                       its current function with only routine maintenance. No corrective
                       maintenance work required.

                       Acceptable physical condition but not designed to current
                       standards, or showing minor wear. Deterioration has minimal
 2       Very Good     impact on asset performance. Minimal short-term failure risk but     70 – 90%
                       potential for deterioration or reduced performance in medium.
                       Only minor maintenance work required (if any).

                       Functionally sound asset and components, but showing some
                       wear with minor failures and some diminished efficiency. Minor
                       components or isolated sections of the asset need replacement
 3       Good          or repair but asset still functions safely at adequate levels of     40 – 70%
                       service. Deterioration beginning to be reflected in performance
                       and higher attendance for maintenance. Minor maintenance work
                       required but asset is still serviceable.

                       Asset and components function but require a high level of
                       maintenance to remain serviceable. Likely to cause a marked
 4       Fair          deterioration in performance in short term. No immediate risk to     5 – 40%
                       health or safety but will need to be monitored to ensure asset
                       remains safe. Corrective maintenance work required urgently.

                       Failed or failure imminent. Asset and component effective life
                       exceeded and excessive maintenance costs incurred. A high risk
                       of breakdown with potential serious impact on performance. No
 5       Poor          life expectancy. Health & safety hazards exist which present a        0 – 5%
                       possible risk to public safety, or asset cannot be
                       serviced/operated without a risk to personnel. Major
                       maintenance work or replacement required urgently.




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