2016-09-06 S&O Committee - Attachment 1 to Item 2 - Asset Management Roadmap

The Framework will provide specific detail on Council’s asset investment planning, as it relates to:
      •   Options analysis;
      •   Business case evaluation;
      •   Prioritisation;
      •   Resource analysis;
      •   Risk assessment; and
      •   Governance.
Council Lead(s)
Director Corporate Services, Asset Management Steering Team
Interfaces with existing Council Initiatives:
          Existing Council capital project review and approval mechanisms.
Dependencies with other Road-Map Initiatives:
          Asset Management Decision-Making: Defines some of the criteria that will apply under the
          Investment Planning Framework.
          Refine the Structure of Asset Management Governance Arrangements: Will be the structure
          applied to review and approval of investments covered by the Asset Investment Planning
          Framework.
          Asset Management Process Mapping and Data Analysis: Will document the workflow,
          processes and tools that support the Asset Investment Planning Framework.
ISO 55001 References:
          7.3     Awareness: Persons doing work under the organisation’s control, who can have an
                  impact on the achievement of the asset management objectives, shall be aware of…
                  …their work activities… … and how they relate to each other.
          8.1     Operational Planning and Control: The organisation shall plan, implement and
                  control the processes needed to meet requirements...
Potential Benefits:
Development of the Asset Investment Planning Framework will provide Council with an opportunity
to re-cast existing asset investment planning processes and support tools to cover the entire asset
life-cycle. Documentation of the Framework promotes more detailed and consistent understanding
of the asset investment planning workflow by Council staff, which will improve their ability to make
more beneficial contributions to it.
Scope of Work:
  Task     Task Description                          Resources     Approx.     Delivery    Deliverable /
  No.                                                              Duration    Timeframe   Outcome
  1        Review of existing Council asset            Council      2 months   Medium      Opportunities to
           investment review / approval processes                                          leverage existing
                                                                                           processes/ tools.
                                                                                           Any workflow
                                                                                           “gaps” identified.
  2        Document the Asset Investment Planning      Council      4 months   Medium      The Asset
           Framework                                                                       Investment
                                                                                           Planning
                                                                                           Framework.




                                           ASSET MANAGEMENT ROAD-MAP REPORT                                31