City of Stirling Transport Asset Managment Plan

2.3 Goals and objectives of asset management The City of Stirling exists to provide services to its community.

Infrastructure assets provide some of these services. The City has acquired infrastructure assets by purchase, construction by City staff or contract, and by gifting of assets constructed by developers. Asset management delivers benefits that are realised in the areas of improved accountability, sustainable service delivery, risk reduction, financial management and forecasting. Specific benefits can include: • Better alignment of community needs with services provided • Improved analysis and understanding of service-level options, costs and risks • Improved decision making based on better understanding of the benefits and costs of alternative asset provision • Enhanced customer satisfaction • Improved long-term financial forecasting and management • Optimisation of costs • Innovative application of sustainable best practices to Council’s assets.

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