City of Stirling Transport Asset Managment Plan

A road map for preparing an asset management plan is shown below.

Corporate planning • Confirm strategic objectives and establish AM policies, strategies and goals

• Define responsibilities and ownership • Decide core or advanced AM Plan • Gain organisation commitment

Review/collate asset information • Existing information sources • Identify and describe assets • Data collection

• Condition assessments • Performance monitoring • Valuation data

Define scope and structure of plan

Establish levels of service • Establish strategic linkages • Define and adopt statements • Establish measures and targets • Consultation

AM Plan review and audit

Lifecycle management strategies • Develop lifecycle strategies • Describe service delivery strategy • Risk management strategy • Demand forecasting and management • Optimised decision making (renewals, new works, disposals) • Optimise maintenance strategies

Information management and data improvement

Financial forecasts • Lifecycle analysis • Financial forecast summary • Valuation depreciation • Funding

Implement improvement strategy

Improvement plan • Assess current/desired practices • Develop improvement plan

Iteration • Reconsider service statement • Options for funding • Consult with Council • Consult with community

Annual Plan/ Business Plan

Is the plan affordable?

Figure 2.2 Road map for the preparation of an asset management plan

Transport Asset Management Plan 2018 – 2028 | 17