City of Stirling Transport Asset Managment Plan

5.0 Lifecycle

management plan

The lifecycle management plan details how the City will manage and operate its transport assets at the agreed levels of service while optimising lifecycle costs. Lifecycle management is recognised by the City as an essential component of this TAMP. This section of the TAMP provides details of the City’s data and processes required to effectively manage, maintain, renew and upgrade the City’s transport network. It also documents the analysis that the City undertakes regularly to predict and monitor expected future expenditure required to effectively manage the City’s transport network. Figure 5.1 (right) provides a graphical representation of the asset lifecycle including each of the stages an asset passes through during its life. Lifecycle asset management, means considering all management options and strategies as part of the asset lifecycle, from planning to disposal. The objective of managing the assets in this manner is to look at the long-term cost impacts (or savings) when making asset management decisions.

Figure 5.1 Asset lifecycle diagram

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