City of Stirling Transport Asset Managment Plan

5.1 Background data Effective lifecycle management relies on: • Accurate and up-to-date data on the asset base • Suitable processes and systems to collect, store, update and analyse the information • Forecasts, planning and management strategies based on the agreed levels of service • Appropriate operational activities to support the management of the assets and services.

• Road and pathways segmentation business rules • Condition data collection and analysis • Decision matrix and prediction modelling setup • Asset valuation setup.

To be able to manage the asset lifecycle effectively requires a sound understanding of the actual assets and their current condition, as well as ongoing performance. The City is reviewing and updating the Transport Business Process Manual. The manual documents: • The City’s system and data flow overview • Asset inventory and navigation structure

34