Management of physical assets – advanced asset management planning

摘要

[Abstract]: This dissertation develops theories on asset management practices within local government in Australia. The main goal of the dissertation is to develop a genericudsystematic approach for the preparation of advanced asset management plans that can be used within local government. Its intent is to enable local government to be proactive inudproviding a sustainable future for generations to come. This can be achieved by starting the improvement process of past detrimental environmental and social impacts thatudprevious poor management has attributed to. It will optimistically see local government being in a much better financial position and hence see the benefits of such, flowudthrough to the natural and built environment.ududResearch into the current status of asset management practices within local government will be followed by defining the most common asset management processes that exist in local government and in particular a regional council in Northern New South Wales, Richmond Valley Council. A way forward for improvement in asset management will be defined for this council and a procedure to enable advanced asset management will be produced. Results indicate that local governments across Australia are in crisis and face a mountain of backlog works to bring their assets up to a safe standard. There are movements in place to rectify this situation before it gets further out of reach of local government authorities. Richmond Valley Council is itself in this predicament and must find a way to operate in a sustainable manner. The advanced asset management procedure developed in this dissertation is designed to help them achieve this goal.