Long-Term Asset Management Plan 2022-2042
The Long-Term Asset Management Plan 2022-2042 (LTAMP) provides an overview of key considerations, practices and plans to address the sustainability of all Council assets and is important to Council’s corporate strategic planning framework.
- informs the Brisbane community on how Council manages public infrastructure assets now and into the future
- assists Council employees to understand the principles setting the direction for asset management practice, behaviours, and decisions, and how they influence short and long-term planning for assets
- facilitates compliance with legislative requirements under the City of Brisbane Act 2010.
Asset management principles
The plan supports the implementation of the following nine asset management principles:
- An asset’s purpose facilitates the achievement of Council strategies and plans, program objectives and community needs.
- An asset’s condition, functionality and utilisation meet the applicable standard to provide the community’s levels of service requirements.
- Effective asset lifecycle planning provides valued services now and into the future.
- Assets are planned, designed and managed to be operationally resilient, to mitigate risks, and withstand and recover from disruption and disasters.
- Assets are designed and managed to be environmentally and financially sustainable through their whole-of-life.
- Funding strategies and the allocation of scarce resources to support financially sustainable services, provided from assets.
- Roles and responsibilities are clearly defined throughout the asset lifecycle and employees are aware, empowered and equipped with the knowledge to manage Council’s diverse and growing asset base.
- Asset data, information and technology is valued and used to support evidence-based decision-making and to meet internal and external reporting requirements throughout the asset lifecycle.
- Council employees are committed to continuous improvement and the simplification of processes (including information).