Whitepaper

Whitepaper

Mistakes Were Made: Lessons from 10 Years of Asset Management

Over the past decade, municipal asset management in North America has evolved rapidly, driven by regulations, funding requirements, and a shift toward long-term service planning. This whitepaper reflects on ten years of growth, outlines persistent mistakes that undermine progress, and offers practical solutions for municipalities striving to embed asset management as a core practice.

Focus on Actionable Data

Municipalities achieve more by using ‘good-enough’ data to guide decisions instead of chasing perfection. Usable insights matter more than page count or precision.

Make Asset Management Strategic

The Asset Management Strategy (AMS) serves as a blueprint, aligning policy with practical action. Without it, plans can feel disconnected and ineffective.

Embed Processes and Governance for Results

Clear roles, defined processes, and empowered teams turn asset management into an affordable, value-driven practice that strengthens decision-making.

“Despite recent years of progress, municipalities across North America continue to make the same mistakes. Understanding these challenges and how to avoid them is the key to sustaining asset management as a living, value-driven practice.”

Israr Ahmad

Director, Integrated Product Development, PSD Citywide