Advisory Services > Asset Management Plan
Your Asset Management Plan documents asset condition, service levels, risk assessments, and funding requirements, aligning infrastructure investments with your strategy.
Our Asset Management Plans are:
Our Financial Strategy advisory services combine finance expertise with asset management knowledge to deliver:
We build strategic plans to boost infrastructure performance and prioritize projects effectively.
We help you align your plan with best practices, including policies, service levels, and risk assessments for smarter long-term decisions.
We help you develop strategies to extend asset life through targeted, preventative maintenance and replacement activities.
We assist you in defining clear governance, roles, and KPIs to guide real-world decision-making.
We make sure your plan is cost-effective and risk-mitigated by connecting it directly with financial planning.
An Asset Management Plan is a strategic tool for maximizing the value of assets. By aligning your plan with your goals, you get a clear understanding of your assets’ value and condition, which allows you to:
The Asset Management Plan (AMP) and the Asset Management Strategy are not interchangeable; they serve fundamentally different functions. The Strategy is a high-level, corporate roadmap focused on improving organizational capacity and governance, while the AMP is a tactical, departmental document focused specifically on asset performance and maintenance.
The table below clarifies these key differences:
Departmental, tactical, and asset-centric
Assets
Improve asset performance to maintain or improve levels of service.
Optimize asset performance and funding.
Frequent, e.g. annually or biannually
Primary: Departmental
Secondary: Executive and Council
Corporate, strategic, and programmatic
People, business processes, and tools
Improve organizational capacity to create and maintain an asset management program. Optimize asset portfolio based on strategic goals.
Infrequent, e.g. 5 years
Primary: Executive and Council
Secondary: Departmental
Keep your asset data precise and up-to-date, from inventories to maintenance schedules and replacement costs.
Align your capital and operating budgets with your AMP to ensure every dollar spent directly supports your long-term strategy.
The Town of East Gwillimbury built a new asset management program by integrating its people, processes, technology, and information. Partnering with PSD Citywide, the town improved the quality and usability of its data and developed a robust risk management framework.
This data-driven approach has improved East Gwillimbury’s operations, leading to cost savings, extended asset lifespans, and improved services for residents.
Asset Management is an interesting term. Many definitions are published, and most are more confusing than helpful. We have managed our assets and our built environment in our communities for
Establishing a robust asset management program takes time. With so many critical components and documents such as an asset management policy, risk framework, lifecycle strategies and more, it can be
eBooks and Studies Download your free copy today Asset Management is More Than Maintenance Go beyond Maintenance Management. Discover what Asset Management means and how it can revolutionize your municipal
