Advisory Services > Asset Management Strategy
Strategic Advisory Services
Asset Management
Strategy
The asset management strategy serves as a long-term blueprint for organizations to build a practical asset management program. It includes an assessment of current practices, and a feasible path to close gaps. The strategy incorporates the seven core elements of asset management including data, lifecycle analysis, risk management, levels of service, and long-term financial planning. While the asset management plan (AMP) focuses on the assets themselves, the strategy emphasizes the people, systems, and processes that underpin effective asset management planning.
Advisory Services > Asset Management Strategy
Strategic Advisory Services
Asset Management Strategy
Manage all of your assets in the cloud with a GIS-centric database, with the ability to develop life cycle and risk models, track condition assessments, and plan capital improvements.
Build a Strong Foundation for Smarter Decisions
We develop asset management strategies with actionable goals that align with your organization’s broader priorities and are fully integrated into decision-making processes.
Our review process identifies data gaps, strengthens team accountability, and links asset management practices directly to your financial and strategic goals.
Driving Action with Your Asset Management Blueprint
When we develop a strategy, our team begins with a maturity assessment of your people, data, and systems, followed by a tailored multi-year improvement plan.
Benchmarking is also a key part of this process; it helps you compare your organization’s performance against peer organizations to set realistic targets and build a stronger case for funding.
Asset Management Strategy vs. Plan
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:
Asset Management Plan
Perspective:
Departmental, tactical, and asset-centric
Focus:
Assets
Purpose:
Improve asset performance to maintain or improve levels of service.
Optimize asset performance and funding.
Updates:
Frequent, e.g. annually or biannually
Audience:
Primary: Departmental
Secondary: Executive and Council
Asset Management Strategy
Perspective:
Corporate, strategic, and programmatic
Focus:
People, business processes, and tools
Purpose:
Improve organizational capacity to create and maintain an asset management program. Optimize asset portfolio based on strategic goals.
Updates:
Infrequent, e.g. 5 years
Audience:
Primary: Executive and Council
Secondary: Departmental
What We Deliver
Asset Management Strategy
We help you define your organization’s long-term vision and goals that serve as the foundation for your overall strategy
Actionable Policy
Our policies provide clear governance, roles, and key performance indicators (KPIs) that translate your strategy into real-world decisions and day-to-day operations
Gap & Maturity Assessments
We identify and prioritize improvement areas by assessing your current gaps and maturity level against the goals set out in your strategy
Benchmarking Reports
We assist you in defining clear governance, roles, and KPIs to guide real-world decision-making.
Integrated Asset Management Plans
We develop data-driven AMPs that directly connect to your budgets and service levels, ensuring they support the priorities established in your strategy
Why It Matters
A strong Asset Management Strategy allows your organization to:
Unite departments around shared goals
Make evidence-based, defensible decisions
Balance infrastructure needs with financial needs
Reduce risk of service failures or costly emergencies
Demonstrate transparency and accountability to stakeholders
Seamless Integration with Citywide Software
Citywide Assets
Maintain accurate asset inventories, maintenance timelines and replacement costs
Citywide Permitting, Planning & Licensing
Understand how growth, development, and regulatory approvals impact public needs
Asset Management Case Study
How Port Coquitlam is Building an Asset Management Program That Lasts
The City of Port Coquitlam developed its first corporate asset management strategy, which served as a blueprint for completing essential asset management initiatives while building corporate knowledge and support. The City then partnered with PSD Citywide to develop practical asset management plans.
“PSD Citywide offers a unique solution … We felt supported through the process and are pleased with the high quality plans and software that we are now using to make decisions and improvements.”
Melony Burton
City of Port Coquitlam
Build Your Strategic Asset Management Blueprint.
A successful strategy must function as a dynamic, living framework, not a static document. PSD Citywide provides expert support in establishing the foundational blueprint required for affordable, evidence-based infrastructure decisions, whether you are developing a new program or improving existing plans.
Latest Asset Management Insights.
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The Benefits of an Asset Management Strategy
Modern municipalities face a balancing act. Between fluctuating economic landscapes and the increasing demand for infrastructure resilience, municipal teams are juggling more responsibilities than ever. To navigate these challenges, many organizations turn to Asset Management (AM).
Asset Management for Small Communities
Small communities in Canada may serve fewer citizens and own fewer assets, but they are still required to deliver the same range of necessary services to their residents. With fewer
