Asset Management

Asset management (AM) is an integrated approach to the maintenance, operation and ownership of assets, with an appropriate level of risk, and a commitment to delivery of services to an established level. The commitment to an organization wide asset management program (AMP) for the consideration of the increasing costs to provide a range of services to residents while being mindful of increasing development and population growth and the impacts of climate change within a complex municipal funding model.

AM planning is a mechanism by which municipalities can make sound investment in their assets by prioritizing investments, managing risks, improve financial performance, and strive for higher levels of efficiency and sustainability.