Asset Management Initiative: Asset Register, Prioritization and Strategy
Type of initiative
Municipal Asset Management Program - MAMP
Sector
Asset Management (MAMP)
Project value$55,600
Project Type
MAMP Projects
Sub Sector
Asset Management Plans, Policy and Strategy
Grant amount$50,000
Program type
MAMP
Municipality
Town of St-Jacques-Coombs Cove, NL
Status
Fully Disbursed
Population
546
Project timeline
2022 - 2024
Project number
18304
Description
The Town of St. Jacques-Coomb's Cove will implement a three-phase Asset Management initiative. Phase
1 includes the development of an Asset Register for fixed infrastructure assets utilizing a geographical
information system (GIS) and associated database. The Asset Register will include the Town's water
distribution network as well as roads, trails, buildings, facilities and fleet. Phase 2 includes prioritizing the
Asset Register in terms of consequence of failure and probability of failure to determine each asset’s risk
level. This will allow the Town to focus on highest risk assets first when planning capital projects. Phase 3
includes the development of a Capital Plan and Asset Management Policy document and will end with a
workshop for both Council and staff. Multiple workshops will be held with Town staff, providing an
opportunity to learn the basics of Asset Management concepts as well as the development of an Asset
management Policy which will provide continuity and direction for the ongoing implementation of Asset
Management in the future.
Applicant
Town of St-Jacques-Coombs Cove, NL