Asset Management Initiative: Asset Register, Prioritization and Strategy
Type of initiative
Municipal Asset Management Program - MAMP
Sector
Asset Management (MAMP)
Project value$44,800
Project Type
MAMP Projects
Sub Sector
Asset Management Plans, Policy and Strategy
Grant amount$40,320
Program type
MAMP
Municipality
Town of York Harbour, NL
Status
Fully Disbursed
Population
372
Project timeline
2022 - 2023
Project number
18297
Description
The Town of York Harbour plans to implement a three phase Asset Management initiative. Phase 1 includesthe development of an Asset Register for fixed infrastructure assets utilizing a geographical informationsystem (GIS) and associated database. The Asset Register will include the Town's roads, trails, buildings,facilities and fleet. Phase 2 includes prioritizing the Asset Register in terms of consequence of failure andprobability of failure to determine each asset’s risk level. This will allow the Town to focus on highest riskassets first when planning capital projects. Phase 3 includes the development of a Capital Plan and AssetManagement Policy document and will end with a workshop for both Council and staff. Throughout theproject, multiple workshops will be held with Town staff, providing an opportunity to learn the basics of AssetManagement concepts as well as the development of an Asset Management Policy which will providecontinuity and direction for the ongoing implementation of Asset management in the future.
Applicant
Town of York Harbour, NL