Asset Management Initiative: Asset Register, Prioritization and Strategy
Type of initiative
Municipal Asset Management Program - MAMP
Sector
Asset Management (MAMP)
Project value$57,550
Project Type
MAMP Projects
Sub Sector
Asset Management Plans, Policy and Strategy
Grant amount$50,000
Program type
MAMP
Municipality
Town of Buchans, NL
Status
Fully Disbursed
Population
590
Project timeline
2022 - 2024
Project number
18307
Description
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, wastewater and stormnetworks, as well as roads, trails, buildings, facilities and fleet. Phase 2 includes prioritizing the AssetRegister 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 includesthe development of a Capital Plan and Asset Management Policy document and will end with a workshopfor both Council and staff. Throughout the project multiple workshops will be held with Town staff, providingan opportunity to learn the basics of Asset Management concepts as well as the development of an AssetManagement Policy which will provide continuity and direction for the ongoing implementation of AssetManagement in the future.
Applicant
Town of Buchans, NL