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 George's Brook-Milton, NL
Status
Fully Disbursed
Population
344
Project timeline
2023 - 2024
Project number
18334
Description
The Town of George's Brook-Milton will implement a three-phase Asset Management initiative. Phase 1includes the development of an Asset Register for fixed infrastructure assets utilizing a geographicalinformation system (GIS) and associated database. The Asset Register will include the water, wastewaterand storm networks, as well as roads, trails, buildings, facilities and fleet. Phase 2 includes prioritizing theAsset Register in terms of the consequence of failure and probability of failure to determine each asset’srisk level. This will allow the Town to focus on the highest risk assets first when planning capital projects.Phase 3 includes the development of a Capital Plan and Asset Management Policy document and will endwith a workshop for both Council and staff. Throughout the project multiple workshops will be held withTown staff, providing an opportunity to learn the basics of Asset Management concepts as well as thedevelopment of an Asset Management Policy which will provide continuity and direction for the ongoingimplementation of Asset Management in the future.
Applicant
Town of George's Brook-Milton, NL