Corporate Asset Management Plan
Type of initiative
Municipal Asset Management Program - MAMP
Sector
Asset Management (MAMP)
Project value$62,500
Project Type
MAMP Projects
Sub Sector
Multiple
Grant amount$50,000
Program type
MAMP
Municipality
Squamish-Lillooet Regional District, BC
Status
Fully Disbursed
Population
50,496
Project timeline
2022 - 2023
Project number
18301
Description
Squamish-Lillooet Regional District will tackle the development of a high-level Corporate Asset Management Plan (CAMP). The Regional District’s existing asset register will be analyzed and updated. The existing asset register currently has an estimated 90% of data needed on asset installation dates. Missing age data will be estimated to use an age-inferred analysis to estimate the condition of service assets. The Regional District will analyze missing installation dates, replacement costs, and estimations of remaining useful life. This will enable the Regional District to then develop the asset age profiles and renewal information by service areas and electoral area. Next, a risk and criticality analysis will be performed by developing asset criticality criteria and flagging critical assets. This will feed into a risk-basedcondition assessment and overview per service area and electoral area. Finally, the Regional District will develop a risk-based needs forecast to help prioritize and smooth timing of asset renewal.
Applicant
Squamish-Lillooet Regional District, BC