Asset Management Initiative: Asset Register, Prioritization and Strategy
Type of initiative
Municipal Asset Management Program - MAMP
Sector
Asset Management (MAMP)
Project value$50,000
Project Type
MAMP Projects
Sub Sector
Multiple
Grant amount$45,000
Program type
MAMP
Municipality
Town of Cormack, NL
Status
Fully Disbursed
Population
492
Project timeline
2021 - 2022
Project number
17398
Description
This Asset Management project will be completed by the Town of Cormack in three phases:• Phase 1 will be creating an asset register for fixed infrastructure assets and utilizing using aGeographical Information System (GIS). Asset groups to be captured are the Town's water,sewer and road networks as well at its buildings and facilities.• Phase 2, assets will be prioritized in terms of consequence of failure and probability of failure andcritical asset will be identified.• Phase 3 will focus on the high priority assets (identified in Phase 2) and capital and operationalstrategies and policies will be developed.Similar applications were submitted by two neighboring towns (Town of Reidville and Town of Howley)and the Town will work closely with them throughout the project.
Applicant
Town of Cormack, NL