Asset Management Initiative: Asset Register, Prioritization and Strategy
Type of initiative
Municipal Asset Management Program - MAMP
Sector
Asset Management (MAMP)
Project value$57,050
Project Type
MAMP Projects
Sub Sector
Asset Management Plans, Policy and Strategy
Grant amount$45,640
Program type
MAMP
Municipality
Town of Centreville-Wareham-Trinity, NL
Status
Fully Disbursed
Population
1,116
Project timeline
2022 - 2023
Project number
18294
Description
The Town of Centreville-Wareham-Trinity plans to implement a three-phase Asset Management initiative.Phase 1 includes the development of an Asset Register for fixed infrastructure assets utilizing ageographical information system (GIS) and associated database. The Asset Register will include theTown's water distribution, wastewater collection and storm water networks a well as roads, trails,buildings, facilities and fleet. Phase 2 includes prioritizing the Asset Register in terms of consequence offailure and probability of failure to determine each assets risk level. This will allow the Town to focus onhighest risk assets first when planning capital projects. Phase 3 includes the development of a CapitalPlan and Asset Management Policy document and will end with a workshop for both Council and staff.Throughout the project multiple workshops will be held with Town staff, providing an opportunity to learnthe basics of Asset Management concepts as well as the development of an Asset Management Policywhich will provide continuity and direction for the ongoing implementation of Asset Management in thefuture.
Applicant
Town of Centreville-Wareham-Trinity, NL