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 Cape Broyle, NL
Status
Fully Disbursed
Population
499
Project timeline
2022 - 2024
Project number
18326
Description
The Town of Cape Broyle will implement a three-phase Asset Management Initiative. Phase 1 includes thedevelopment 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 roads, trails, buildings, facilitiesand fleet. Phase 2 includes prioritizing the Asset Register in terms of consequence of failure and probabilityof failure to determine each assets risk level. This will allow the Town to focus on highest risk assets firstwhen planning capital projects. Phase 3 includes the development of a Capital Plan and Asset ManagementPolicy and will end with a workshop for both Council and staff. Throughout the project, multiple workshopswill be held with Town staff, providing an opportunity to learn the basics of Asset Management concepts aswell as the development of an Asset Management Policy which will provide continuity and direction for theongoing implementation of Asset Management in the future.
Applicant
Town of Cape Broyle, NL