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Why Invest in Asset Management?
Publisher: Federation of Canadian Municipalities
Subject(s):
Collection(s):
Posting Date: March 9, 2020
Year Published: 2020
Abstract:
Is your municipality struggling to plan for growth, the effects of climate change and infrastructure updates?
Learn how asset management planning and sustainability can help cities and towns of all sizes across Canada address these issues.
First coined by Australian economist Dr. Penny Burns in 1984, the term "asset management" is now widely used in the municipal sector to focus on physical, rather than financial assets. "Infrastructure management" is sometimes used to mean the same thing. Municipal asset management can include all physical infrastructure assets managed by the municipality, including roads, bridges, water, wastewater, buildings, fleet, recreational facilities and equipment, natural assets, and public safety assets.
There are significant social, environmental and economic gains to be made by helping to support municipal asset management practice in Canada. In applying it, communities across Canada will be better positioned to make their infrastructure dollars go further, with a lighter environmental footprint.
Take five minutes to watch this video to see how asset management planning can help your community.
Learn how asset management planning and sustainability can help cities and towns of all sizes across Canada address these issues.
First coined by Australian economist Dr. Penny Burns in 1984, the term "asset management" is now widely used in the municipal sector to focus on physical, rather than financial assets. "Infrastructure management" is sometimes used to mean the same thing. Municipal asset management can include all physical infrastructure assets managed by the municipality, including roads, bridges, water, wastewater, buildings, fleet, recreational facilities and equipment, natural assets, and public safety assets.
There are significant social, environmental and economic gains to be made by helping to support municipal asset management practice in Canada. In applying it, communities across Canada will be better positioned to make their infrastructure dollars go further, with a lighter environmental footprint.
Take five minutes to watch this video to see how asset management planning can help your community.
Full Text Word Count: 165