ASSET MANAGEMENT FOR SUSTAINABLE SERVICE DELIVERY: “The question often comes up, when is asset management over or complete? As long as you own assets, never! The process is not static, but the inputs are constantly changing as assets are added, deleted, replaced, or upgraded,” wrote Wally Wells, Executive Director of Asset Management BC, in the Summer 2020 Newsletter
“The primary cause of the ‘infrastructure gap’ is that we operate on today’s budgets without much attention to the ageing assets and future requirements for replacement or renewal. Or at least that is the way we operated up until now. The asset management process provides the tools to address this gap and hopefully prevent the gap from growing by planning, methodically, for the short and long term. The BC Framework is deliberately titled, “Asset Management for Sustainable Service Delivery: A BC Framework”. The operative word is ‘sustainable’ — both economically and physically,” stated Wally Wells.