ASSET MANAGEMENT FOR SUSTAINABLE SERVICE DELIVERY: “Provide a consistent, reliable level of service that saves $millions over time and builds community resilience in an increasingly risky climate,” wrote Kim Fowler of the Regional District of Nanaimo (Winter 2023 issue of Asset Management BC Newsletter)
“How do you do a budget if you don’t know what assets you have, their condition and when they need to be replaced? Climate change is increasing risk by damaging assets. And while the focus of your asset management plan should be integration with your long-term capital budget, don’t overlook the ‘master asset management plan’, otherwise known as your Official Community Plan (OCP). They set the locations and standards of future growth in your community, and as a result, set the core infrastructure needs and their associated costs,” stated Kim Fowler.