Long-Term Asset Management Plan 2022-2042

The Long-Term Asset Management Plan 2022-2042 (LTAMP) provides an overview of key considerations, practices and plans to address the sustainability of all Council assets and is important to Council’s corporate strategic planning framework.

Benefits

The plan:

  • informs the Brisbane community on how Council manages public infrastructure assets now and into the future
  • assists Council employees to understand the principles setting the direction for asset management practice, behaviours, and decisions, and how they influence short and long-term planning for assets
  • facilitates compliance with legislative requirements under the City of Brisbane Act 2010.

Asset management principles

The plan supports the implementation of the following nine asset management principles:

  1. An asset’s purpose facilitates the achievement of Council strategies and plans, program objectives and community needs.
  2. An asset’s condition, functionality and utilisation meet the applicable standard to provide the community’s levels of service requirements.
  3. Effective asset lifecycle planning provides valued services now and into the future.
  4. Assets are planned, designed and managed to be operationally resilient, to mitigate risks, and withstand and recover from disruption and disasters.
  5. Assets are designed and managed to be environmentally and financially sustainable through their whole-of-life.
  6. Funding strategies and the allocation of scarce resources to support financially sustainable services, provided from assets.
  7. Roles and responsibilities are clearly defined throughout the asset lifecycle and employees are aware, empowered and equipped with the knowledge to manage Council’s diverse and growing asset base.
  8. Asset data, information and technology is valued and used to support evidence-based decision-making and to meet internal and external reporting requirements throughout the asset lifecycle.
  9. Council employees are committed to continuous improvement and the simplification of processes (including information).

Documents

Download the Brisbane Long-Term Asset Management Plan 2022-2042:

Last updated:

Brisbane City Council acknowledges this Country and its Traditional Custodians. We pay our respects to the Elders, those who have passed into the Dreaming; those here today; those of tomorrow.