Elements and Performance Criteria
- Identify existing and required levels of service
- Customer expectations regarding levels of service balanced against cost are determined and reviewed using appropriate strategies.
- Minimum levels of service and service targets are set and based on customer expectations.
- Financial, political, social and technical costs of failing to meet targets and minimum levels of service are identified.
- Service targets are included in business strategies.
- Information on proposed types and levels of service is documented and is used to inform customers and council to assess performance against standards.
- Assess asset renewal/creation options and determine optimal option
- Treatment options to overcome or defer identified failure modes are determined.
- Options for a new asset creation are assessed.
- The cost of each option is determined taking into account total investment, life cycle costs, cash flow and project start/finish dates.
- The benefits of each option are quantified in relation to improved levels of service, increased income, reduced risk cost and extension of effective life.
- Whole-of-life cycle costs of the options under consideration are addressed in assessing the cost and benefit of each option.
- The impact of each option on future maintenance and operations cost is identified.
- The treatment option most suitable for business objectives and available resources is determined and included in forward works program.
- Prioritise works
- Works are prioritised according to predetermined merit-based selection criteria.
- The level of funding for each asset category is determined and works are rationalised to suit available budget.
- Balance plans and service level agreements are used to balance resource allocation with management plan objectives.
- Review selection criteria
- Provide information about works programs to customers