Asset decision making - the key to financial sustainability, LGFP

Abstract

Asset management decisions should be informed by evaluating alternative means of service provision, full life cycle costing, and performance measurement and monitoring. Informed decision-making recognises the long-lived nature of infrastructure assets and the need to plan and budget for them on a full life cycle basis, beginning with identifying a service need and the means to meet that need. This session will provide a financial professional’s perspective on funding renewals before new assets, the whole of life costing, decision frameworks, maintenance budgets and much more.