Community Asset Management Program (CAMP)

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Community Asset Management Program (CAMP)
Asset Management GFOA Presentation April 3, 2007
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What is Asset Management?

• An integrated set of process to minimize the
  life-cycle costs of owning, operating and
  maintaining assets, at an acceptable level of
  risk, while continuously delivering established
  levels of service.

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Asset Management Best Practices
Knowledge of Levels of Service Assets owned Physical condition of assets Performance of assets Current utilization and ultimate capacity
Ability to Predict future demand Predict asset failure modes and risk analysis Analyze alternative mitigation options Rank options based on economic-risk analysis Match options available budget Optimize OM activities
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Knowledge ofAsset owned

• Asset register
• Identifier
• Type
• Location
• Manufacturer
• Size/capacity
• Material
• Costs (original replacement)
• Installation/construction/ in-service date
• Service life (initial remaining)
• Condition performance grade

• Asset hierarchy
• Begin at a high level and group smaller assets
• Eventually to lowest managed component
• Asset numbering/ identification system
• Logical simple system
• Unique IDs but linked to hierarchical assets
• Single/dual database
• CWMS vertical/rolling assets
• GIS - linear assets

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Proceed Top-Down along logical steps
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Develop basic asset hierarchy

• Develop hierarchy based on available information

• Initially, stay at Level 4 (subcomponent) and
  above
• Group subcomponents as appropriate

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Asset Hierarchy Example
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Asset Definition

• Decision
• What level is the asset defined at for
  capitalization
• May be different for collecting costs for
  repair/replace decision making