Chapter 4—Management and accountability

Asset management

Best practice asset management principles are applied to the agency’s facilities and associated assets. Issues that could affect energy consumption, waste, recycling and climate change are considered when planning, acquiring, operating and disposing of assets.

The management of assets forms part of the integrated planning and management framework, and is facilitated by:

  • an asset management system that accurately identifies, values and tracks existing and new assets (more detail is provided in the ‘Asset management system’ section on page 16)
  • the Asset Management Administrative Procedure, which is used to manage an annual assets stocktake
  • the Heritage Management Plan, which is used to manage the heritage assets of the building and the heritage collection of furniture and fittings.

Condition assessment and strategic life-cycle planning are used to develop asset replacement plans for key assets. The Life Cycle Cost Plan guides activity for the conservation, refurbishment and cyclical works required to maintain the building; a review of this plan was commenced. These plans are critical tools in implementing the annual Business Plan and developing the organisation’s budget, as well as in long-term planning and management to maximise the facilities’ capability and useful life.

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