Chapter 3—Management and accountability
Asset management
Best practice asset management principles are applied to the agency’s facilities and associated assets. Energy consumption, waste management, recycling and environmental management are considered when planning, acquiring, operating and disposing of assets.
The management of assets forms part of the agency’s integrated planning and management framework, and is facilitated by:
- an asset management system that accurately identifies, values and tracks existing and new assets
- the Asset Management Administrative Procedure, which is used to manage acquisitions, disposals and stewardship responsibilities
- 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. 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.