Asset Management Strategy and Replacement Plan
The goal of infrastructure asset management at the Town of Bradford West Gwillimbury is to meet a required level of service, in the most cost-effective manner, through the management of assets for present and future customers. A formal approach to the management of infrastructure assets is essential to demonstrate balanced and responsible custodianship to customers, regulators and other stakeholders. Essentially, asset management practices will help the Town balance Levels of Service, Cost of Service and Risk.
This report outlines asset management best practices, documents observations/findings and conclusions regarding the current status of the Town’s asset management practice, and recommends a prioritized improvement plan (AM Roadmap) to help the Town achieve its asset management vision. The roadmap considers the unique challenges of a small municipality with limited resource availability.Asset Management and IT Strategy Executive Summary