Asset Management

The development of an Asset Inventory Update and Roadmap began with a comprehensive audit of the current asset inventory to ensure all records are accurate and up to date. This involves verifying asset details like type, location, condition, and value and correcting any discrepancies. Once the inventory was current, we evaluated the existing condition and performance of the infrastructure assets to prioritize necessary maintenance, upgrades, or replacements. This assessment helped identify critical assets and plan the next steps for effective infrastructure management.
Following the asset inventory update, we developed a strategic asset management roadmap that outlined how to address inventory gaps and manage assets over time. This roadmap included timelines, responsibilities, and milestones for updating records and handling asset lifecycles. Additionally, we trained staff on updated procedures and communicated changes to the Town’s citizens for transparency.