Asset Management

Asset Management Planning

Asset management planning is the process of making the best possible decisions regarding the building, operating, maintaining, renewing, replacing and disposing of infrastructure assets. The objective is to maximize benefits, manage risk, and provide satisfactory levels of service to the public in a sustainable manner.  Asset management requires a thorough understanding of the characteristics and condition of infrastructure assets, as well as the service levels expected from them. It also involves setting strategic priorities to optimize decision-making about when and how to proceed with investments.  Finally, it requires the development of a financial plan, which is the most critical step in putting the plan into action. Asset management planning takes a long-term perspective, so that the benefits provided by infrastructure can be maximized. It also affords the opportunity to achieve cost savings by spotting deterioration early on and taking action to rehabilitate or renew the asset.  

The Township of Drummond/North Elmsley has prepared asset management plans for its roads, bridges, equipment and facilities. These plans are intended to provide a comprehensive reference for renewing, operating, maintaining, building, replacing and disposing of the Township’s infrastructure assets. The plans are based on the guidelines provided in the Province of Ontario Ministry of Infrastructure’s Building Together Guide for Municipal Asset Management Plans.
The plan is a living document and will require continuous updates and improvements over time with the Township’s ongoing data collection programs.

Facility Asset Management Plan

Asset Management Plan for Roads, Bridges and Equipment