Elements and Performance Criteria
- Measure life cycle costs of asset
- All costs attributable to each phase in asset's life cycle are established.
- Asset alternatives are compared to costs applicable to allow effective planning.
- Optimum cost to maintain and operate asset is established.
- Annual costs within the asset's life cycle are compared to funding levels available or needed to provide agreed level of service or maintenance of asset.
- Depreciation or asset consumption is measured.
- Set up systems to measure costs
- Measure cost of service provision and asset maintenance
- Relevant information is accessed from general ledger or other systems.
- Service level options are identified within council requirements and assessed against costs of provision to determine best option.
- Cost of scheduled maintenance is monitored and compared against projected cost and reasons for discrepancies are identified and addressed in future planning.
- Collect information to inform maintenance scheduling
- Use information to improve service delivery
- Information is analysed to identify possible improvements in service delivery methods.
- Results of analysis and implications are discussed with personnel responsible for the work and improved practices are identified where possible.
- Improvements in service delivery are recommended and implemented within level of authority in line with council policies and procedures.
- Measure life cycle costs of asset
- All costs attributable to each phase in asset's life cycle are established.
- Asset alternatives are compared to costs applicable to allow effective planning.
- Optimum cost to maintain and operate asset is established.
- Annual costs within the asset's life cycle are compared to funding levels available or needed to provide agreed level of service or maintenance of asset.
- Depreciation or asset consumption is measured.
- Set up systems to measure costs
- Measure cost of service provision and asset maintenance
- Relevant information is accessed from general ledger or other systems.
- Service level options are identified within council requirements and assessed against costs of provision to determine best option.
- Cost of scheduled maintenance is monitored and compared against projected cost and reasons for discrepancies are identified and addressed in future planning.
- Collect information to inform maintenance scheduling
- Use information to improve service delivery
- Information is analysed to identify possible improvements in service delivery methods.
- Results of analysis and implications are discussed with personnel responsible for the work and improved practices are identified where possible.
- Improvements in service delivery are recommended and implemented within level of authority in line with council policies and procedures.