Asset management strategy

Annual review cycle

Strategic fit and purpose

• How does the asset contribute to and/or detract from our corporate priorities?
• Which category does this asset sit within?
• Does this asset meet our expectations for this category?

Performance of the asset

• What financial and non-financial outcomes does the asset deliver?
• What financial and non-financial benefits are associated with the asset?

Asset decision process

Opportunities and risks

• Does this asset present opportunities beyond its current use?
• Is there anything stopping these opportunities being realised, and if so can any barriers be removed?
• What risks would the opportunity present and how can these be managed?
• Are there any risks associated with the asset in its current form? Are these being /can these be effectively managed?

Option analysis

• Review of performance, opportunities and risks against our Corporate Priorities
• What options are available for the future of this asset?
• What are the costs and benefits of the options?
• How would risks arising through pursing alternative options be managed?

Stakeholder engagement

• Internal Stakeholders
• Residents, community groups and others depending on the specific site and/or asset - site and asset dependent
• Asset Management Working Group
• Relevant decision making commitee (if necessary)

Asset challenge outcome

• Retain Asset
• Redevelop Asset
• Dispose of Asset
• Acquire Asset