Asset Management Plans – New or Review

CT Management Group offers a comprehensive range of Asset Management products and services that are designed for Local Government to develop or review Asset Management Plans.


CT Management Group is continually updating its Asset Management tools and resources and offering Councils greater consistency in being able to benchmark against other Councils and organisations across Australia.

Good Asset Management Planning and Service Planning are essential components of any sustainability review. Good condition data, together with identified maintenance and renewals requirements across asset classes are part of the foundations for improved long-term planning of assets.

The other input into this process is an understanding of the range quality, levels and cost of services Council provides to the community and whether the present service delivery is sustainable.

Councils must prepare and adopt long term Asset Management Plans that: 

  • Provide strategies to ensure the sustainable management of council assets. 
  • State the estimated capital expenditure for renewing, upgrading and extending assets; and 
  • Are part of and consistent with the long-term financial plan forecasts.

Modelling will demonstrate that replacing existing and ageing assets is an increasingly expensive process and needs to be managed having regard to business objectives, including service delivery targets. Asset Management through funded renewal investment and sound Asset Management Planning, is the cornerstone of sustainable service delivery. 

Our Asset Renewal Demand Calculator calculates demand with capability to develop degradation curves and alternatives scenarios.

CT Management can assist with the updating of your Asset Register, Condition Assessment and valuation, renewal demand, establishing levels of service across asset classes, through to the development of the Asset Management Plan linking into the Long-Term Financial Plan.

Our Long-Term Financial Plan model also allows you to develop a 20-year capital works program (renewal, upgrade, new) and investment scenarios.

More recently, CT Management Group has included the provisions of ISO 55000 within the total planning and management framework. This increased emphasis on key inclusions which link into an organisational ISO 55000 compliant framework ensures that Councils are ISO ready. Typical additional inclusions and referenced areas include the following:

  • Council Corporate and Strategic Frameworks and Requirements
  • A greater emphasis on Management Responsibilities and Interfaces
  • Asset Reporting Requirements
  • Asset Assurance Requirement


An alternative approach for Councils may be preferred: 

  • Revamping of the AM Policies and Strategy (including improvement actions) workshopped with the Council. 
  • Developing Levels of Service (LoS) documents for each of the major asset classes including their respective hierarchies/classifications for roads/buildings/parks/waterand sewerage.  
  • Organisation/Council understanding and support for a planned, sustainable approach to maintenance/renewals which are tied to agreed LoS.
  • Then updating of Asset Management Plans to reflect this approach.


CT Management Group is providing assistance to Councils where we have been providing AM support plus GIS data cleansing etc., on an ongoing basis.  This service is called “CT Connect”.

AMCap is another AM program that Councils can take advantage of. AMCap is a program built upon the integration of asset management, financial planning and service planning. Our objective here is to establish a standardised sector-wide asset management competency program in each state.

CT Management Group have skilled and experienced Associates who can assist Councils to: 

  • Review the currency of your existing Asset Management Plans.  
  • Undertake asset data integrity audits. 
  • Review life cycle asset management and renewal gap forecasting. 
  • Following review ensure that current plans link to long term financial forecasts.

For more information on our extensive project work to date with Councils throughout Victoria, Queensland, New South Wales and Tasmania please call 1300 500 932 or submit the form below.

Get in touch with us today