41. Achieve better use of infrastructure assets by improving asset management practices across the public sector, including:
- formalising and funding the Department of Finance’s role as functional lead for asset management to support and assist state agencies and government trading enterprises in developing asset management maturity
- progressively expanding the Building Asset Management Framework pilot initiative to operationalise the Strategic Asset Management Framework and apply to all government asset types
- requiring all state agencies and government trading enterprises to develop fit for purpose asset management practices, in line with the Department of Finance guidance
- undertaking a review within 5 years to assess progress on maintenance outcomes and determine whether additional measures are required to strengthen the ability of state agencies and government trading enterprises to fund ongoing asset maintenance.
The WA Government responded to Foundation for a stronger tomorrow in February 2023. Recommendation 41 is fully supported. For further information please refer to the response document.
Actions:
41.56 Review asset maintenance outcomes under the Building Asset Management Framework pilot initiative, subject to review parameters being agreed between DF, Treasury and IWA
1/1 actions on schedule
41.56 On schedule
Asset management (AM) maturity assessment pilots for DoE and DPIRD are complete with AM improvement plans developed. The Building Condition Assessment program for agency-owned office buildings is progressing with site inspections completed in June 2024. The Building Asset Management Framework is being operationalised across the Finance-owned office building portfolio.