Incentivise improvements in asset management across the public sector
Infrastructure WA
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Improve asset management practices across the public sector
Asset management
Organisations with mature asset management systems take a strategic approach to planning and using assets, and a lifecycle view of asset systems and networks, rather than a narrow focus on discrete maintenance and upgrades.
Around two-thirds of the total cost of an asset generally occurs after it is built or acquired. Effective management of the state’s approximate $159 billion infrastructure asset base is essential to maximise the value and longevity of these public assets.
