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New Zealand Asset Management Plan Updating Year

asset management plan updating
Auckland Motorway by Karl Hipolito

The New Zealand Local Government Act specifies a cycle of Council Long-Term Plan updating based on our 3-year electoral cycle.  The next Long Term Plan updates are due in 2015.

Long-Term Plans are underpinned by Asset Management Plans, as the expenditure on activities and the assets that support those activities make up most of NZ council expenditure.

Resulting from the legal requirements to update Council Long-Term Plans, 2014 is the year Asset Management Plans must be updated so the supporting information can flow into the Long Term Plans in a timely and considered manner.

For most Councils, this means that the Asset Management Plan updating needs to be finished in the period July-September 2014.

Over the next few blogs, I have posted a series of short blog posts covering wider topics that I believe need to be considered in the 2014 Asset Management Plans.

The topics I have covered are:

  1. Good Project Planning and Your AMP Updating Programme
  2. Census Data for Update – Population and Demography Projections
  3. Local Government Act Changes – The Purpose of Local Government
  4. Local Government Amendment (No 3) Bill – Infrastructure Strategy Requirements
  5. Local Government Amendment (No 3) Bill – Development Contribution Changes
  6. Natural Disasters, Resilience and Contingency Planning
  7. Mandatory Performance Measures (Department of Internal Affairs)
  8. Insurance Changes
  9. ISO 55000
  10. Better Business Case Methodology
  11. Water and Sanitary Services Assessment updating
  12. Office of the Auditor General Guidance and Audit Requirements
  13. Regional and District Plans, Strategies and Changes – application to your AMP
  14. Valuation Updates
  15. Asset Management Improvement Programme – delivery and updating

This list can also be used as a high-level checklist to make sure you have haven’t missed any important topics

Feel free to CONTACT US if you have some questions or you need assistance on your AMP updates.

PHOTO CREDIT: Karl Hipolito

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  1. Timaru Consulting Company Serves 70% of NZ Territorial Authorities — Online Writing Niche says:

    […] As reminder for infrastructure asset managers, Ross Waugh, founder and director of Waugh Infrastructure Management Ltd., published on his blog a checklist of subjects that must be considered in asset management plan updating. […]

    Reply
  2. AMP Update 2014 No.5 – LGA Amendment (No 3) Bill, Development Contribution Requirements — Waugh Infrastructure Management - New Zealand says:

    […] schedule of infrastructure requirement has the most potential to impact 2014 Asset Management Plan updating.  Decisions will need to be made about where this schedule is maintained, how it is updated, […]

    Reply
  3. AMP Update 2014 No.8 - Insurance Changes — Waugh Infrastructure Management - New Zealand says:

    […] robust review of Asset Management Plan risk management including insurance provisions will assist in supporting the 30 year Infrastructure […]

    Reply
  4. Ethical Practice and Way of Thinking in Infrastructure Management — Waugh Infrastructure Management – New Zealand says:

    […] Ross shared about the ethical practice that consultants must observe in creating the infrastructure asset management plan. […]

    Reply
  5. AMP Update 2014 No.1 – Project Planning – Waugh Infrastructure Management – New Zealand says:

    […] outlined in my previous overview post, 2014 is the asset management plan updating year in New […]

    Reply
  6. Asset Management Plan Update No. 4 – LGA Amendment (No 3), Infrastructure Strategy – Waugh Infrastructure Management – New Zealand says:

    […] at the requirements listed in (4) in relation to Asset Management Plans, a review of assumptions outlined in the AMP will be required.  In many cases the assumptions area […]

    Reply
  7. Asset Management Plan Update No. 5 – LGA Amendment (No 3), Development Contribution – Waugh Infrastructure Management – New Zealand says:

    […] schedule of infrastructure requirement has the most potential to impact 2014 Asset Management Plan updating. […]

    Reply
  8. Asset Management Plan Update No. 7 – Mandatory Performance Measures – Waugh Infrastructure Management – New Zealand says:

    […] part of your 2014 Asset Management Plan Update you should be […]

    Reply
  9. Asset Management Plan Update No. 8 – Insurance Changes – Waugh Infrastructure Management – New Zealand says:

    […] robust review of Asset Management Plan risk management including insurance provisions will assist in supporting the 30 year Infrastructure […]

    Reply
  10. Asset Management Plan Update No. 9 – ISO 55000 – Waugh Infrastructure Management – New Zealand says:

    […] I encourage you to keep up to date with this information as you undertake your Asset Management Plan updates. […]

    Reply
  11. Asset Management Plan Update No. 10 – Better Business Case Methodology – Waugh Infrastructure Management – New Zealand says:

    […] would encourage you to look at the BBC methodology, and consider its application to your Asset Management Plan […]

    Reply
  12. Asset Management Plan Update No. 11 – Water and Sanitary Services Assessment – Waugh Infrastructure Management – New Zealand says:

    […] that you review your Water and Sanitary Services Assessment this year – to support your 2014 Asset Management Plan […]

    Reply
  13. Asset Management Plan Update No. 12 – Guidance and Audit Requirements – Waugh Infrastructure Management – New Zealand says:

    […] updating your Asset Management Plan remember to look at recent audit Management Reports, and ensure that the issues raised in the […]

    Reply
  14. Asset Management Plan Update No.13 – Regional and District Plans – Waugh Infrastructure Management – New Zealand says:

    […] of these planning and regulatory activities have the potential impact on your Asset Management Plan levels of service, future demand management, lifecycle management and financial […]

    Reply
  15. Asset Management Plan Update No. 14 – Valuation Updates – Waugh Infrastructure Management – New Zealand says:

    […] valuations are part of the core information presented in an asset management plan, and as such any updates need to be completed in time to be inserted into the AMP, and results and […]

    Reply
  16. LGA 2002 – Section 10, Reminder for Asset Management Plan Updating – Waugh Infrastructure Management – New Zealand says:

    […] of Activity Level, as an overview statement in the Level of Service section of the asset management […]

    Reply
  17. Ethical Practice and Way of Thinking in Infrastructure Management – Waugh Infrastructure Management – New Zealand says:

    […] Ross shared about the ethical practice that consultants must observe in creating the infrastructure asset management plan. […]

    Reply
  18. Asset Management Plan Update No. 15 – AMP Improvement Programme – Waugh Infrastructure Management – New Zealand says:

    […] Feel free to contact Waugh Infrastructure Management Ltd. for some questions you may have about updating your Asset Management Plan. […]

    Reply
  19. Asset Management Plan Update No. 6 – Natural Disasters, Resilience and Contingency Planning – Waugh Infrastructure Management – New Zealand says:

    […] sure you allow adequate time to incorporate this information into your Asset Management Plan risk management sections and also be prepared for the financial implications of the analysis, which […]

    Reply

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