Across Canada, First Nations communities and municipalities face significant challenges in keeping their assets in good repair to provide safe and reliable services to their members. With limited funding and financial pressures, many communities have embraced asset management as a strategy to maximize the returns on their infrastructure investments.
This module focuses on developing comprehensive Asset Management Plans that guide the long-term care and enhancement of community infrastructure. Using the information compiled in Module 1 and climate risk profiles developed in Module 2, Module 3 helps communities plan for capital replacement and ongoing maintenance in a strategic, progressive manner.
An Asset Management Plan (AMP) enables a community to inventory its assets, evaluate their condition and capacity to meet current and future demands, assess and mitigate risks, determine capital and operations and maintenance (O&M) needs, and create actionable plans to maintain and improve service levels. AMPs are dynamic, evolving documents designed to guide both day-to-day operations and long-term financial planning. At its core, asset management is about: “Doing the right thing, to the right asset, at the right time... at the right cost!”
The goal is to foster a culture of continuous improvement, where infrastructure investments are made wisely, ensuring resilience and sustainability for future generations.
