Senior Policy Analyst
Department of Treasury and Finance VIC
1:50 PM CASE STUDY: Understanding the Department of Treasury and Finance VIC’s Asset Management Accountability Framework for Strategic Asset Life Cycle Management
In early 2016 the Victorian State Government’s Department of Treasury and Finance issued their Asset Management Accountability Framework (AMAF) which applies to infrastructure, plants and equipment, buildings, land and ICT assets. The framework was developed to assist Victorian publicsector agencies better manage their asset portfolios and provide better services for their communities.
Overall the framework lays the foundation for a holistic approach that balances strategic, technical and budgetary considerations through collaboration across the organization’s operating framework.
- Employing a service delivery mindset to rethink investment in assets, generating the business case.
- Integrating asset management thinking into reporting lines and operating frameworks, to reduce asset management “silos”.
- Considerations and strategies for effective risk management.