Framework and Primers - Asset Management BC

The framework establishes a high-level, systematic approach that supports local governments in moving toward service, asset and financial sustainability through an asset management process.

The framework addresses:

Why asset management is necessary
What asset management is
How it can be implemented

The framework recognizes there are many components within the asset management process and provides a circular, continuous pathway to link all components of the process together.

The framework has been developed to recognize the diversity of BC’s communities. The Framework recognizes that asset management, and the best practices that support asset management, must be scalable to community size and capacity.

The framework focuses on desired outcomes rather than prescribing specific methodologies that allows local governments to develop and implement an approach that can be both incremental and measured, tailored to the individual needs and capacity of each local government.

Further, the framework reflects current best practices and aligns with and is supported by internationally accepted best practices such as the International Infrastructure Management Manual and the ISO 55000 Standard for Asset Management. The Framework also has a section dedicated to additional resources/tools which identifies additional best practices and showcases BC case studies that are supported with topic specific primers.

Finally, the framework is a living document, and recognizing that best practices change and are updated, the framework will also be periodically updated.