Asset Management Plan

The Asset Management Plan is a dynamic and living document that focuses on the effective management of core assets in the Town of Cochrane, Ontario. The AMP complies with the requirements as outlined in the Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure.

What is an Asset?

Our community assets are publicly owned. Depending on the community, these assets are made up of natural ecosystems (like wetlands and aquifers), the constructed environment (like roads, building and playgrounds), and the equipment and resources needed to maintain what we have. Example of our assets include our water system, sewer and drainage system, our transportation networks, our walking trails, our parks, the Tim Horton Events Center and other facilities. They all provide services that our community rely on. Each of these assets performs a function which provides a service that our residents value and have come to expect as part of their everyday lives.

Under Standing Asset Management

Asset Management helps put some rigor and structure around the information we use to make strategic decisions. We use it so that our assets will continue to work well, with no surprises, and provide our citizens with services. It is about making the right investment on the right asset at the right time.

To do this, we must:

• Know what we own and where it is,
• Determine the condition of how well its performing,
• Identify the level of service required for it to last,
• Prioritize and plan for both what we have now and what we will have in the future.

Asset Management is an ONGOING process that leads to safe and sustainable services delivered in a predictable, cost-effective manner. It takes time and effort. Keep in mind this is a working document that is continuously changing with condition assessments and new assets.