Key Dates

Core Assets include the water network, wastewater network, storm water network, road network and bridges and culverts.

• Document and review core asset inventory.
• Document existing levels of service for core assets
• Complete lifecycle analysis and assess risk/criticality of each core asset to inform future desired levels of service.
• Determine estimated replacement and operational cost. 

Include non-core assets into the Asset Management Plant.  This includes buildings, fleet, machinery and equipment and furniture and fixtures.  

• Review and make any required adjustments or updates to the core asset inventory
• Update asset inventory to include all assets owned by the Town of Cochrane as defined in the Strategic Asset Management Policy
• Document existing levels or service for all other assets 
• Determine replacement cost and operating cost. 

Phase 3 is building on Phase 1 and 2 by adding Proposed Level of service and lifecycle management and financial strategy. 

• Review and make any required adjustments or updates to the asset management plan. 
• Develop proposed technical and community levels of service 
• Update asset lifecycles and risk models 
• Identify financial strategies to deliver proposed levels of service and address funding shortfalls.