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Government asset strategic planning

Government commits several billion dollars each year for its Capital Program. This investment in capital, both for economic and social infrastructure, provides a stimulus for improving the productivity of the Queensland economy. Assets created by the Capital Program are recognised as a key resource consumed as part of the delivery of Government services.

Treasury is aiming to improve asset strategic planning processes across Government which will optimise the use of asset resources. A number of initiatives are being progressed as part of the improvement agenda which will provide Government an opportunity to integrate asset planning with higher level social and economic infrastructure planning.

Treasury has developed new Asset Strategic Plan Guidelines (PDF 200 K) to assist agencies. These guidelines were developed in consultation with agencies and the Queensland Audit Office and incorporate recommendations from the Aligning Services and Priorities Asset Management Review.

Other documents to support asset strategic planning are available on the Knowledge centre. These include information on reporting and asset identification.

Other key initiatives include:

• implementing the High Priority Maintenance Initiative
• implementation of the Government Energy Management Strategy (GEMS)
• enhancements to the Government Asset Management System (GAMS)
• improving Capital Program management
• strategic asset planning of key regional focus areas
• implementing the whole-of-Government approach to asset maintenance and management systems
• integrating Asset Strategic Planning and Capital Budgeting processes
• developing whole-of-Government asset accounting approaches
• implementing consistent, whole-of-Government approaches to asset identification, asset classification and asset information in conjunction with the Shared Service Initiative
• reviewing and establishing improved value-for-money asset management and delivery models in conjunction with the Shared Service Initiative.

Last reviewed 3 July 2008

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