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National Asset Management System: Holistic Approach for Effective Asset Management

Learn about the journey of implementing asset management in the Village of Teslin through pilot projects, conferences, and practical tools in this comprehensive guide. Gain insights on asset registers, NAMS tools, training, and building a sustainable asset management plan for long-term success.

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National Asset Management System: Holistic Approach for Effective Asset Management

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  1. Teslin Pilot Project Asset Management Conference November 5 – 6, 2015 Village of Teslin Teslin Tlingit Council Yukon Government

  2. 2010 Need for asset management identified in Our Towns, Our Future. 2011-12 Two conferences, and a plan to purchase comprehensive software: pay to collect data and store it within a centralized database. Committed to a pilot project with Teslin. Project History

  3. Training – a better understanding Condition assessments (over emphasis) What information do we need? What don’t we need? Focus on AM theory, not on software Asset Registers Restarting the project

  4. Asset Management BC No one answer on how to best approach Asset Management Conference; Funding; Community of Practice. Test drive NAMS A New Approach

  5. National Asset Management System Provides useful training without software commitment Uses MS Word & Excel Manageable asset register size Could be a useful first step National Asset Management System (NAMS)

  6. Keep it simple Don’t overthink it Start with existing financial info Building the Asset Register

  7. NAMS Tools

  8. PSAB 3150 info Insurance evaluations/asset appraisal Financial statements Depreciation schedules Rely on staff + community knowledge Building the Asset Register

  9. Reflections: General impressions Necessary Holistic approach Set time aside for the team NAMS Training

  10. What we learned: Use sample data during training Need the right people on the team Don’t get hung up on condition assessments Ongoing training (webinar, videos) NAMS Training

  11. NAMS Tools • Easy to use and affordable • Excel and word based • Work with one asset class at a time • Don’t expect your register to be perfect

  12. NAMS Tools

  13. NAMS Tools • Steps: • Copy and paste asset register into expenditure template • Enter additional information into the expenditure planning template. • Email to support@namsplus.org.au

  14. NAMS Tools • Steps: • Information returned overnight in the form of graphs, charts, etc.

  15. Importance of ICSP/Joint Community Plan AM Plan template

  16. Upload the charts & graphs into the Word-based AM plan template This completes your AM plan for that asset class – this is where we are now Update plan once a year AM Plan template

  17. In Closing… • We don’t have all the answers • Multi-year process • AM is a team sport • Start simple • Time & capacity are real challenges • Ongoing NAMS training is important

  18. Any Questions?

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