Asset management (AM) is a business process that the CVRD uses to take care of the infrastructure assets (like pipes, buildings, and parks) that provide important services to the public, such as clean water and recycling.
The goal of AM is to ensure that service delivery is sustainable over the long term and balances social, environmental, and financial costs and benefits of the infrastructure asset over its entire life. In other words, AM is about maximizing the value of infrastructure over the long term and getting the biggest bang for the buck. The CVRD Corporate Strategic Asset Management Plan can be found in its entirety under the related documents banner.
The CVRD is following Asset Management for Sustainable Service Delivery: A BC Framework, as developed by Asset Management BC. This document establishes a high-level, systematic approach that supports local governments in moving toward service, asset and financial sustainability through the asset management process. The asset management planning process was formally initiated in January 2016.