Appendix 2: Where to find out more
There is a range of information available to help asset managers. Much of the material can also support the governors of asset-intensive organisations to ask the right questions and make well-informed decisions. This section references established good practice as well as resources that share learning from other reviews of asset management planning and practices.
Note: Some of the guidance requires a subscription to the professional bodies and standard setters referenced.
The Auditor-General has published a report outlining Matters arising from our audits of the 2021-31 long-term plans. The report covers preparing LTPs, the financial strategies adopted by local authorities and their impact on rates and debt, infrastructure strategies, how local authorities manage their assets, how the Government’s proposed three waters reforms affected the LTPs, and climate change.
https://oag.parliament.nz/2022/ltps
The Auditor-General has also published Consulting matters: Observations on the 2021-31 consultation documents. This report provides observations on the 2021-31 long-term plan consultation documents. It says that “Effective consultation with communities is critical to ensuring that councils develop the right plan for their community. Councils need to provide their communities with reliable and clear information about the matters proposed for inclusion in the long-term plan so that their community can engage with and provide feedback on this.”
https://oag.parliament.nz/2021/consultation-documents
The Auditor-General has also published a range of other reports related to aspects of asset management or the management of specific assets by agencies. Many of these reports have more widely applicable learnings.
https://oag.parliament.nz/reports/asset-management
Audit New Zealand has published two previous reports sharing the learning from our audits of asset management planning. Asset management and long-term planning: Learning from audit findings 2015 to 2017 is a resource for public sector organisations that manage significant infrastructure networks and other asset categories. Asset management for public entities: Examples from local government shared similar learning from our 2009 audit of long-term planning.
www.auditnz.parliament.nz/resources/asset-management
The Institute of Public Works Engineering Australasia (IPWEA) is the peak association for infrastructure asset management and professionals who deliver public works and engineering services. IPWEA has developed the Asset Management Pathway, a structured training programme designed to build capability through practical learning. It is supported by IPWEA best practice publications such as the International Infrastructure Management Manual and the International Infrastructure Financial Management Manual. IPWEA also offers NAMS+ A toolkit for asset management planning.
www.ipwea.org/educationandevents/ampathway
www.ipwea.org/resourcesnew/namsplus
Infrastructure asset management professionals: Āpōpō (formerly IPWEA NZ) is the lead association for infrastructure asset management professionals. It provides tools and resources, professional development, and networking and connections. It offers Āpōpō Digital Badges covering aspects of asset management.
It has recently published the The Āpōpō Guide, designed to be a living resource to reflect the unique challenges faced by asset management professionals practicing in Aotearoa New Zealand.
ISO 55000 is the applicable international standard and is available from Standards New Zealand: Te Mana Tautikanga o Aotearoa.
ISO 55000 provides an overview of asset management, its principles and terminology, and the expected benefits from adopting asset management. ISO 55000 can be applied to all types of assets and by all types and sizes of organizations. ISO 55000 is supported by the further detail available in ISO 55001 and ISO 55002. ISO 55001 specifies requirements for an asset management system within the context of the organization. ISO 55002 gives guidelines for the application of an asset management system, in accordance with the requirements of ISO 55001.
www.standards.govt.nz/shop/iso-550002014/
www.standards.govt.nz/shop/iso-550012014/
www.standards.govt.nz/shop/iso-550022018/
Te Tari Taiwhenua: Internal Affairs provides a range of resources to support local authorities.
Taituarā — Local Government Professionals Aotearoa is the national membership organisation for local government professionals. Its purpose is to promote and support professional management in local government. It provides the LGSectorGoodToolkit®, an online resource for the local government sector.
www.solgm.co.nz/welcome-to-the-lgsectorgoodtoolkit/
The Chartered Institute of Public Finance and Accountancy (CIPFA) provides the Asset Management Information Stream. This is a guide to implementing effective asset management and capital investment planning in the public sector. It is aimed at practitioners involved in asset management across local authorities. Although developed in the UK, it is broadly applicable to the New Zealand context.
www.cipfa.org/tisonline/streams/financialmanagement/asset-management
The Royal Institution of Chartered Surveyors (RICS) is the leading professional body for the built and natural environment. It has published Strategic public sector property asset management. This guide is aimed at those engaged in strategic property asset management in the public sector globally. It considers the changing nature of the role and expectation real estate plays and indicates how an organisation should use data to support organisational objectives and inform the strategic management of assets.