What is Asset Management?
Asset management is an integrated, lifecycle approach to effective stewardship of infrastructure assets to maximize benefits, manage risk and provide satisfactory levels of service to the public in a sustainable and environmentally responsible manner.

The overall asset management process takes an organization’s objectives, determines how these rely on infrastructure, and then develops a plan to provide the supporting infrastructure services at the lowest lifecycle cost. Lifecycle costing looks at the total cost of an asset over its entire useful life, from construction to disposal, including operating costs.

Asset management is essential to the development of a common, systematic understanding of what needs are most important and how they can be addressed. Having a roster of the highest priority municipal infrastructure needs will help ensure that the Province is supporting the right projects.

Kindersley's Asset Management Plan
The Town of Kindersley has adopted a comprehensive asset management plan in order to provide responsible and sustainable management of infrastructure assets in Kindersley. This plan assists administration and Council to determine the need and best practices for rehabilitation of all underground and surface infrastructure, including roads, curbs, gutters, sewer and water mains.