E A G L E S O F T

Asset Management Policy for the NSW Public Sector

NSW state government, in October 2019, published an important policy document, which requires agencies to adopt three core requirements as mandated in that policy.

The Asset Management Policy for the NSW Public Sector seeks to drive better asset management through strengthening accountability, performance and capability across the public sector.

According to that document, the objective of the policy is to achieve a consistent and improved approach to asset planning and service delivery that is underpinned by the consideration of asset lifecycle costs, performance, risk and economic modelling to support the strategic priorities of the NSW Government.

The policy mandates NSW Government agencies adopt a whole-of-government and whole-of-asset lifecycle approach to their assets, which should enable agencies to: