Asset Management

Asset management has assumed an increasingly prominent role over recent years and is a key part of the overall drive to secure best value in service provision.  Appropriate use of assets can make the difference between good and poor service delivery and assist in front line service provision.

In addition, the Scottish Government's efficiency agenda clearly identifies asset management as a major workstream where significant public service efficiencies are to be achieved. Ensuring that assets are used effectively will ensure long-term efficiency savings are identified.

West Lothian is embracing this new framework to deliver service improvements and long-term efficiencies through the better use of assets. The key strands of this are:

• A corporate and co-ordinated approach to asset management
• Preparing a Corporate Asset Management Plan
• Clear arrangements for the management of assets within the council
• Regularly measuring the performance of assets
• Full integration of capital and revenue spending decisions with asset management planning.
• A structured, systematic and fully documented process for identification and prioritisation of capital investment need