[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-241782-105":53,"doc-detail-241782-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","asset-management-plan-amp-7-essential-elements","Asset Management Plan (AMP) - 7 Essential Elements","","An Asset Management Plan (AMP) defines how groups of community assets will be managed across their full life cycles to meet agreed service standards while balancing acceptable cost and risk. It supports implementation of asset management policy, enables transparent decision-making, and helps communities maximize the value of existing infrastructure. The document explains AMP relevance within the Territorial Asset Management Framework and outlines seven essential elements covering inventory, valuation, condition/remaining life, levels of service, risk assessment and prioritization, revenue requirements, and long-term financial planning.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/asset-management-plan-amp-7-essential-elements/241782/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/asset-management-plan-amp-7-essential-elements/241782.png","ImageObject",442,249,{"name":88,"@type":89},"Oliver Hayes","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-09","2026-09-12",true,{"@type":98,"interactionType":99,"userInteractionCount":73},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is an Asset Management Plan (AMP) and what does it cover?","Question",{"text":108,"@type":109},"An AMP describes how one or more groups of assets are managed over their full lifecycles to deliver an agreed service standard. It is designed to support appropriate service levels across cost and risk.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"Why is an AMP important for communities?",{"text":113,"@type":109},"An AMP supports implementing the Asset Management Policy and delivering expected service levels at acceptable cost and risk. It also improves transparent, informed decision-making and helps communities maximize the value of existing infrastructure.",{"name":115,"@type":106,"acceptedAnswer":116},"What are the seven essential elements of an AMP?",{"text":117,"@type":109},"The seven elements address what you own (inventory), what it is worth (valuation), its condition and remaining life, needed work through levels of service and an initial plan, timing through risk assessment and prioritization, total cost via revenue requirements, and payment through a long-term financial plan.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},241782,1791538296,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":135,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":9},687207020761,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Asset Management Plan  \nWhat is an Asset Management Plan?  \nAn Asset Management Plan (AMP) is a document that describes how one or more groups of assets are to be managed over their full lifecycles in order to deliver an agreed upon standard of service.  \nWhy is it important?  \n► Supports implementation of the Asset Management Policy and the delivery of expected levels of service, at acceptable cost and risk  \n► Serves as a mechanism for transparent and informed decision-making  \n► Enables communities to maximize the value of existing infrastructure that delivers core community services  \nAnAMP is a core component of the Territorial Asset Management Framework, and upholds the mandate of the Government of the Northwest Territories 2016-2019 (Revised, Appendix A, Section 5.4.4), which calls for all communities to have AMPs. The Northwest Territories Community Government Accountability Framework identifies AMPs as one of twelve indicators that will be used in measuring the performance of individual communities.  \nEssential Elements of Asset Management Plans  \nSeven essential elements of asset management are commonly presented as questions which relate to key components of any community's asset management program. These can be answered through the AMP process.  \n7 Essential Elements  \nWhat do you own?  Inventory  \nWhat is it worth?  Valuation  \nWhat is its condition?  Condition / Remaining Life What needs to be done?  Levels of Service / Initial Plan When do you need to do it?  Risk Assessment & Prioritization How much will it cost?  Revenue Requirements How will you pay for it?  Long Term Financial Plan  \nCan we help with your Asset Management Program?  \nNorthwest Territories Association of Communities Phone: (867) 8359  \nFax: (867) 873-3042  \n[www.nwtac.com](www.nwtac.com)  \nAsset Management Smart Management Practices  \nComponents of an Asset Management Plan  \nAn AMP should follow the process illustrated below, and include the content identified within the nine report sections.  \nAn AMP template, and associated guide, have been prepared along with an asset inventory template to support communities in developing an Asset Management Plan.","cbCaifMSxxifzDVM","https://ap.wps.com/l/cbCaifMSxxifzDVM","pdf",294215,8,"English","# What is an Asset Management Plan?\n## Why is it important?\n# Essential Elements of Asset Management Plans\n## 7 Essential Elements\n# Components of an Asset Management Plan\n## Supporting templates and guides","[{\"question\":\"What is an Asset Management Plan (AMP) and what does it cover?\",\"answer\":\"An AMP describes how one or more groups of assets are managed over their full lifecycles to deliver an agreed service standard. It is designed to support appropriate service levels across cost and risk.\"},{\"question\":\"Why is an AMP important for communities?\",\"answer\":\"An AMP supports implementing the Asset Management Policy and delivering expected service levels at acceptable cost and risk. It also improves transparent, informed decision-making and helps communities maximize the value of existing infrastructure.\"},{\"question\":\"What are the seven essential elements of an AMP?\",\"answer\":\"The seven elements address what you own (inventory), what it is worth (valuation), its condition and remaining life, needed work through levels of service and an initial plan, timing through risk assessment and prioritization, total cost via revenue requirements, and payment through a long-term financial plan.\"}]","Asset Management Plan (AMP) - 7 Essential Elements | PDF",1789180862]