On June 7, the City of Brampton formally launched the first ever Asset Management Training and Innovation Centre in Canada. Endorsed by the internationally recognized Institute of Asset Management (IAM), Brampton City Hall is now an IAM-approved training and exam venue. The certification courses offered will advance the science and practice of asset management, which is critical for all municipalities nation-wide.
“We are thinking bigger and moving forward—our corporate asset management plan is just one example. With the launch of the City’s Asset Management Academy, Brampton is taking its Future Ready mindset seriously with this leadership role. The Academy will advance the practice of asset management, which is critical for all municipalities nationwide,” said Harry Schlange, chief administrative officer, City of Brampton.
While Ontario moves to strengthen municipal asset management, less than 5 per cent of the 444 Ontario municipalities have the staff capacity to internally develop or implement asset management plans. The City of Brampton has undertaken this initiative to help the municipal sector not only in Ontario but across Canada to advance their asset management planning processes and to support the Federal Innovation Agenda by taking.
“Through the launch of its Asset Management Training and Innovation Centre, Brampton is one of leading municipalities in the world in the adoption of Asset Management. The IAM is delighted to be supporting this initiative through the approval of Brampton as an IAM Exam Centre,” said Richard Edwards, president, Institute of Asset Management.
In 2016, the City of Brampton established the Corporate Asset Management Office and formalized its Corporate Asset Management Plan. Brampton has approximately $5.1 billion in assets, excluding land. Goals of the city’s asset management plan include:
- That Corporate-wide Levels of Service are being met in an effective and efficient manner;
- That due regard is being given to the long-term stewardship and sustainability of the asset base;
- Responsible management of the asset portfolio;
- Justifiable funding requirements; and
- Commitment that assets will be maintained in compliance with regulations.
Course details are available via www.brampton.ca/CAM