Asset management

The Victorian Health Building Authority leads the development of policies and guidelines to assist health services improve the effective asset management of Victoria’s public health asset base.

Our policies provide a framework to guide effective asset management that assists health services realise the full value of assets through each stage of the asset lifecycle from planning, acquisition and operation, to maintenance and disposal.

A diagram of the heart with four veins representing Design, Procurement, Construction commissioning handover, and Asset Management Plan performance monitoring. Around the outside of the heart are the words Acquire, Operate, Plan, Dispose. Inside the heart are the words 'renew and replace'.

Caption: Asset management lifecycle model

Effective asset management across the asset lifecycle is achieved in partnership with the department and health services, in accordance with the Department of Treasury and Finance's Asset Management Accountability Framework.

Asset management policy

Our asset management policy outlines our guiding principles and commitment to effective asset management of Victoria’s public health asset base.

Guided by the Statewide design, service and infrastructure plan for Victoria’s health system 2017-2037, this outlines the systems and frameworks that enable the renewal of our asset portfolio and the efficient management of the existing asset base to ensure we realise the full value across the asset lifecycle.

Strategic asset management plan

The Strategic Asset Management Plan outlines our strategic framework for the management of the Victorian health system assets in accordance with the Asset Management Accountability Framework.

It is a key component of our asset management strategy and it describes the framework and high-level approach to effectively manage Victoria’s public health asset base. It has been developed in alignment with our Asset Management Policy and the Department of Treasury and Finance’s Asset Management Accountability framework.

Victorian Health Asset Management Communities of Practice

The Victorian Health Asset Management Communities of Practice (VHAMCoP) provides a platform for health services and other health providers to build capability within the sector and connect asset management professionals and other stakeholders to build networks, collaborate and leverage knowledge and resources.

The key objectives of the Communities of Practice (CoP) include:

improve asset management capability within the health sector
promote standardisation of practice in asset management over the asset life cycle
connect asset management professionals and other stakeholders to build networks, collaborate and leverage knowledge and resources
provide a forum to inform changes to policy or process in the management of the asset portfolio
share learnings, challenges and improvement opportunities and innovative practices.

A commitment to achieving these objectives will foster a culture of continuous improvement and build capability across the health sector.

We invite all interested health services to join our online CoP community.