What is the Relationship of MYS to other Government processes?
The Asset Management Framework provides Government with greater strategic control over the asset bases, and provides and improved management platform to support the Government meeting its service delivery goals objectively and effectively. A key feature of the framework is a requirement for departments to prepare enhanced asset strategies, leveraging the multi-year strategy already provided under the Gateway Initiative, and a new service strategy prior to each annual budget process, to deliver the best asset mix for the State. These strategies will support improved decision making and will explicitly identify the links to Growing Victoria Together outcomes, service delivery, demand drivers, service standards and whole-of-life asset plans. The MYS should tightly align with the Asset Strategy, which is aligned to the Service Strategy.
