I spent part of last week at the annual gathering of the Canadian Network of Asset Managers (CNAM) in Burnaby, British Columbia, a part of the Vancouver metro area.Â CNAM is a 2-year old association of government and private sector professionals dedicated to advancing asset management principles and practices for municipal infrastructure. As someone accustomed to the ways we have been doing infrastructure asset managementâ€”or more accurately, not doing itâ€”in the United States, the meeting was an eye-opener!Â
For a start, there seems to be a high level of Canadian interest in infrastructure and its management. Â Some 250 people were there, coming from across that nation and many municipalities, large and small. Â A glossy print periodical, ReNew Canada: The Infrastructure Renewal Magazine offers news and commentary, not simply vendors’ views of how the world should work. Â Canadaâ€™s Public Sector Accounting Boardâ€™s standard 3150 on Tangible Capital Assets (requiring municipalities to report such assets on their financial statements) is the counterpart of the U. S. Government Accounting Standards Boardâ€™s Statement 34, but my conversations with other meeting attendees suggested there is a much broader interest in Canada in integrating asset management into financial planning and management rather than simply meeting minimum requirements with minimum effort.
Most exciting to me was hearing about examples of how specific communities are developing and using their asset management systems. The city of Vancouver, for example, has integrated their enterprise accounting system (they use SAP) with their infrastructure inventory and condition monitoring software (they use Hansen). Â The city’s mayor Gregor Robertson, famously a campaigner for making Vancouver â€œthe greenest city in the world by 2020,â€ is said to be firmly in favor of the asset-management program.Â Calgary staff reported that their efforts are not far behind Vancouver’s.
Such efforts are not restricted to the larger cities.Â The District of Lake Country, a 10,000 person municipality in British Columbia’s wine country, presented their 7-year history of developing and applying asset management principles. The responsible staff and consultants described how elected officials “got it” when maps of aging, at-risk facilities were shown and how they sorted through the issues of deciding public priorities for maintaining performance in delivery of infrastructure services.Â
There is work to do, of course. Vancouver has had to add additional staff members to deal with the large volume of data being produced by their infrastructure management systems.Â Smaller municipalities in mineral-rich areas of Saskatchewan and Alberta are just starting to develop management systems to keep up with growing demands for infrastructure services. I expect there will be lessons learned as more of these Canadian communities develop and apply asset management principles to their infrastructure.