Disposal Plan
An annual disposal plan should consist of:
Executive Summary
The executive summary describes the key goals and outcomes of the plan. Typically it would include:
- The scope of the assets covered
- Key disposal goals
- The work that will be done
- Funding requirements that have been prepared or staged for this financial period
- Target performances for the disposal program.
Goals and Objectives
This section gives a brief overview of the organization's asset management goals and objectives.
Strategic Disposal Program Objectives
This section gives a brief overview of:
- The organization's disposal goals and objectives
- How these objectives have affected the capital investment program for new asset acquisitions and the existing operations and maintenance program.
Disposal Strategies
The program disposal strategies, including:
- Each of the organization's asset strategic plans, with the disposal strategies
- ESD issues and high-risk issues and the management strategies for them.
Each of the disposal strategies should include:
- Special circumstances
- Financial analysis
- Management of risk
- Environmental analysis
- Non-financial considerations
- Relevant policy and legislation.
Annual Program, including Rolling Program
The annual disposal program should include:
- Program imperatives and priorities
- New program strategies and major disposal projects, including previous projects that are either ongoing or to be completed within the period
- Updated details of the performance of previous programs, reported by project basis
- Indications of disposal ranking and the key reasons for the ranking.
Annual and Rolling Program Budgeting
This section should identify:
- A forward budget strategy of three to five years that will be reviewed annually as part of the financial planning and budget cycle
- The projected disposal budget for the five-year term, broken up by asset categories
- Special program budgeting and funding requirements
- Previous expenditure performance
- Expenditure for the next year.
Program Implementation
The disposal plan should provide:
- A brief overview as to how the disposal projects will be managed
- A break up between in-house, contracted services and specialists services.
Appendices
Detailed appendices include:
- Disposal/capital works definitions
- Category and disbursements of assets
- Details of capital expenditure by strategy
- Asset performance reporting.