Introduction

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Distinctions between private and public sector management in Australia are diminishing. Public sector managers now need to develop approaches and skills formerly considered to be the hallmarks of their counterparts in the private sector – strategic thinking, business acumen, a customer (or user) focus and the capacity to take considered risks. This part of the Asset Management Series will assist public sector managers to apply these skills in managing public assets effectively and accountably.

It sets out the operational policies and practices for asset management that apply to all Victorian Government departments and agencies wholly or partly funded through the State budget, and provides assistance for asset managers to interpret policy requirements in the light of their particular situation. It was developed in line with the principles and key activities set out in Part 1 of the series, and in the context of applicable legislation and Government and administrative policy (see Appendices 2A and 2B).

Part 2 is concerned with 'what to do' not 'how to do it' and is intended for use by:

• managers (at all levels) who are responsible for at least some asset management activity;

• staff who make decisions about assets; and

• staff of central agencies with responsibilities that affect asset management.

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