Robust performance information is vital to effective asset management. It allows an organisation to assess how well it is meeting its expectations and objectives, both at an organisational and asset level. It provides a method for comparing performance across entities, and a tool for identifying and assessing areas for improvement. This can lead to greater utilisation of Crown assets and helps ensure that assets meet needs more effectively. This in turn will allow government to provide the required level of service at the least cost.
Under Cabinet Office circular CO (23) 9, agencies must report on relevant performance indicators for service critical assets in their annual reports.
Mandatory: Cabinet Office Circular CO (23) 9:
Reporting on asset performance indicators
Agencies should use the following guidance documents to guide the performance reporting content to include in their annual report.
Guidance
| Doc. Date Sort ascending | Creator | Title |
|---|---|---|
| The Treasury | ||
| The Treasury |
Future requirements
It is expected that guidance documents will be updated in the future.