Asset performance information allows an agency to assess how well its assets are performing to meet its expectations and objectives (levels of service).
This is important because it provides an indication of the performance of the government balance sheet. This can lead to greater utilisation of Crown assets and helps ensure that assets meet needs more effectively.
This element is designed to assess how well the agency’s assets are meeting agreed levels of service in terms of utilisation, condition, and functionality (fitness for purpose) indicators.
The Treasury will work with each agency to determine the appropriate significant assets or asset portfolios for assessment and is available to support selecting relevant asset performance measures with agencies.
The agency completes the initial assessment by comparing the actual performance against the target performance over each of the last two financial years. The agency provides those results along with explanatory information on measures and how targets are set. The asset performance results are weighted according to the asset portfolio weightings agreed in element 1. The results are subject to verification and moderation.
The benefits delivery performance, project delivery performance and asset performance information can be entered into the spreadsheet below and submitted to the Treasury. Instructions for how to fill it in can be found in the assessment and moderation guidance. If you have further questions please email the Treasury at [email protected]
For ICR purposes, agencies should use the lag indicator template below.