ARV has identified asset management as a key strategic focus area for the organisation, which is responsible for a total asset base of $520 million across a range of public assets, which are the foundations for all that happens within the resorts.

ARV’s Asset Management Strategy has the following overall objectives:

  1. Alignment with ARV strategic background
  2. Assessment of ARV strategic risks in relation to asset portfolio
  3. Demonstrated compliance with government Asset Management Accountability Framework requirements
  4. Identification of key strategic actions and commitments for ARV
  5. Establishment of a Strategic Asset Management Plan directly supporting asset management at each resort location.
  6. Maturity assessment gap analysis identifying current and future asset management requirements.
  7. Development of an asset management improvement and implementation plan
  8. Development of a long-term asset capital investment plan for ARV.

Much of this work has already been completed, with the current focus being on the delivery of asset category plans across the resorts, which are scheduled for completion in December 2024.

This work is being led by Callum Brown, Head of Portfolio Assets Management, in conjunction with consultant GHD and resort asset and operations teams. This will be based on long-term planning to meet future service needs and demand and will embed risk management practices to address high level impacts to the asset base, such as climate change.

The strategy will also develop a 20-year capital investment plan for each resort that will be subject to annual review and will provide the basis for affordable long-term renewal of the asset base.

Page last updated: 26/08/24