All entities should aim to strengthen the maturity of their asset management approaches.

Our maturity model is aligned to the ISO 55000 standard on asset management systems and can help entities identify whether they are achieving alignment with the minimum requirements.

We developed this model from a self-assessment questionnaire we issued to local governments in Queensland in 2023 as part of Report 2: 2023–24 Improving asset management in local government and have customised it for use by the full range of government entities.

Entities should self-assess their asset management approaches using the model, to identify strengths and improvement opportunities. These self-assessment results can help entities to consider and plan the steps they need to take to improve the realisation of value for the community from their asset base.