Asset Management is a combination of management, financials, economic, engineering, operational and best practices applied to physical assets with an objective of providing the required level of services in the most cost effective manner. Due to increased demands from new regulations and policies an asset management system could assist First Nations in facilitating data and the financial planning resulting in a positive institutional change to community assets management. Subsequently leading to improved services and performances, more accurate financial planning, reduces life cycle costs & expenditures and improve the communities return on investments.

