The Australian Infrastructure Financial Management Manual (AIFMM) serves as a comprehensive resource detailing financial and asset management terminology pertinent to infrastructure projects in Australia. It covers essential concepts such as accounting policies, asset consumption ratios, and the roles of asset management teams, emphasizing the significance of effective asset management practices to balance financial, environmental, and social costs while ensuring optimal service delivery and sustainability. The manual also highlights the importance of understanding financial obligations, asset valuation, and maintenance strategies for effective management and planning within organizations.
