This project aims to address the lack of systematic and long-term asset management at the municipal level in the four least developed countries (LDCs). The ultimate objective of improving municipal asset management is to help municipalities meet a required level of basic services, in the most cost-effective manner, through the management of physical assets (land, buildings, infrastructure) for present and future customers. This objective is accomplished through enhanced lifecycle asset management and portfolio asset management. Lifecycle asset management encompasses all practices associated with physical infrastructure and property so that decisions are made based on the lowest long-term cost rather than short-term savings. Portfolio management involves managing groups of assets to maximize value and investment for the entire portfolio of assets rather than individual or single groups of assets.