asset management

  • Superior Asset Performance at the AOG Knowledge Forum

    IMG 0574It was a great turn out for the Asset Management’s AOG Knowledge Forum panel discussion on Superior Asset Performanceyesterday. Thanks to the Panel (Julie Harrison, Michael Judd, Neil Clegg, Mark Mackenzie, Kevin McCafferty) and the audience for the great participation. Check out some more pics taken at the event below:

  • Sydney and Digital Engineering

    Sydney 16 May1Sydney chapter had an excellent attendance of 49 to join in a panel discussion on “Digital Engineering in Asset Management” last Thursday.

    The key theme of the discussion was exploring “Why aren’t we using DE for whole of life management of assets yet?”

    An expert panel of practitioners was convened and chaired by Toby Horstead, NSW Lead - Strategic Asset Management, Jacobs and a Director on the Board of Asset Management Council. The panel members were:

  • Sydney Chapter Involvement with AEC

    Sydney AEC InvolvementAMCouncil Sydney Chapter was this year invited to assist with the hosting some Field visits (Off-site tours) in conjunction with Engineers Australia’s College of Leadership and Management (CLM) at the Australian Engineering Conference held in Sydney in September.

    One of these was at Garden Island Defence Precinct and included a workshop on the topic of Digital Disruption in Construction in the Department of Defence and the other was at the Sydney Opera House.

  • Sydney digs deep into Data Mining

    Steven Doran Picture 1Data Mining is one of those topics that conjures up thoughts of modelling a large amount of data without providing significant Asset Management value. Whilst there are a few companies that have invested significant time and energy into modelling a broad range of data to assist in decision making, this does not appaer to be a widespread approach in asset management.

  • Sydney look at Certification under ISO 55001 from the Certifying Auditors Perspective

    IMG 0672George Assaad, a passionate public speaker and expert in in developing, implementing and maintaining management systems for clients across a wide range of industries, engaged our Sydney chapter to be very interested in what some may say could be a dry topic on Certification under ISO 55001 from the Certifying Auditors' Perspectivelast week. The chapter may not have had an as energised audit speaker prior! George made sure that members were across the requirement that It’s ‘their’ decision to make sure that the right Asset Management decisions that are made are in line with the requirements of the ISO 55000 series standards.

  • Sydney looks at BIM Requirements

    pic 1Jim Plume, Director of BuildingSmart Australasia last night presented at the Sydney Chapter's March meeting on Building Information Modelling (BIM) Requirements for Asset Management. With the focus of BIM being most heavily associated with the initial stages of an asset's life the audience were curious to see what BIM offers for the duration of its life. Living and changing requirements were presented as the 'DNA' which must be the thread through the whole life cycle and be open information to all relevant stakeholders.

  • Sydney on Asset Data/Information and the Restructuring of Existing Systems to Maximise Value

    A successful AGM was held by our AMCouncil Sydney chapter last Thursday. On behalf of the continuing committee members wewelcome Stephen Poropatto the AMC Sydney Chapter 2019committee! It will be great to have a new face (?) on the team as we continue our strong growth in the chapter.

  • Sydney on Asset Management across a multi-modal asset portfolio

    Sydney 21 Mar 19A great attendence of approximately 45 at Sydney's technical and networking session last week. It was noted that Mark Ragusa from Ausgrid has filled the remaining vacant committee membership position, and we welcome him on board.

    The Chapter then heard from Lucio Favotto, Principal Manager Infrastructure and Fleet Services, Transport for NSW. Lucio provided an insightful presentation on the following - Asset Management across a multi-modal asset portfolio - Transport for NSW (TfNSW).

  • Sydney Sings Praises about Opera House Site Visit

    The AMC Sydney Chapter conducted its annual site visit on the morning of Thursday 15th August. This year we had the privilege of being hosted for a behind the scenes tour of the iconic Sydney Opera House (SOH). SOH is an asset with a design life of 250 years, which opened in 1973 and hence is approaching 50 years old.

  • Sydney tackles power challenges

    IMG 1195Sydney chapter members enjoyed hearing some detailed insights last night, 17 May, into the application of Asset Management to the power distribution industry during a presentation by Murray Chandler - Ausgrid's Head of Asset Management Strategy, Performance & Innovation.

  • Sydney's Bring a Problem Night

    IMG 0074Sydney Chapter has thrown back to a meeting format from the 1990’s in its June meeting to take on “Bring a Problem’ night. With one very large complex problem presented from the team at John Holland Group asking the question, ‘How does an organisation that covers a large regional footprint with complex assets (e.g., Large Utility etc) best engage the large asset delivery workforce to ensure ownership of the desired outcomes?’ See the problem submitted in visual format here.

  • Symposium Registrations now open

    Sympoisum 2018 Registrations Open CroppedWe're excited to announce that registrations are now open for this year's symposium! This year's symposium will focus on Asset Management in Government and aims to bring representatives from various state governments together to share experiences and challenges in Asset Management and provide a forum for information sharing.

    Some items on the program include:

  • Systems Engineering in Public Transport

    Melbourne 6 AugustIn a joint event last night between the AMCouncil and SESA (Systems Engineering Society of Australia) we brought together the philosophies and disciplines of Asset Management and Systems Engineering in Public Transport. It was interesting hearing different perspectives from panellists Len Neist, Anthea Antonio, Heather Moody and Paul O'Hallaron as they touched on using both asset management and systems engineering to break down any silos and to better understand and address the interfaces and interdependencies.

  • Tassie Asset Management Seminar

    Tasmania 14 November 2018A fantastic technical seminar was enjoyed yesterday by asset management professionals from across Tasmania. A big thanks to Jason Carter, Terry Gleeson and Adrian Tanner for their engaging and informative presentations. Look out for more great events like this in 2019!

    You can view one the presentations shared during the session at the following link: (Content available for members only. To see our affordable membership options, visit here).

    Asset Strategies for the Maintenance and Replacement of Assets - Adrian Tanner

     

     

     

  • TC251 Alignment of AM, Finance, Accounting Guidance (ISO55010) Working Group Update

    AMCouncil AMBoK Team Member, Martin Kerr, represented the Asset Management Council at the ISO TC251 (ISO5500x) committee meeting in Amersfoort, The Netherlands 22nd to 26th October 2018.    

    TC251 is a technical committee (TC) that looks after the ISO55xxx suite of documents. The committee is made up of several working groups, one of which is looking at guidance on alignment of asset management, finance and accounting into standard ISO55010 under the auspice of Working Group 5, WG5.

  • TC251 Communications and Marketing Working Group Update

    AMCouncil AMBoK Team Member, Martin Kerr, represented the Asset Management Council at the ISO TC251 (ISO5500x) committee meeting in Amersfoort, The Netherlands 22nd to 26th October 2018.    

    TC251 is a technical committee (TC) that looks after the ISO55xxx suite of documents. The committee is made up of several working groups, one of which is looking at Communications and Marketing under the auspice of Working Group 3, WG3.

  • TC251 Product Development Working Group Update

    AMCouncil AMBoK Team Member, Martin Kerr, represented the Asset Management Council at the ISO TC251 (ISO5500x) committee meeting in Amersfoort, The Netherlands 22nd to 26th October 2018.    

    TC251 is a technical committee (TC) that looks after the ISO55xxx suite of documents. The committee is made up of several working groups, one of which is looking at Product Development under the auspice of Working Group 4, WG4.

  • TC251 Review of ISO55002 and Annex SL Working Group Update

    AMCouncil AMBoK Team Member, Martin Kerr, represented the Asset Management Council at the ISO TC251 (ISO5500x) committee meeting in Amersfoort, The Netherlands 22nd to 26th October 2018.    

    TC251 is a technical committee (TC) that looks after the ISO55xxx suite of documents. The committee is made up of several working groups, one of which is looking at review of ISO55002 and Annex SL under the auspice of Working Group 6, WG6.

  • Thanks for attending, Melbourne

    ISOTC251The Melbourne chapter hosted an information session on the recent work of the TC251 standards committee last Thursday. Tom Carpenter, an AMC Board member and the Professionals Australia representative on TC251, explained the challenges the committee has been embracing to provide asset managers with additional material on value. Probably one of the more perplexing concepts for asset managers is making choices about value measurement. The TC251 committee has explored several options for measuring value in the next draft of the ISO 5500 Standards, including financial, safety, social and environmental parameters. AMC and EA members in Melbourne were enthusiastic with questions and feedback about the work of the TC251 committee and the more general work on asset management standards.

  • The Asset Management Value Proposition

    money 2724241 1920The Melbourne Chapter got together for a session last Thursday, 16 November to talk about the Asset Management Value Proposition. John Dyer, AusNet Services, and Tim Gowland, Energy Safe Victoria, explored more about the value being delivered in AusNet Services and the electricity industry more generally through asset management. The general consenis was that, for Asset Management to add value, the benefits must be greater than the cost (from the view of the stakeholder).

    To obtain a copy of John's presentation shared at this session, please visit here. (This content is available for members only, see our affordable membership options here).