asset management

  • 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).

  • The Enhanced Problem Solving Team at Shell

    Tanya Thumbnail for blogWhy do we keep solving the same problems more than once?  Traditionally problems are solved by an individual or a small team often overwhelmed by many daily problems meaning that time and attention is limited. 

    Once problems are solved, the actions and solutions are typically shared with a small population with the expectation that they will be implemented.  What checks and balances are in place to ensure the correct solution?

  • The new ISO55002

    ISO55002ISO55002 has been significantly expanded and now includes:

    • Detailed guidance for every clause of the 55001 requirements document, including clarification of the contribution of each requirement to the four ’fundamentals’ of asset management: value, alignment, leadership and assurance;

  • Themes of Asset Management

    James Price Symp

    During the Asset Management Council’s recent Asset Management in Government Symposium, held on Friday 4th October at the Pan Pacific Melbourne on the picturesque South Wharf, there were key themes that sprang from each speaker. Read on to learn more about the day and the speakers’ themes.

  • Tunnelling – it’s not all boring!

    Tunnel

    Melbourne’s underground transport network is a creeping network. For those of us above-ground, we take little notice that, when standing in the CBD, there is so much going on beneath the surface. Because we give nary a second thought to the network underfoot, equally forgivable is the fact that most of us probably don’t know the half of what is involved with tunnelling itself.

    So, is there more to making a tunnel than burrowing? You betcha there is!

  • Understanding Risks & Asset Assessment Process for WTP Aeration Assets (Control of Legionella)

    Capture

    In 2014, the Water Corporation instigated the “Legionella High Level Risk Assessment Initiative” (LHLRAI), a prioritised work plan to capture cooling tower assets subject to AS3666.1-4 and the Department of Health WA requirements for assessing Legionella risk (Code Of Practice, 2014). As part of this initiative, inclusion of other “aeration” type assets such as plate aerators and spray basins were assessed and the outcomes compared with compliance against national and available industry best practice standards.

  • Unlock the Value of Asset Management

    BLOG 17Think asset management is just for engineers? Think again. Advanced organisation are increasingly realising that asset management maturity is critical to future operational, reputational and financial success. Discover how effective asset management provides a way of maximising value while balancing cost and risk associated with operation.

    As digital transformation continues to have a profound impact on the way companies monitor, measure and manage performance, operational assets are themselves becoming more networked, intelligent and efficient.  

    Read more here. (This content is available for members only, see our affordable membership options here).

  • Upcoming Complex Systems Leadership Workshop

    Complex SystemsThe AMCouncil is proud to support the upcoming Complex Systems Leadership Workshop in Sydney which will provide engineers with skills to address leadership which recognises the rapidly changing engineering business environment.

  • Upcoming Webinars

    Learn at LunchWith three main webinar series this year, there's sure to be something for everyone. Tune in to:

    1. The Learning Hour brought to you by our Young Asset Management Practioners (YAMP) special interest group

    2. Lunch and Learn, brought to you by our Women in Asset Management (WiAM) special interest group

    3. Share Your Story, brought to you by The Asset Management Council