The Asset Journal, Volume 12, Issue 1
AMPEAK is getting close. No doubt you already made arrangements to participate in this important Conference about all aspects of Asset Management. Key topics are this year about sustainability and systems enabling Asset Management. While many that begin the Asset Management journey are clear about the need for continuation and sustaining the system, often it is encountered that the appetite for continuing on the Asset Management journey is short lived. In my observation of Asset Management System implementation, it is not always clear why an Organisation wishes to implement an Asset Management System. This creates uncertainty and insecurity with those that are to deliver this System. It is of greatest importance to understand the "WHY" of Asset Management in an organisation, which then provides the opportunity to capture the way forward that leads to real sustainability. It also means that there needs to be a strategic view of the development of the Asset Management System.
The promise of sustainable benefits requires clarity in all aspects of the Asset Management System and the reasons for implementation. This promise is influenced by many internal and external influences that can at times not be anticipated, but their impact could be mitigated through ensuring a sustainable future. Market research, clarity of technology adoption and changes in societal needs are influences that challenge many organisations and their Leadership teams.
We currently experience an exciting step into new technology territory through the Internet of Asset Management, the Internet of Maintenance, and similar developments, bringing integrated design and operations closer to reality. Adaptive thinking and direction setting is a difficult concept to implement but is an important part of an Asset Management System and to ensure its sustainability. Adaptive thinking is in itself a concept that encourages option evaluation, an important part of the Asset Management delivery. Business flexibility in anticipation of changes and market conditions to avoid reactive adaption to new situations that result in market share losses or creates competitive disadvantages will be of increasing importance. If we implement Asset Management as a business improvement system and use change management principles to create the understanding across the organisation, the signs are good that sustainability will be achieved. The added ingredient of adaptive processes will further ensure success. This edition of the Journal explores these critically important topics. We trust you enjoy the content and encourage you, as always, to provide feedback. Please come and say hello to the Journal team when you visit AMPEAK in Hobart.
Editor in Chief