The Asset Journal is the Asset Management Council’s official publication.

Commencing in 2007, this quarterly Journal continues to cover the latest asset management and maintenance topics for its members and the wider asset management and maintenance community. It contains technical articles, tutorials, informal articles about current issues in asset management, chapter news, and updates from the CEO and Chairman.

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From the Editor-in-Chief

The Asset Journal, Volume 11, Issue 2

EKrauss

With another very successful AMPEAK Conference in Brisbane concluded, we can look back on many learning points taken from the Conference. It is interesting to note there are many topics that are still not too clear in the collective minds of Organisations and globally. Foremost among them are the questions of 'alignment to', 'compliance with' or 'certified to' ISO 5500. Connected with these topics arises also the question about value determination for Asset Management and the Maturity problem. These topics will require more discussion and collection of experience globally and in Australia to provide a more conclusive body of reference in the future.

The GFMAM members that were present at AMPEAK confirmed that these topics are specifically of interest in those countries where Organisations have embarked on the Asset Management Journey. In this issue of "The Asset" we selected some experiences with Asset Management from overseas, with focus on sharing tactical as well as organisational experience.

Meanwhile, the work on the revision of ISO 5500x is continuing in the standards committees as is the work on revising and aligning with ISO 5500x the Systems Engineering Standard and the Dependability Standards. A milestone for the Asset Management Council and the AM Body of Knowledge is the release of the Asset Management Council Maturity Model that was launched at AMPEAK. The novel approach to Maturity assessment embodied within the methodology aims to not only assess maturity in the constituent segments of Asset Management and the Organisation, but also to assess the degree of integration of Asset Management in the processes supporting the Organisation. More detail is available on the website.

We have also compiled a table of the topics for the forthcoming issues of "The Asset". We trust this not only provide value to our readers but assist Authors in preparing submissions. Many of these topics are related to the present questions about value, structure and implementation as as well as to creating a relevant, sustainable and successful Asset Management System in Organisations. As always, we value you your feedback and input.

Ernst Krauss

Editor in Chief 

theasset@amcouncil.com.au 

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