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.

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Perth talks Financials 101

DSC08999People from all around Australia watched on as Perth broadcasted their technical meet last night (a first for AMCouncil which we hope to do more of!) when Felicia Wong from Frontal Business Consultants explained how to understand, analyse and interpret financial statements using key ratios. The ability to understand financial statements is one of the imporant skills that will be condered favourably for upward career-mobility, and many people - both at the event and online - took the opportunity to learn more about it.

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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.