Asset Management in Space

Saving Space with a ToothbrushWhat an interesting time we had when Andrea Boyd joined us for a lunchtime webinar discussion earlier this month, on the 21st September. Andrea, stationed at the European Space Agency, shared insights into daily life on the International Space Stations, what astronaut training is like, future plans for space exploration and more. We even learned all about how a toothbrush was used to save space!

As part of this presentation, brought to you by the Women in Asset Management group (WiAM), we donated all proceeds from this webinar to our nominated charity, beyondblue. The Asset Management Council offered to match dollar for dollar the monies earned, and were very pleased to present beyondblue with a total donation of $660.

WiAM is a passionate group of Asset Managers who are keen to show the benefits of asset management in providing diversity in the workplace. An online community has been established for WiAM for anyone with an interest in workplace diversity. Sign up to the online community to receive information and newsletters here.

Advancing Decision Support in Asset Management

Slide 1The Asset Management Council was pleased to present the second in a fortnightly 'Asset Management in Action' series, showcasing projects from our Excellence Awards finalists during AMPEAK16 and 17, held on the 26th September.

Another insightful presentation, this time by Mike Schulzer, Principal Engineer - Asset Management Systems, for ActewAGL who spoke about how they developed a system of applications that align to provide their asset managers with the decision support to optimise the management of critical assets on a whole-of-life basis.

Over 40 people from around Australia and the globe took keen interest in hearing about this project and had lots of questions for Mike at the end of the broadcast.

View a recording of Mike's presentation here, on the latest addition to our website - AMC-TV. (This content is available for members only, see our affordable membership options here.)

Our next webinar will take place on the 10th October. David Scott from Wave Digital will be presenting on his project, System Integration & Data Visualisation Framework for South East Water. For information on this and other sessions in this series visit here.

Value through Asset Management - what words spring to mind?

sydney word cloudThis question was put to the audience during the latest 20th September Sydney chapter event and you can see the what they came up with in the word-cloud attached to this post. This was just the start of an open discussion, full of tangible examples of and ideas for value improvement for stakeholders through asset management, which centred around core elements from the ISO 5500x global standards suite for Asset Management - leadership, planning, support and operation.

The introductory talk from Kevin Young, CEO of Sydney Water, proved very interesting as he spoke about what he has found in his look at overseas utilities and how that is shaping his views on the customer-centric approach to Asset Management at Sydney Water.

We look forward to the next chapter event in Sydney coming up on Thursday, 19th October, 2017 around Shattering the Silos: Collaboration through Asset Management. With a great line up of presenters from Sydney Trains, Sydney Water and the NSW Department of Defence, it is sure to be another interesting event. For further information and to register for this event, please visit here.

Asset Management Accountability Framework: Lessons to Date

AMAFThe Melbourne chapter recently hosted a group of fifty people interested in sharing experiences with the implementation of the Victorian State government's Asset Management Accountability Framework. With guest speakers from the emergency services sector and additional commentary from attendees, the session was constructive and highly informative.

The second part of the evening was devoted to an introduction to the CAMA examination and a call to arms for Melbourne chapter members to participate in the re-development of the exam questions. Sally Nugent, from World Partners in Asset Management (WPiAM) explained the structure and approach for development of the existing question set and set the scene for a workshop on 12th October for Melbourne chapter members to contribute new questions for the CAMA question bank.

To register to be part of this exciting CAMA Exam Question Workshop opportunity next week, please visit here for further details.

Sparking up the Electricity Sector with a Linear Platform

Pylon PictureDiscover how Queensland University of Technology (QUT) successfully developed a risk-based predictive model to aid decision makers in Transmission Network Assets (TNA) with their often sensitive and highly complex replacement and refurbishment assessments and evaluations.

Decision making surrounding the replacement and/or refurbishment of electricity network assets requires significant investment from service providers. Numerous factors and high-quality predictions regarding future risks must be assessed, including structure characteristics, voltage, load, and the operating environment. QUT's LinEAR platform (Linear Engineering Asset Renewal tools) enables 'what-if' analysis for different maintenance scenarios and has the potential to benefit evidence-based budgeting, cost/benefit optimisation and quantitative justification for decisions by predicting unplanned maintenance actions.

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