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.)

A Unique Solution for Asset Management

Slide 1 Dr Yvonne PowerThe Asset Management Council was pleased to present the first in a fortnightly 'Asset Management in Action' series, showcasing projects from our Excellence Awards finalists during AMPEAK16 and 17. The series kicked off with a powerful presentation by Dr Yvonne Power who spoke about the development of a simplified approach for asset integrity management across the Energy and Natural Resources sector.With over 50 registrations, it proved to be a popular event and many took the opportunity to ask Dr Power about her groundbreaking project at the end of the session.

View a recording of Dr Power'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.)

For information on other sessions in this series visit: here.

The (40 Year) Cycle of Life

RMITFor RMIT, a robust life cycle program is crucial to ensuring that facilities operate at peak functionality, providing reliability for students and staff. A well designed life cycle program has the potential to extend the life of assets and reduce replacement periods and cost.

The management of physical assets is a core business activity for RMIT, integral to extending the effective life of assets which need to be designed, acquired and maintained with careful consideration. The development of the Australian campus life cycle model and the initiation of a more comprehensive asset management approach to maintenance within property services will improve asset data at RMIT to support a comprehensive maintenance planning framework that has previously been lacking.

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