Big Data. Big Discussion.
Learn how to manage, decipher, and utilize your Big Data at this symposium – Oct. 23
Organisational Certification
Having your organisation certified in asset management represents a significant milestone for any small business, large corporation, or organised body related to asset management. A few benefits of organisational certification are as follows: improved understanding of your organisational capability, ability to benchmark your organisation against competitors, and improved bottom lines.
Through the Asset Management Council, organisations may be certified in either of the following ways:
Company-Wide Individual Certification – Each eligible employee within the organization is individually certified in asset management, a title they will hold throughout their career.
Comprehensive Organizational Certification – The entire organization’s asset management systems are reviewed and the company is given feedback as a whole.
Company-Wide Individual Certification
The Asset Management Council offers four levels of certification for asset management practitioners at an individual level. They are as follows:
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- Certified Associate in Asset Management – CAAM
- Certified Practitioner in Asset Management – CPAM
- Certified Senior Practitioner in Asset Management – CSAM
- Certified Fellow in Asset Management – CFAM
- Certified Asset Management Asessor – CAMA
- CAMA certification is based on GFMAM competencies, ISO 55001, and is an approved certification for JAS-ANZ
The AM Council’s individual certification scheme is internationally recognized. For more information on individual certification, please visit amcouncil.com.au/certification/
Comprehensive Organizational Certification
The Asset Management Council offers comprehensive organisational certification in conjunction with our Asset Management Award (AMA) platform.
Within this platform, companies are assessed on their overall asset management systems and processes. The review begins when the organisation submits a formal written document about their current asset management procedures, upon which the AM Council’s Review Team will perform an on-site inspection and analysis of the corporation to determine capability within the following criteria:
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- Management and Leadership
- Asset Management Culture
- Asset Acquisition
- Asset Management Plan Development
- Asset Management Plan Implementation
- Performance evaluation
- Analysis and improvement.
Each category is reviewed based on approach, organisational process, results, and improvement. Following this analysis, the Review Team compiles a comprehensive report of the organisation’s asset management systems, including a rating against each of the review criteria, overall strengths & opportunities, and a benchmark against the AM Council’s Levels of Achievement (Bronze, Silver, Gold or Platinum).
Should corporations wish to do so, certification also allows for the following public promotional opportunities: a formal presentation at the Asset Management Council’s annual Awards Ceremony, announcements in the The Asset Journal, an announcement in the AM Council’s monthly newsletter, and announcements in the Asset Management Council’s online blog.
For more information on organizational certification, please download the application handbook.
ISO 55000
The International Standards Organisation (ISO) 5500X Asset Management suite was released in 2014 and is comprised of three standards, namely:
• ISO 55000 Asset management – Overview, principles and terminology;
• ISO 55001 Asset management – Management systems – Requirements; and
• ISO 55002 Asset management – Management systems – Guidelines for the application of ISO 55001.
The importance of asset management has not only been reinforced by these standards, but there is now a clear and broadly accepted definition of assets, their business context and the requirements of an asset management system because of these standards. ISO 55001 identifies the requirements of a management system (for the management of assets) and clearly positions asset management as a key element of the broader business management system including, but not limited to, safety management, people management and financial management.
In 2012-2013, directly before the publication of ISO 55000, the Asset Management Council actively participated in the ISO committee (ISO PC 251) to create these standards for asset management. The Asset Management Council intends to be at the forefront of assisting members and the broader community in the implementation of these ISO standards, and in order to do so we have created a Companion Guide to ISO 55001.
AMBoK Publication 001: Companion Guide to ISO 55001 is designed to:
• Provide clarity on the scope of the ISO 5500X Suite of Standards;
• Aassist with the interpretation of requirements of the standards;
• Provide guidance to organisations on typical criteria evidence to meet the requirements of ISO 55000 and 55001; and
• Act as a record of the current status of requirements for the purpose of collecting broader stakeholder input.
The guide is available for purchase by clicking the following link: http://www.amcouncil.com.au/member/store.aspx
Also, for the full ISO 55000 document, please visit ISO’s website, here: http://www.iso.org/iso/home.htm
Upcoming Webinars
Register for webinars individually below.
Previous webinars can be searched for by topic / title / speaker at www.amcouncil.com.au/search
February
Managing Data as an Asset
Hosted by the AMCouncil & ALN
Date: Wednesday 8 February 2023
Time: 7am AEST (1 hour)
Speakers: John Hardwick, Executive Director for Asset Management at Transport for New South Wales; and Kimon Onuma, President of Onuma, Inc., a consultant to California Community Colleges and it’s Los Angeles Community College District.
Details: This session will focus on how strategic decisions about addressing data as an asset, enable the delivery of customer outcomes, through asset management.
Click here to register
March
Digitally transform your shutdown events to get more from your assets
Hosted by the MRiAM SIG
Date: Thursday 30 March 2023
Time: 12pm AEST (1 hour)
Speakers: Andrew Attrill, Director and Co-founder, Minset; Ashkan Shamir, Founder and Managing Director, IMMS; Matt Smith, Chief Executive Officer and Founder, MyPass; Simon Anthonisz, Chief Operating Officer, Orcoda
Details: Learn about the concepts, tools, and techniques they can use to reduce the frequency of shutdown events without sacrificing safety, work quality, or environmental outcomes.
Stay Connected
AM Council membership is tax deductible! Remember to renew your membership before the tax deadline at the end of this month!
Latest Program now available
The latest program for AMPEAK, Asset Management Conference 2015 is now available!
The program includes a line-up of top international speakers from countries including the United States, Canada, Malaysia, Indonesia, South Africa and Ireland.
The final version of the program will be available in the next couple of week’s time so keep checking back for regular updates.
Register Online. Click here to login and register