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The Asset Journal

Delivered across Australia and available online, the Asset Journal is the AM Council’s official publication boasting topical information on the latest news and developments in asset management and maintenance engineering.

The quarterly journal is respected as an authoritative source of information, containing technical articles, tutorials, and informal articles about current issues in asset management. It also contains information direct from the AM Council – including Local Chapter and Special Interest Group news, and updates from the Editor and Chair.

Current issue

From the Editor-in-Chief

The Asset Journal, Volume 18, Issue 1

EKrauss

AMPEAK is here again! We trust you will enjoy the experience of this important Conference and take some inspiration away for your own Asset Management practice. We as a society are increasingly conscious about the need for better Infrastructure which in turn will increase our Standard of living. Whether it be better recreational facilities, Road Infrastructure, improvement to Beaches, or indeed National Parks, all contribute to the way we live and wish to live.

I am reminded when thinking about Infrastructure, of Dr. Penny Burns’ recurring question about this topic: “Do we need it, when we build it, can we afford to keep it?”. This is of course a question that often invokes emotional responses, either in the affirmative or the opposite. Many Councils in Australia and overseas work hard to figure out what can be done to increase transparency of investments and decisions made about their Asset base. We find many Strategic Asset Management Plans being developed and shared with Ratepayers. These plans are often underpinned by the supporting Asset Management Plans.  What is not often transparent or visible is the way decisions are made.

Asset Management is largely a framework that underpins decisions. The absence of an Asset Management Framework can lead to unwanted or ‘unloved’ public Assets. The iconic Australian world famous building, The Sydney Opera House, worldwide acclaimed as one of the 20th Century’s most distinctive Buildings, comes to mind which spent its first almost thirty years with no maintenance and improvement plans in place. I am sure you have many more examples you have observed that fit this pattern.

There is another pattern discernible by my observation: When Industry suffers from phenomena like recession, Government steps in and makes funding available to improve Infrastructure. This often unleashes several Infrastructure projects around the Country that Agencies have been decided on some time ago, awaiting opportunities to realise such projects, but at times the need is not re-affirmed or the practicality in the changed environment insufficiently researched. This is not intended as a criticism, just an observation. Investment in Infrastructure always requires capital. When new Infrastructure does not receive the required maintenance, more capital is required to either rectify the decay or invest in replacement.

Such expenditure and investment decisions typically involve Finance or Accounting, which highlights the need to closely work together across the various disciplines involved in developing and managing Infrastructure and delivering sustainable Assets. AMPEAK 2024 provides some experiences in the Infrastructure sector by practitioners that succeeded, and in some cases may not have, to coordinate Asset Planning and life cycle management.

In the Journal, you can also find some specific experiences, which date back to the first questions about Asset Management, asked by Dr. Penny Burns, an Australian Economist who summarised her subject experience over the last few decades in her recently released book “The Asset Management Story”. Of course, many members of the Asset Management Council will also be available to answer questions you may have during AMPEAK.

The editorial team wishes you a profitable and valuable experience at the AMPEAK Conference. We look forward to your feedback!Editor in Chief

theasset@amcouncil.com.au

    The Asset Journal Issues

    Volume 18, Issue 1 Download PDF
    Volume 17, Issue 4 Download PDF Volume 17, Issue 3 Download PDF
    Volume 17, Issue 2 Download PDF Volume 17, Issue 1 Download PDF
    Volume 16, Issue 4 Download PDF Volume 16, Issue 3 Download PDF
    Volume 16, Issue 2 Download PDF Volume 16, Issue 1 Download PDF
    Volume 15, Issue 4 View Online | PDF Volume 15, Issue 3 View Online | PDF
    Volume 15, Issue 2 View Online | PDF Volume 15, Issue 1 View Online | PDF
    Volume 14, Issue 4 View Online | PDF Volume 14, Issue 3 View Online | PDF
    Volume 14, Issue 2 View Online | PDF Volume 14, Issue 1 View Online | PDF
    Volume 13, Issue 4 View Online | PDF Volume 13, Issue 3 View Online | PDF
    Volume 13, Issue 2 View Online | PDF Volume 13, Issue 1 View Online | PDF
    Volume 12, Issue 4 View Online | PDF Volume 12, Issue 3 View Online | PDF
    Volume 12, Issue 2 View Online | PDF Volume 12, Issue 1 View Online | PDF
    Volume 11, Issue 4 View Online | PDF Volume 11, Issue 3 View Online | PDF
    Volume 11, Issue 2 View Online | PDF Volume 11, Issue 1 View Online | PDF
    Volume 10, Issue 4 View Online | PDF Volume 10, Issue 3 View Online | PDF
    Volume 10, Issue 2 View Online | PDF Volume 10, Issue 1 View Online | PDF
    Volume 9, Issue 4 View Online | PDF Volume 9, Issue 3 View Online | PDF
    Volume 9, Issue 2 View Online | PDF Volume 9, Issue 1 View Online | PDF
    Volume 8, Issue 4 Download PDF Volume 8, Issue 3 Download PDF
    Volume 8, Issue 2 Download PDF Volume 8, Issue 1 Download PDF
    Volume 7, Issue 4 Download PDF Volume 7, Issue 3 Download PDF
    Volume 7, Issue 2 Download PDF Volume 7, Issue 1 Download PDF
    Volume 6, Issue 4 Download PDF Volume 6, Issue 3 Download PDF
    Volume 6, Issue 2 Download PDF Volume 6, Issue 1 Download PDF
    Volume 5, Issue 3 Download PDF Volume 5, Issue 2 Download PDF
    Volume 5, Issue 1 Download PDF Volume 4, Issue 1 Download PDF
    Volume 3, Issue 1 Download PDF Volume 2, Issue 1 Download PDF
    Volume 1, Issue 2 Download PDF Volume 1, Issue 1 Download PDF

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