Government Community of Practice

Background

This forum was created in order for AM professionals in government bodies to convene, share, and grow their asset management skills and knowledge. It acts as a single meeting place for government professionals in asset management, bringing together and establishing connections that may have otherwise not been available.

Goals of the CoP

  • Bring together a group of like-minded professionals in government asset management
  • Share knowledge, experiences, and case studies in order to learn
  • Create strategies for implementing and improving current challenges in asset management in government departments
  • Help government bodies develop and enhance their asset management practice starting from the planning phase through to the retirement phase

Key meeting places of the CoP

The Sydney, Peth, Melbourne, Brisbane, and Hobart chapters will each hold government CoP events annually. To enquire about these events, please email the respective chapter chair.
For those who subscribe, a monthly newsletter will be emailed, containing all government-sector news in the asset management sphere.

NSW and VIC

It is widely acknowledged nowadays that the most effective way for an enterprise to build value is through asset management. Its principles are far-reaching and its benefits extend into all sectors and disciplines, from large engineering assets to art galleries, transport to defence, public parks to energy, and buildings to data.

The state governments of NSW and Victoria have published directives and guidelines for those working in asset management within the public sector.  

NSW:

The NSW government published the Asset Management Policy to drive and strengthen asset management through accountability, performance and capability across the sector. Please click here to be taken to the relevant webpage.

Infrastructure NSW have released a template for Strategic Asset Management Plan (SAMP).

VIC:

In Victoria, the Asset Management Accountability Framework (AMAF) provides guidance into compliance and capability for agencies responsible for publicly owned assets. In addition, the AMAF details mandatory asset management requirements across the four key stages of an asset’s lifecycle:

  • Planning
  • Acquisition
  • Operation and Maintenance
  • Disposal

Each government department is responsible for its own asset management plan and strategy. Any further information, including guidance on implementation and asset management maturity assessments relating to the AMAF can be accessed here.  

The Standing Directions 2018, under the Financial Management Act 1994 (FMA) sets the standard for financial management by Victorian Government agencies. In February 2021, the FMA underwent revisions to incorporate significant modernisation to financial management regime and operations.

Connect with our Government Communities of Practice Special Interest Group for networking opportunities and events targeted towards asset management strategies in government infrastructure and publicly owned assets.

Become a member of the Asset Management Council today! You’ll receive immediate benefits, such as CDP points, free access to our database of technical papers and our informative webinar series, reduced rates at our events and conferences, and much more. Learn more about membership rates by clicking here.

Visit Forum


Events

Projects