On Friday, October 13th, the Asset Management Council hosted a thought-provoking symposium on ‘Integrating Asset Management into an Organisation.’ We extend our sincere gratitude to all the participants who made this event a resounding success. The symposium was a gathering of brilliant minds, fostering insightful discussions and sharing invaluable perspectives on the world of asset management.
Quotes from LinkedIn: Let’s hear from some of the participants who shared their thoughts about the symposium on LinkedIn:
- James Caws: “Great conversation and some provocative questions going to the panellists at Friday’s Asset Management Council symposium, “Integrating asset management into an organisation”. What’s the elevator pitch for asset management? How do you explain asset management to someone who doesn’t know anything about it? How do you sell the benefits of asset management to the board and senior management? With the panel predicting that in 20 years there’ll be someone with an asset management skillset on every board, but conceding that right now there’s a skills shortage in the discipline, some of the conversation echoed that of the cyber security world right now. I think the stage has been well and truly set for #AMPEAK24 in Adelaide (14-17 April) – Navigating the Future in Asset Management.”
- Andrew Cox: “Thanks to the Asset Management Council for organising the well attended conference this Friday and Saturday. Friday was really interesting to hear how other organisations are integrating management systems within their business and the time it takes to realise tangible value from those efforts. Thanks Rami Affan for Facilitating. Saturday we learnt about the process to develop the latest versions of the ISO5500X standards, the GFMAM landscape and the benefits and opportunities coming out of those activities.”
- Shine Salur: “I had the privilege of attending the insightful two-day event hosted by the Asset Management Council and representing Service Stream “. Day 1 at the Annual Asset Management Symposium, held at the State Library Victoria, delved into the critical theme of “Integrating Asset Management into an Organisation.” The discussions highlighted challenges concerning skill sets, C-suite comprehension of asset management’s value, and the need for cohesive management systems integration. Notably, we explored the complexity of language differences across various industry sectors, working towards a unified understanding at all levels. The conversations also shed light on the challenges arising from competing roles within businesses due to silo working. We discussed how these isolated operational silos often hinder effective collaboration and comprehensive asset management strategies. The need for cohesive alignment and streamlined communication across departments emerged as a critical focal point, underscoring the importance of breaking down these silos to foster a more integrated and efficient business framework. The second day featured a dynamic technical workshop focusing on the GFMAM – Global Forum on Maintenance and Asset Management landscape and proposed changes to ISO 55001 requirements, offering diverse perspectives to shape the AMC’s various models. It was truly a rewarding experience to witness passionate individuals sharing their insights, grappling with challenges, and envisioning a better industry landscape. I extend my heartfelt gratitude to all those involved in fostering industry knowledge sharing and education. Here’s to more collaborative efforts aimed at shaping a robust future for asset management.”
- Tom Carpenter: “A fantastic Symposium organised by the Asset Management Council last Friday, focused on Implementation of Asset Management into Organisations. It was great to team up with Michael McLean to deliver a joint presentation on Integrated Management System approaches. Michael is a member of ISO TC 176 (Technical Committee for ISO 900#) and convenor of the author group for the ISO handbook on Integrated Management Systems. It was great to be able to share our experiences working together to deliver outcomes for multiple organisations. Congratulations to the AMCouncil for a well organised day and the great presentations from other presenters.”
The Asset Management Council symposium was a tremendous success, thanks to the engagement and wisdom shared by participants. It reaffirmed the importance of integrating asset management into the core of an organisation’s strategy and operations. As we move forward, let’s carry these valuable insights into our respective organisations, driving positive change and innovation in the field of asset management.
We look forward to future symposiums and further collaborations. Thank you to everyone who contributed to this memorable event!
For more photos from the event visit: 2023 Melbourne Symposium Photos