What does Australia want from an Asset Management Standard?

by | Mar 31, 2010 | AMBOK Standards

Australia’s participation in the development of an international standard for asset management sees a team of representatives from peak Australian bodies forming an ‘Australian Development Team’. The role of each peak body is to properly represent its constituency and also to effectively communicate and discuss project progress with its stakeholders. This team has been formed, and is managed, by Standards Australia.

 

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Standards Background

By Derek Perkins

How is Australia involved?

Australia, like any other country, has been invited to participate in the ISO AM development process. Participation is via the “National” Standards committee, Standards Australia in this instance.

Standards Australia (SA) invited Dr Melinda Hodkiewicz to the role of coordinating the development of the ‘business case’ for participation in the ISO development process. Derek Perkins agreed to deputise in the development/coordination work if Dr Melinda Hodkiewicz was unavailable.

The Institute of Asset Management (IAM) led the development of a Publicly Available Specification (PAS) for Asset Management with the British Standards Institution (BSI). The first PAS for asset management, PAS 55, was published in 2004. PAS 55 is applicable to organisations where physical assets are a key or a critical factor in achieving its business goals.

PAS 55:2008 was developed and published to encapsulate a more diverse background (over 49 organisations from 15 industries in 10 different countries) to increase international consensus about required good practices in the management of physical assets.

In July 2009 BSI submitted a proposal to ISO for a family of 3 international standards to be prepared concerning:

  • Asset management – Overview, principles and terminology
  • Asset management – Requirements
  • Asset management – Guidelines on the application of ISO XXX (where XXX represents the number of the proposed “Requirements” standard)

A new work item proposal (NWIP) was submitted to the global members of ISO for a ballot which closed in November 2009. ISO through its technical management board (TMD) passed a resolution which requires BSI to organize a preliminary meeting (scheduled for 26-29 April) and to provide the TMB with a report and recommendations of the meeting. Amongst other things the purpose of the meeting is to review the comments received from the NWIP ballot.

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