Latest Blog Entries
- Perth Chapter Christmas Function 12th December 2014
- Newcastle Chapter Annual General Meeting & Networking Dinner
- MEDIA RELEASE: Get Involved in Your Local Chapter
- Get Involved in Your Local Asset Management Council Chapter
- New AM Council Members - 24th November 2014
- MEDIA RELEASE: Latest Thinking, Technical Information and Industry Developments via AM Council
The Global Forum on Maintenance and Asset Management (GFMAM) recently came together on the Gold Coast Australia to progress the global projects being developed by the GFMAM and to discuss the international standard for Asset Management.
John Hardwick, who was recently appointed Chairman of the GFMAM said “The asset management discipline has rapidly grown over the past ten years and a number of approaches and models have been developed across the world. The GFMAM projects will support the common approach that the international Standard will provide and will equip organisations to begin the move towards this new approach.”
Our official publication Framework for Asset Management Body of Knowledge is one technical resource now available for members in our Members-only area of the website.
Keep reading for an excerpt from the publication…
One technical resource tool now available for members in our Members-only area of the website is our official publication - Framework for Asset Management Body of Knowledge.
A capability is the inherent function of a physical asset or organisation. To enable a consistent approach, Capabilities are usually described as Verb Noun set. In that way also, Capabilities can be readily associated with the required Output (the second Key Principle of asset management) and the Level of Assurance (the third Key Principle).
So how many capabilities or functions does the pencil photographed have?
As a start, consider that the pencil, its functions/output and Level of Assurance can be described in the following way, namely:
- As kindling for fire – thus the function is “supply heat” with an associated performance of “150 BTUs” with a confidence of 95% probability that the output will be delivered, when required.
- As an implement to write - thus the function is “provide a legible mark” with an associated performance of “0.2mm in width and 4km length” with a confidence of 95% probability that the output will be delivered, when required.
From 28 February – 4 March 2011, the first meeting of the International Standards Organisation Project Committee ISO PC251 was held in Melbourne, Australia.
The ISO PC251 Committee’s role is to develop the proposed ISO Standard for Asset Management and was established in August 2010 by the ISO Technical Management Board (ISO/TMB). The Committee includes representatives from 23 peak asset management organisations including Australia, Austria, Canada, Czech Republic, Finland, Japan, USA, France, UK, Portugal, Sweden, and Netherlands - all of whom opted in to support the proposed Standard.