The Asset Jounral

  • Building an Asset Management System Framework

    System FrameworkAn asset management system is a set of complex processes and interactions to plan and control asset related activites. The asset management framework, whilst not an explicit requirement of ISO 55001, sets out to help define what the organisation's functioning asset management system looks like.

  • December Meeting Point out now

    December News

    AMCouncil December e-news is out now, the last one for 2018, packed with all the latest and greating AMCouncil happenings and news from the past month, including links to fantastic articles on:

    - Sydney Trains Asset Management System & ISO 55001:2014;

  • Implementing an AM System in a Mature Workplace Culture

    ImplementationWhile the requirements of ISO55001:2014 Asset Management are the same for every organisation, the approaches used to implement an effective asset management system are not.

    All organisations have unique characteristics dependant on, for example, size, industry, activity and leadership. The maturity of the organisation is one such characteristic.

  • Improving Profits Using Data

    Imrproving Profits Using DataAsset-intensive industries continually strive to improve profitability while at the same time reducing business risk and expenditure. Today's financial climate and market competition require organisations to improve productivity and asset performance with less resources and capital. A recent study indicated that around 47% of organisations associated the inability to achieve asset management goals with the 'lack of visibility into actual asset condition and performances'. To read the rest of the article co-written by Mustapha El Hayek and Ian Gordon from Meridium, please visit here.

  • Sustainable Change delivered through Empowering Individuals and building Strong Governance

    data streamsSydney Trains manages and maintains an asset portfolio valued at more than $39 billion with an annual maintenance budget of $1.2 billion. Managing and maintaining assets effectively is key to achieving their goal to keep Sydney and NSW moving.

  • The newest edition of The Asset Journal is available now!

    This edition’s theme focuses on asset management maturity with content such as…