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Many organisations believe that qualitative and semi quantitative risk assessments are adequate to determine where their allocated budget should be best spent. Others argue that while such tools may be useful as a filter for actions that must be taken or that are not necessary, only quantitative risk assessment (identification, analysis and evaluation) can determine what tasks and associated budgets are defensible to the organisation's financial approving authority.
What do you think?
Leave your comment and read other people views at the Asset Management Council group discussion on LinkedIn.
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Presentations from the November 16 Perth Symposium "META Data, Master Data, Mobile Solutions & Standards" are now available for download from the member zone, under New Presentations.
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On Tuesday 26 July 2011, the Asset Management Council together with the Australian Water Association, Water Services Association Australia and the Institute of Public Works Engineering Australia held an ISO Asset Management Standards Stakeholders’ Consultation Forum in Sydney.
The Forum was well attended, with over 70 stakeholders present for the afternoon session. Beginning the forum were formal presentations by key leaders involved in the formation of the ISO Asset Management Standard suite, followed by an open discussion to allow stakeholders to voice their concerns and hear how their concerns will be addressed within the proposed Standard.
Here are some of the questions and answers that were minuted from the Forum….
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The ICOMS Asset Management Conference 2011 People's Choice Award for the best conference presentation, as voted by conference delegates, was won by Dr Nik Nikolovski and Franc Spinelli for their paper "Asset Strategy Development Using Defect Elimination Principles". This presentation is available to download from the member's only area of the website, while a copy of the full paper can be found on the USB of Conference Proceedings.
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The Asset Management Council is pleased to announce the current list of sponsoring and exhibiting organisations for the 2011 ICOMS Asset Management Conference.
Thank you for your support of the conference and your commitment to the continual advancement of asset management knowledge and practices.
Sponsorship and exhibiting opportunities are still available leading up to the Conference.
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