The Asset Journal is the Asset Management Council’s official publication.

Commencing in 2007, this quarterly Journal continues to cover the latest asset management and maintenance topics for its members and the wider asset management and maintenance community. It contains technical articles, tutorials, informal articles about current issues in asset management, chapter news, and updates from the CEO and Chairman.

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From the Editor-in-Chief

The Asset Journal, Volume 10, Issue 3


I recently returned from a work assignment in the USA, where we reviewed the capability of an organisation to deliver Operational Readiness during the Project. The refreshing part was that the Oil and Gas Operator was looking to understand what needed to be done early in a Project to ensure life cycle support for their facility. An interesting point for me to note was that the ISO 55001 requirements were not known to them, but they intuitively (and by experience) put a large number of steps in place that could be directly linked back to the Asset Management Systems Standard. A number of key steps found in the Systems Engineering Standard were clearly visible and implemented, while some other essential parts were thought to be of lesser relevance to being ready to start a complex processing plant.

Integration of Asset Management is obviously a topic that is of increasing importance, as I also found out that many Councils (or Counties) in the USA are looking towards the Asset Management concept to improve what they are doing and make Resident’s taxes reach further. Linking in a smart way technical, financial and organisational aspects of an organisation will with increasing awareness be demanded more and more by Stakeholders. Value delivery through Asset Management will create opportunities for integration of all elements constituting a Business. Our feature articles in this volume of ‘The Asset’ will share some thoughts and ideas about the importance of integration of functions, processes and methodologies.

In the background, the AMBoK team also directs their attention to the practicality of implementing Asset Management into organisational and business life. The newly released Asset Management Maturity Model will certainly assist organisations to see how the elements of an Asset Management System impact on their business, highlighting specific areas for improvement. Other work undertaken focusses on the integration of support systems and how these IT solutions might aid the general management of Assets and assuring performance. Leaves us to anticipate the time when Asset Management as a life cycle concept finds its way into formal education. Perhaps you can share an integration experience with us, either on linkedin, the Asset Management website or in an article. We welcome your contributions, thoughts and feedback on the Journal.

Ernst Krauss

Editor in Chief 

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The Asset Journal Issues

  Volume 10, Issue 3 View Online
Volume 10, Issue 2 View Online Volume 10, Issue 1 View Online
Volume 9, Issue 4 View Online Volume 9, Issue 3 View Online
Volume 9, Issue 2 View Online Volume 9, Issue 1 View Online
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