Asset Owners, Service Providers and organisations responsible for physical assets and their revenue, reliability and safety outcomes are encouraged to apply to the Asset Management Council’s 2012 Asset Management Awards.

Now in its 16th year, the AMA continues to provide organisations with an industry recognised and valid mechanism to measure continuous improvement in asset management. Participants complete a self-assessment report from the award seven criteria, participate in an on-site review and receive a detailed report by nominated Asset Management Council Reviewers.

Each applicant’s submission report is based on award criteria modelled from the Asset Management Body of Knowledge (AMBoK). With over ten year’s accumulation of work by industry key thought leaders, AMBoK presents the basis of successful asset management. The AMBoK also schematically presents the processes, within a number of disciplines, that may be used in part or entirety, to deliver successful asset management.

The recently published Asset Management Council publication Framework for Asset Management Body of Knowledge is aligned to the thirty-nine subjects proposed in the forthcoming ISO 55000 suite of asset management series. Supporting the ISO 55000 suite of asset management series is the Asset Management Landscape document, created by the Global Forum on Maintenance and Asset Management.

Both of these documents are available to participants and demonstrate the depth and breadth of knowledge, tools and techniques available to participants in the 2012 AMA.

Recipients of the AMA will be announced in June 2012 at the Asset Management Council’s Annual Dinner, Hobart. One AMA recipient will be nominated for the 2012 Australian Engineering Excellence Award, hosted by Engineers Australia at the Great Hall of Parliament House, Canberra.

Recipients of the AMA include: Airservices Australia, Aurora Energy, BHP Billiton Iron Ore, EnergyAustralia, HMAS ANZAC, One Steel, Railcorp, United Group Rail, and Woodside Energy.

Intention to submit forms may be downloaded from the Asset Management Council website (amcouncil.com.au) and are due at the latest by 25 February 2012.