On the 23 and 24 October 2010, the Asset Management Council held an Exchange Weekend which gathered together the Asset Management Board members, Chapter Chairs or Chapter representatives, and members of the Technical Development Team.

Board
The Board reviewed the draft strategic plan, and determined KPI’s for the next 12 months. The strategic plan will be published for all members in December this year. The Nominations Committee submitted two documents to guide the Nominations Committee activities.

Minor changes are recommended by the Board before being approved. The Nominations Committee has done a great job on this.

Chapter Chairs/Membership Development Team
Brad Thompson was elected as chair for this team for the next 12 months. KPIs for membership and chapter committees were developed for inclusion in the strategic plan.

The Technical Development Team (TDT)
The TDT is putting together a road map for the AMBoK (Asset Management Body of Knowledge), ICOMS and The Asset Journal. Performance and health indicators were identified to gain better understanding of the impacts of TDT outcomes on progress of broader AM Council strategies. The team will also work on ensuring there is easy access to the AMBoK on the website. This will include searches that group information. This will assist members when looking for key technical information on the website.

Training Courses
During 2011, the Asset Management Fundamentals course was revised. A key change is that the exam has been replaced with an on-line assessment. In 2010 we delivered the Risk and Reliability, and Asset Management Plans Training Intensives. Information from the membership survey will be used to create new training material in 2011.

Asset Management Awards
In 2011, the judging process will be increased to 1.5 days to allow more effective evaluation, and interchange between the participants and the reviewers.

Support of Smaller Chapters
It was agreed that the National Office would support chapters to do one event per year that combines a half day seminar, networking evening and AMF course (or other training). The chapter will need to support this effort by creating interest. The Perth chapter has offered documentation and support to the Darwin chapter as a test case. Chapter committees and members are asked to identify regional areas that the same process could be used to support our membership.

Annual Conference
Several options for increasing the participation at the Annual Conference were proposed including: targeting mid-size companies, having industry streams to improve networking opportunities, increasing number of case studies and having more practice oriented papers rather than theory. These are currently being developed by the ICOMS technical team. It was also generally agreed that the conference should change its name from ICOMS to something that adequately reflects that organisation’s transition from promoting maintenance to asset management. Look out next year for a “new conference name” competition.

Standards
The Standards Working Group identified the need to invigorate the group’s function with sufficient members to establish a business plan and deliver some urgent projects. These projects are intended to improve the availability of information on standards, their environment and their effective application in the asset management domain for members and stakeholders.

Asset Journal
The Asset Journal is our regular publication supporting and informing all communities related to physical asset management. The journal team gave a commitment to produce regular issues in 2011. The roadmap to achieve this outcome will be complete by end of November 2010.

Certification
The Certification Working Group determined that revisions to the Asset Capability Concept Model, and Asset Capability Delivery Model were likely to enhance the certification scheme. Ideas for further development and promotion were drafted.
The next Exchange Weekend is scheduled to take place in May 2011, prior to the Annual Conference.