Following it’s first face to face meeting since COVID 19 in Pennsylvania in May 2023, the ISO TC251 Committee is about to release 6 Draft (DIS) Standards, and is developing New Work Item Proposals (NWIP) for an additional 2 Standards and revision of ISO 55002:2018.
Tom Carpenter will provide a precis of the upcoming DIS Standards and highlight key aspects.
DIS Standards to be released in the near future:
NWIP Projects:
Guideline for Asset Management Decision Making incorporating value and risk
Guideline for Sustainability
Revision/update of ISO 55002:2018
Tom Carpenter, CEO, IQ-AM Pty LtdTom Carpenter is an originating member of the TC251 Committee developing the ISO 5500# Standards. He is responsible for initial development of the Certification framework implemented by the WPiAM. He continues to deliver vocational post-graduate qualifications in Asset Management and assistance to organisation implementing Asset Management.
Tom is a recognised CFAM and a winner of the highest personal award from the AM Council – the MESA medal.
Presentation focuses on the Asset Information Management System at the Department of Health from its beginning to now and into the future.
Maddison’s presentation will provide an overview of how Taronga Zoo manages its diverse and aging asset portfolio in alignment with its Capital Renewal Plan. She will explore the relationship between annual maintenance budgets and long-term capital renewal needs, outlining how the capital renewal ratio is used to inform funding strategies and asset prioritisation. The presentation will also highlight specific initiatives and deliverables Maddison has introduced to strengthen maintenance strategies and improve asset performance across the Zoo. Finally, she will share some of her personal highlights and insights from working within one of Sydney’s most unique operational environments, where effective asset management plays a vital role in supporting animal welfare, visitor experience, and Taronga’s broader conservation mission.
The NSW Department of Planning Housing and Infrastructure (DPHI) has partnered with WSP to create Land iQ, a platform designed to improve infrastructure planning and empower users to make fast, informed, land-use decisions. Land iQ connects over 200 datasets to help find and analyse the over 8 million properties in NSW. Sarah will be presenting the platform, key use cases, and the lessons the team has learnt from such an ambitious undertaking.
Parks Victoria has shifted from passive to active asset management, modernising the way we manage more than 70,000 built assets across 4 million hectares across Victoria. The presentation will showcase how we transitioned to an integrated Asset Management Information System (AMIS) underpinned by strong change management practices. We will share insights from this transformation, including a case study on the Recovery Alignment to AMIS Project that improved resilience, transparency and data-driven decision making on emergency responses.
With 1 of 4 Outcomes being: Optimised infrastructure investments drive economic, environmental and social value. Key AM Strategy Recommendation’s – 1. Develop a whole of government asset management framework and 2. Implement an independent asset management assurance framework. Asset Management Policy and Assurance Goals. The presentation will include how the Strategy arrived at its recommendations, how SA Government is moving to implement them and the outcome expected.
Asset Management Supporting Maintenance and Reliability
Martin is a maintenance fitter by trade, having begun his career as a maintenance fitter and progressing to roles that saw him accountable for heavy maintenance operations in an organisation of over 600 workers. Drawing on decades of hands-on experience and leadership in maintenance environments, Martin will share real-world examples and practical insights into how asset management can and will support maintenance and reliability. His presentation will highlight the critical connection between strategic asset management and the day-to-day realities of keeping assets performing safely, efficiently, and sustainably.
More Than Maintenance: Unlocking Strategic Value in Public Infrastructure
Maintenance is often seen as a cost to be managed, but in the public works and local government context, it is a strategic lever for delivering long-term community value. Steve’s presentation explores how well-planned, data-informed maintenance and reliability practices are fundamental to achieving asset performance, managing life cycle costs, and controlling risk.
Drawing on asset management principles and real-world examples, Steve will examine how reframing maintenance as an enabler—not an expense—can improve service outcomes, justify investment, and strengthen long-term sustainability. Attendees will gain insight into how maintenance connects with broader infrastructure strategy, and how leadership, planning, and culture shape its success.
Supporting the Next Generation of Asset Management Leaders
Katherine will share her insights and experiences as an emerging practitioner in asset management, addressing key challenges currently faced by young professionals and what they seek to support their ongoing development. In this presentation, she will explore how we can encourage and support emerging professionals to ensure they are well equipped to lead the next era of asset management.
Delivering Quality Maintenance to Maximise Asset Performance
For organisations adopting whole-of-life asset management practices, asset maintenance is no longer solely focused on fixing faults, but rather on ensuring assets are maintained to prevent unscheduled downtime and perform at the required level, as outlined in the asset management plans. High-quality maintenance is essential to achieving this outcome. The application of best practices and modern technologies supports delivering the required level of quality.