Asset Management for Professionals
Never has there been a greater focus on asset management as a professional discipline.
Asset Management embraces a range of professionals across industries who are invested in maximising the productivity value of their assets, promoting:
- Enhanced productivity over the plant lifecycle
- Positive contribution to the ‘bottom line’ through CAPEX and O&M savings
- Performance gains, risk reduction and increased credibility
- Continuous improvement; embedded cultural change and a philosophy of failure elimination
- Alignment with the release of the ISO55000 Asset Management Standard (2014)
Who has an interest in Asset Management?
Individuals, Companies and Professionals who have responsibility for asset management on a day-to-day basis including Asset Managers, Reliability Engineers, Reliability Managers, Maintenance Engineers, Maintenance Managers and Commercial Managers – both Consulting & In-house Engineers.
Anyone else with an interest in managing the performance of company assets, including:
- Project financiers, infrastructure asset investors, super funds
- Government Local Government, Infrastructure Project Proponents (PPP’s)
- Industry Regulators
- QA Auditors/Certification
- CEO’s, senior managers and business owners
Across all industries regardless of size and composition of the asset portfolio.
Asset Management as a Discipline
Asset management has grown as a discipline since initial movement in the early 1980’s, founded in the discipline of maintenance engineering; continued through the inception of MESA (Maintenance Engineers Society of Australia) in the early 90’s, to the modern creation of the Asset Management Council post 2005.
Over the last 25 years, there has been a move from the professional positioning of maintenance engineering, to encompass broader whole of life asset management, with its connection to business improvement and increased business value. This has extended a grounding in ‘maintenance engineering’ to a broader focus on ‘reliability engineering’ i.e. productivity over the plant lifecycle.
Market fluctuations bring sharply into focus the importance of effective asset management and asset performance with respect to plant lifecycle costs, and extension of plant asset life.
The aims and objectives of the AM Council continue to underpin the integrity and understanding of asset management as a professional stream.