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AMBoK Publications
The Asset Management Body of Knowledge (AMBoK) is a significant technical aspect of the Asset Management Council. A Body of Knowledge represents the sum of core information in an area of expertise. For the Asset Management Council, AMBoK is a collection of models, definitions and associated content that describes the profession of asset management. While it is important that AMBoK is documented, it is also important that it can be communicated and applied to advance the understanding of asset management within the community.
The AMBoK Team are charged with making AMBoK accessible to, and useable by, members of the Asset Management Council and the broader asset management community. Members of the AMBoK Team are actively involved in the development and continual improvement of content including training courses, competencies, conferences and publications.
Click Here to Download the Publication Order Form
AMBoK Publication 000: Framework for Asset Management, Second Edition
This publication provides an intellectual framework and context through which information about asset management can be developed and universally understood. It discusses key asset management elements including demand management, systems engineering, configuration management, acquisition, operations and maintenance, continuous improvement, business management, and culture and leadership.
This publication is now available as a PDF free of charge. Click here to download.
A hard copy is available for purchase from our online store, click here.
AMBoK Publication 001: Companion Guide to ISO 55001
This document is published by the Asset Management Council to assist asset management practitioners in understanding the implementation of ISO 55000 and specifically ISO 55001. The document is designed to provide clarity on the scope of the ISO 5500X Suite of Standards; assist with the interpretation of requirements of the standards; provide guidance to organisations on typical criteria evidence to meet the requirements of ISO 55000 and 55001; and act as a record of the current status of requirements for the purpose of collecting broader stakeholder input.
Companion Guide to ISO 55001 is available in both print copy and PDF form. Click here to purchase.
The Asset Journal
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 National Chair of the Board.
Advertising: If you wish to advertise within The Asset Journal, please refer to the following link: Media Packet
What is asset management?
The Asset Management Council defines asset management as, “The life cycle management of physical assets to achieve the stated outputs of the enterprise”. This definition specifies a focus upon the delivery of a stated capability in which assets play a key role, and in which the business must manage its physical assets commensurate with the business need for that capability. Thus, the definition is concerned with short, medium and long-term considerations from the conception of the asset’s need, through its complete operating life, all the way until its disposal phase. This definition also defines the boundaries of asset management and differentiates it from other key management processes.
Benefits of Asset Management
The benefits of asset management are numerous: more predictable and sustainable cash flows; the final outcome of the profit and loss; the value of the assets on the balance sheet; and the ability to both support an expected share price and achieve market share. These benefits are being increasingly recognised by business and government alike, and are supported by a number of factors, including the publication of numerous state and national government reports into the management of critical community and public assets; and the development and publication of an international standard on asset management (the ISO 55000X suite was published in January 2014).
The realisation that asset management contributes directly and indirectly to a number of important factors means that a common asset management language for better communication within organisations and across industries is increasingly considered by top management to be more important than ever.
The Asset Management Council is committed to advancing the asset management knowledge and capability of both its members and stakeholders, and as such, it has brought together some of the best technical asset management professionals within Australia in the form of the Asset Management Body of Knowledge (AMBoK).
The AMBoK Team makes asset management knowledge accessible to, and useable by, members and stakeholders of the Asset Management Council. They are a forward-thinking technical team consisting of numerous volunteers in senior positions in asset-intensive industries that supports the Asset Management Council in enabling value from effective asset management. For more information on AMBoK and how its knowledge base can help you learn more on asset management, please refer to the “AMBoK” tab at the top of the page.
Framework for Asset Management
For more information on asset management, please download our Framework for Asset Management, Second Edition. This publictaion provides an intellectual framework and context through which information about asset management can be developed and universally understood. The publication discusses key asset management elements including demand management, systems engineering, configuration management, acquisition, operations and maintenance, continuous improvement, business management, and culture and leadership, and is a primary resource provided by our AMBoK team.
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