Models

Aug 26, 2014 | Uncategorised

The Asset Management Council, through AMBoK, has developed a number of models that illustrate and describe asset management. Models may only be reproduced with the consent of the Asset Management Council Ltd.

Asset Management Concept Model

The Asset Management Concept Model documents the basis of asset management. The model’s intent is to serve as a conceptual framework from which the foundational elements of asset management can be identified, documented and implemented.

The Asset Management Concept Model consists of four key principles, connected by a set of processes within which a Plan Do Check Act approach is implemented. These are encased by a ‘Stakeholder Circle’.

Asset Management System Model

A management system is a set of interrelated or interacting elements of an organisation to establish policies, objectives and processes to achieve organisational objectives. A management system can address a single discipline or several disciplines.

In small organisations there may not be a formally documented system. However, the larger the organisation, the more likely it is that there are written instructions about how these policies and processes. This ensures that nothing is omitted and that all are clear about who needs to do what, when and how.

The Asset Management System Model defines the parts of a management system for the management of assets (that is, the Asset Management System) and the relationship between these parts.

In addition to defining those relationships, the Asset Management System Model depicts the linkage between the stakeholders’ needs, the organisational leadership and culture and the organisational objectives to the asset management objectives.

Capability Delivery Model

The Capability Delivery Model schematically presents processes that may be used in part or entirety to deliver the stated outputs of the organisation.

The processes are shown in six main disciplines:

1. 1. Demand Management
   2. Systems Engineering
   3. Configuration Management
   4. Acquisitions
   5. Operations and Maintenance
   6. Continuous Improvement.

The primary purpose of the Capability Delivery Model is to document a typical set of processes that can be used to:

• • provide guidance for the application of an asset management system;
  • develop and implement an asset management system capability; and
  • develop and implement an asset capability (solutions) for an organisation.

Other purposes of the Capability Delivery Model include identifying and documenting:

• • the typical engineering and financial disciplines involved in those processes;
  • the enabling principles used in the management of assets;
  • how to create and define organisational functions within an asset management organisation; and
  • the relevant ISO and international engineering and financial management standards relevant to the processes associated with the management of assets.

View Capability Delivery Model History

Maturity Model

Asset management maturity is defined by the Asset Management Council as ‘the ability of an organisation to foresee and respond to its environment through the management of its assets, while continuing to meet the needs of its stakeholders’.

Asset management maturity requires that an organisation deliver outcomes such as customer service, profit, safety and assurance, with the assigned resources and within the requisite delivery period. Asset management maturity is dynamic and should be able to respond to both the changing business environment and changing stakeholder needs in a manner that aligns with the other functions of the organisation.

Asset management maturity can be considered as the extent to which asset management is aligned and integrated into an organisation.

Asset management maturity is described by:

• • A set of Organisational Elements – Structuring, Governance, Structured and the Business Assets;
  • A set of Maturity Lenses to focus on and analyse asset management across all four Organisational Elements. These Maturity Lenses are used to analyse important aspects of asset management; and
  • A set of Qualities that provide a description of the essential nature of asset management maturity across the whole organisation.

AMBoK Team

Aug 26, 2014 | Uncategorised

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 to further expand and strengthen the Asset Management Body of Knowledge (AMBoK).

The AMBoK Team are charged with making AMBoK accessible to, and useable by, members and stakeholders of the Asset Management Council. A forward-thinking Technical Team, consisting of numerous volunteers in senior positions in asset-intensive industries across the board, the AMBoK Team supports the Asset Management Council in enabling value from effective asset management. The Asset Management Council has a strong link to “best practice” in the field of physical asset management, no doubt due to our diligent AMBoK Team. Members of the AMBoK Team are actively involved in the development and continual improvement of Asset Management Council content. The AMBoK Team are:

AMBoK Commissioner:
Peter Kohler

AMBoK Team Members:
Deryk Anderson
Ernst Krauss
Gary Winsor
Glen Kerr
Glenn Ingram
Hemant Jivraj Rathod
Jim Kennedy
Joanna Sikorska
Johann Taylor
John Hardwick
Martin Kerr
Michael Killeen
Mo Barghash
Pat Quain
Paul Agar
Peter Buckland

Can you contribute to the Asset Management Body of Knowledge?

If you have a passion for asset management or a desire to influence the asset management profession, have a breadth and depth of experience to share or are just looking for a personal development opportunity, the AMBoK Team would like to hear from you. You can claim your contribution as part of your Continuous Professional Development. Please drop us a line at ambok@amcouncil.com.au

AMBoK

Aug 26, 2014 | Uncategorised

The Asset Management Body of Knowledge (AMBoK) is a technical product of the Asset Management Council. For the Asset Management Council, AMBoK is a collection of models, definitions and content that describes the profession and practices of asset management. AMBoK content is published both electronically and in print and acts as our primary base for advancing and communicating a deeper understanding of asset management.

The technical knowledge and information within AMBoK is created through the AMBoK team. The team consists of numerous volunteers in senior positions of asset-intensive industries. Their insights, knowledge, and willingness to share makes AMBoK accessible to – and useable by – members of the Asset Management Council and the broader asset management community. For an example of one of our publications (as well as technical content on the basics of asset management), please download the “Framework for Asset Management Document” on the right. 

Definition 

The Asset Management Council defines asset management as “The life cycle management of physical assets to achieve the stated outputs of the enterprise”.

Principles

Asset management is founded on a set of principles. If any one of these principles is missing from the management of assets, the organisation will likely see a reduction in the value that its assets provide. The principles should directly influence an organisation’s asset management systems and plans. These principles of asset management are: Output Focus, Capabilities, Level Assurance, and Learning Organisation.

Models

The Asset Management Council has developed a number of models that illustrate and describe asset management. They are as follows:

Asset Management Concept Model – Conceptually presents the basis of successful asset management.
Asset Management System Model – Illustrates the key components of an asset management system and how they inter-relate.
Organisational System Model – Depicts the typical components of an organisation’s management system and how they integrate.
Capability Delivery Model – Schematically presents processes, within a number of disciplines, that may be used in part or entirety, to deliver successful asset management.
Maturity Model – Conveys the extent to which leadership, culture, human performance and the asset management system are integrated into the whole organisation, while contributing to its success.

For a deeper explination of each model, please refer to the “AMBoK Models” tab of the website.