Thankyou to those who assisted in review of the following ISO/TC 251 documents in February 2022 by providing comments.
ISO/TC251 Asset Management Committee released a resource in August 2022 “Aligning Asset Management and Financial Reporting Approaches”. This article highlights the different definitions of the term “asset” associated with current asset management and financial accounting best practices, and outlines how organizations should be aware of, and can handle those differences using a proposed mapping table approach.
A well-known problem with technical maintenance and service delivery stems from the conflict that can arise through so-called “silo effects” 1 (Hotaran, 2009), i.e., when people in various functions who are expected to work together do not meet this expectation. While silo behaviours could be present in various functions of an organisation, this article focuses on the impact on asset management.
The Asset Management Council is honoured that Dave Daines, Director and Immediate Past Chair, has been asked to deliver the Keynote Speaker Address at the third International Conference on Maintenance and Intelligent Asset Management ICMIAM 2022 which is to be held at the Institute of Rural Management Anand (India) 13-15 December 2022.
AMCouncil was delighted to be invited to participated in the Asset Management Society, India (AMSI) international hybrid event on 16th September considering the topic “Smart Asset Management Next Gen Framework for Resource Efficient Systems”.
A special address was provided by AM Council Gippsland Chapter Chair, Dr Gopinath Chattopadhyay whilst Dr Anne Gibbs, CEO AMCouncil, provided an overview of AM Council Activities and collaborations with AMSI. Dave Daines, Immediate Past National Chair AM Council, provided a comprehensive presentation on ISO55000 Standards and use in Global to Local Asset Management.
It was sad news this morning to learn of the passing of Queen Elizabeth II. To read more about her connection with Australia and her remarkable life and service to the Commonwealth over 70 years https://www.pmc.gov.au/her-majesty-the-queen
If you wanted to pay your respect and pass on your condolences to Buckingham Palace you can do so through the Department of the Prime Minster and Cabinet online condolence form at https://www.pmc.gov.au/condolence-form.