State of the Assets Report 2018

Sate of Assets snipNovember saw the release of the ALGA’s 2018 National State of the Assets Report. It is reported that $30 billion is required to renew and replace ageing infrastructure that is needed now.

Capacity of infrastructure was also reported. Capacity is linked to productivity and productivity is a major focus in infrastructure investment. Councils estimate $24 billion of current infrastructure value has poor capacity over the approximate $426 billion estimated portfolio of council infrastructure fixed and land assets. Take a look at the report here.

AMCouncil checks out Mexican Government Infrastructure Tool

MexicoThe AMCouncil dropped by Trade Victoria office recently to meet with representatives from BANOBRAS. This included Mr Esau Garza, Trade Commissioner; Mr Alejandro Blasco, Head of Investor Relations; and Mr Luis Ampudia, Vice President of Investor Relations from Mexico who walked through the Mexican Government’s newly developed Infrastructure investment tool which is a good reference to explore potential usiness opportunities in Mexico.

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The new ISO55002

ISO55002ISO55002 has been significantly expanded and now includes:

• Detailed guidance for every clause of the 55001 requirements document, including clarification of the contribution of each requirement to the four ’fundamentals’ of asset management: value, alignment, leadership and assurance;

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October Meeting Point out now

October News

AMCouncil October e-news is out now, packed with all the latest and greating AMCouncil happenings and news from the past month, including the link to a great article by Robert Platfloot on Organisational Change and the Implementation of ISO55001. Check your inboxes to read all the latest or view it here.

If you would like to receive monthly newsletters and to be kept in the loop with all that’s happening in the AMC, you can subscribe here.

TC251 Public Policy for Asset Management (ISO55011) Working Group Update

AMCouncil AMBoK Team Member, Martin Kerr, represented the Asset Management Council at the ISO TC251 (ISO5500x) committee meeting in Amersfoort, The Netherlands 22nd to 26th October 2018.    

TC251 is a technical committee (TC) that looks after the ISO55xxx suite of documents. The committee is made up of several working groups, one of which is looking at Public Policy for Asset Management (ISO55011) under the auspice of Working Group 7, WG7.

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