Great to see an enthusiastic audience at last night's Adelaide's networking and technical meet. First up was Andrei Ezergailis, ASC Pty Ltd's CCSM LifCycle Manager, who flew in from Perth to go over ASC's journey to ISO55001's certification and the lessons learned from it.

Great presentations in our Melbourne session last Thursday as Sean Reeves spoke to intelligent asset management and how asset management is more than just data collection. 

Fantastic news from NSW as Treasury publishes the NSW Government asset management policy, adopted by the NSW public sector on 31st October. 

The Asset Management Council, led by our director Toby Horstead, has been working closely with Infrastructure NSW and the NSW Government AM Community of Practice to prepare agencies for the release of the policy.

An asset management system is a set of complex processes and interactions to plan and control asset related activites. The asset management framework, whilst not an explicit requirement of ISO 55001, sets out to help define what the organisation's functioning asset management system looks like.

AMCouncil December e-news is out now, the last one for 2018, packed with all the latest and greating AMCouncil happenings and news from the past month, including links to fantastic articles on:

- Sydney Trains Asset Management System & ISO 55001:2014;

Our New Zealand neighbours held a half-day forum, co-sponsored by AM Council and Unison, on driving asset management performance improvement on the afternoon of the 31st October. Topics included: Change management strategy to implement ISO 55001; One year beyond ISO55001, digital strategy; Lessons learnt by Transpower, Asset management and PAS 55; and evolving asset management.

George Assaad, a passionate public speaker and expert in in developing, implementing and maintaining management systems for clients across a wide range of industries, engaged our Sydney chapter to be very interested in what some may say could be a dry topic on Certification under ISO 55001 from the Certifying Auditors' Perspectivelast week. The chapter may not have had an as energised audit speaker prior! George made sure that members were across the requirement that It’s ‘their’ decision to make sure that the right Asset Management decisions that are made are in line with the requirements of the ISO 55000 series standards.

AMCouncil AMBoK Team Member, Martin Kerr, represented the Asset Management Council at the ISO TC251 (ISO5500x) committee meeting in Amersfoort, The Netherlands 22^nd to 26^th 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 guidance on alignment of asset management, finance and accounting into standard ISO55010 under the auspice of Working Group 5, WG5.

AMCouncil AMBoK Team Member, Martin Kerr, represented the Asset Management Council at the ISO TC251 (ISO5500x) committee meeting in Amersfoort, The Netherlands 22^nd to 26^th 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 Product Development under the auspice of Working Group 4, WG4.

If your organisation is considering certification under ISO 55001 in the near future, it is pertinent you read further.
Recently, various organizations have acquired certification for ISO 55001 without following the necessary procedures to be certified. The result is that these organizations' ISO 55001 certifications do not have recognition from governing bodies in asset management (ISO & JAS-ANZ) as being certified under ISO 55001 and may not be compliant with the standards published in ISO 55001.

Below advertisement provided by Bureau Veritas. Some content may be relevant to members.

The International Organisation for Standardisation (ISO) published the international asset management systems standard, ISO 55001, in 2014. ISO 55001 is the reference standard for a value-added approach to asset management. It enables the effective integration of all aspects of the asset lifecycle, from the first design phase to acquisition, construction, commissioning, utilisation or operation, maintenance, renewal, modification and/or ultimate disposal.