On the 18^th October 2018, the NSW Women in Asset Management (WiAM) Special Interest Group hosted its second Sydney Chapter event; Miriam Stacy (Place Management, Property NSW) gave a thoroughly absorbing presentation on the role she and her team plays in repurposing heritage-listed property assets in The Rocks area of Sydney. 

An essential service of any association is offering high quality continuing education and learnings to its professional members. As valued members of the Asset Management Council, we invite you to join us in our commitment to deliver relevant and engaging information to those who work in the field of asset management.

Dr Nathanial Bavinton, Smart City Coordinator for the City of Newcastle, last night presented at the Newcastle Chapter's March meeting on A Smart City Infrastructure for the future of Newcastle.

With Newcastle moving rapidly to adopt smart city technologies as part of the urban revitalisation of the city, Federal and State governments are investing in the vision for infrastructure to enable a range of new approaches to asset management and service delivery, which will position the city as a technology development testbed.

At Newcastle's recent event, David Nicholas, Principal Consultant, Nicholas Corrosion Pty Ltd presented an interesting and engaging presentation on the variations of stainless steels used in domestic and industry applications. 

It was a great turn out for the Asset Management’s AOG Knowledge Forum panel discussion on Superior Asset Performanceyesterday. Thanks to the Panel (Julie Harrison, Michael Judd, Neil Clegg, Mark Mackenzie, Kevin McCafferty) and the audience for the great participation. Check out some more pics taken at the event below:

Coaching for Better Leaders

Join the Asset Management Council Sydney Chapter for a presentation on how coaching with NLP creates better leaders. 

Can you imagine having extremely high self-awareness and personal alignment coupled with an in-depth understanding of others?  How different would your conversations sound? What impact would it have on your career and leadership journey? 

Coaching with neuro-linguistic programming (NLP) can give you this!  

Digital Infrastructure assisting Asset Management

Join the Asset Management Council Sydney Chapter for a technical session on implementing predictive analytics on one of Australia's largest rail fleets. 

Sydney’s Waratah Train fleet consists of 78 trains that are connected to ICT Shore Systems – producing over 330 Million data points everyday.

In 2017, Downer embarked on a program to use that data to perform predictive analytics as well as a wider transition towards condition based maintenance. The result was TrainDNA and an Integration Operations Centre.

Data Mining is one of those topics that conjures up thoughts of modelling a large amount of data without providing significant Asset Management value. Whilst there are a few companies that have invested significant time and energy into modelling a broad range of data to assist in decision making, this does not appaer to be a widespread approach in 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.

A successful AGM was held by our AMCouncil Sydney chapter last Thursday. On behalf of the continuing committee members wewelcome Stephen Poropatto the AMC Sydney Chapter 2019committee! It will be great to have a new face (?) on the team as we continue our strong growth in the chapter.

A great attendence of approximately 45 at Sydney's technical and networking session last week. It was noted that Mark Ragusa from Ausgrid has filled the remaining vacant committee membership position, and we welcome him on board.

The Chapter then heard from Lucio Favotto, Principal Manager Infrastructure and Fleet Services, Transport for NSW. Lucio provided an insightful presentation on the following - Asset Management across a multi-modal asset portfolio - Transport for NSW (TfNSW).

The AMC Sydney Chapter conducted its annual site visit on the morning of Thursday 15^th August. This year we had the privilege of being hosted for a behind the scenes tour of the iconic Sydney Opera House (SOH). SOH is an asset with a design life of 250 years, which opened in 1973 and hence is approaching 50 years old.

Sydney chapter members enjoyed hearing some detailed insights last night, 17 May, into the application of Asset Management to the power distribution industry during a presentation by Murray Chandler - Ausgrid's Head of Asset Management Strategy, Performance & Innovation.

Sydney Chapter has thrown back to a meeting format from the 1990’s in its June meeting to take on “Bring a Problem’ night. With one very large complex problem presented from the team at John Holland Group asking the question, ‘How does an organisation that covers a large regional footprint with complex assets (e.g., Large Utility etc) best engage the large asset delivery workforce to ensure ownership of the desired outcomes?’ See the problem submitted in visual format here.

We're excited to announce that registrations are now open for this year's symposium! This year's symposium will focus on Asset Management in Government and aims to bring representatives from various state governments together to share experiences and challenges in Asset Management and provide a forum for information sharing.

Some items on the program include:

The Melbourne Chapter got together for a session last Thursday, 16 November to talk about the Asset Management Value Proposition. John Dyer, AusNet Services, and Tim Gowland, Energy Safe Victoria, explored more about the value being delivered in AusNet Services and the electricity industry more generally through asset management. The general consenis was that, for Asset Management to add value, the benefits must be greater than the cost (from the view of the stakeholder).

To obtain a copy of John's presentation shared at this session, please visit here. (This content is available for members only, see our affordable membership options here).

Why do we keep solving the same problems more than once?  Traditionally problems are solved by an individual or a small team often overwhelmed by many daily problems meaning that time and attention is limited. 

Once problems are solved, the actions and solutions are typically shared with a small population with the expectation that they will be implemented.  What checks and balances are in place to ensure the correct solution?

With the relentless trend towards the miniaturisation of computer chips, sensors, actuating devices, and radio transceivers in microcontroller ICs, the potential for the Internet of Things (IoT) to really shake up the Asset Management industry is finally here. Discover more about how this transformative technology will change the way we all do business.

The trend towards miniaturisation, which has now reached a tipping point, means that embedded systems can now be built into things and devices of almost any size at an affordable cost with sufficiently low power to enable batteries to operate the devices for up to ten years. In effect you can now monitor virtually anything cost effectively. It is anticipated that the IoT industry will be worth $19 trillion by 2020. But what will this mean for you?

Read more here. (This content is available for members only, see our affordable membership options here.)

Think asset management is just for engineers? Think again. Advanced organisation are increasingly realising that asset management maturity is critical to future operational, reputational and financial success. Discover how effective asset management provides a way of maximising value while balancing cost and risk associated with operation.

As digital transformation continues to have a profound impact on the way companies monitor, measure and manage performance, operational assets are themselves becoming more networked, intelligent and efficient.  

Read more here. (This content is available for members only, see our affordable membership options here).

The AMCouncil is proud to support the upcoming Complex Systems Leadership Workshop in Sydney which will provide engineers with skills to address leadership which recognises the rapidly changing engineering business environment.