The successful implementation of fleet management software is a complex process that requires effective change management strategies to ensure smooth transition and user adoption. This presentation explores the role of change management in the deployment of fleet management software at Court Services Victoria and identifies the key stages of change management, including assessment of current […]
Join the Asset Management Council community for a breakfast event to celebrate Global Maintenance Day—a time to recognise the professionals who uphold the reliability, efficiency, and safety of the systems we all depend on. Click here to register Theme: Maintain Today – Sustain Tomorrow Maintenance is more than a technical function—it’s a strategic imperative. It: […]
The Australian Local Government Act 2020 requires local government authorities to undertake a number of asset management responsibilities as part of their asset planning cycles. One of these responsibilities is deliberative community engagement, which is designed to ensure the wants and needs of the local community are adequately reflected in local government financial, asset, and […]
The ISO/TC 251 committee continues to evolve the Standards. Work is currently underway to update ISO 55001:2018 to bring it into alignment with the 2024 versions of ISO 55000 and ISO 55001. A new guideline Standard, ISO 55014, is also being developed to expand upon and replace Annex D of ISO 55002:2018. The working group […]
The concept of risk—including both opportunities and threats—sounds simple enough, but many have attempted to tackle it with limited success. Is opportunity the opposite of risk, or is it something else entirely? How can we quantify and manage opportunities in the same way we quantify and manage risks? At V/Line, Fiona Beckley, Asset Information Specialist, […]
Public–Private Partnerships (PPPs) carry inherent financial risks, particularly when fixed-price contracts fail to reflect total lifecycle costs. To manage this, PFM adopted a Total Expenditure (TOTEX) Strategic Asset Management (SAM) approach that integrates people, processes, and systems to align CAPEX and OPEX decisions for long-term value. The two key barriers—poor data quality and limited practitioner […]
In today's asset-intensive industries, data isn't just a byproduct of operations - it is a strategic asset in itself. How do we determine what data is important and how do we manage to support the decisions we are making? Join Michael Mowat as he presents an approach for treating data as an asset to drive defensible investment […]
Please come and celebrate the end of another successful year with the Melbourne Chapter Committee. Date: Friday 28 November 2025 Time: 5pm - 7pm Location: Level 10 / 550 Bourke Street, Melbourne (Please arrive a little early to allow access to the function). Click here to register Food provided by the Asset Management Council. Drinks […]
Asset-intensive organisations have invested heavily in enterprise asset management systems and condition monitoring infrastructure, yet most operational data remains underutilised. This presentation challenges the conventional centralised analytics approach and introduces edge federated machine learning as a transformative architecture for physical asset management. Drawing on real-world implementations across Australian transport, ports and heavy industry, this session […]
Every asset management leader has experienced it. The condition data is solid. The risk is real. The numbers stack up. And yet the funding request stalls, gets deferred, or comes back with questions that have nothing to do with the engineering. This is not a data problem. It is a framing problem. In this session, […]
Asset Investment Planning (AIP) is a critical function of any asset intensive organisation. When performed well, organisations can unlock significant capital and generate additional value for stakeholders. Conversely, inadequate AIP practices often result in elevated lifecycle costs, uncoordinated activities and an underperforming asset portfolio that poses service interruptions, public safety risks and misalignment with evolving […]
Asset managers and finance teams have differing commitments in the management of assets for their organisation. Asset valuations require an understanding of both perspectives to form a unique perspective that is of interest to investors, owners, tax authorities and others. Valuations for financial reporting are required to meet AASB 13 and they in turn are […]