Asset Management Council

Webinar - Spares Analysis Process Review Supporting Capital Investment Program
2026-03-12 12:00 - 13:00 (Australia/Melbourne) | Online – Register to be sent your link
The review of the Capital Program Spares Assessment process identified significant gaps that led to incorrect outputs and, at times, incomplete assessments. These issues resulted in inadequate spares being handed over at project completion, placing additional pressure on Operations and Maintenance teams to identify and procure requirements post-handover, causing delays and increased operational costs.
To address these shortcomings, the process needed to be redesigned to improve:

accuracy
consistency
accountability.

Integrating reliability engineering principles and clarifying team responsibilities were critical to strengthening decision-making.
The objective is to establish a framework that enhances asset performance, reduces operational risk, and supports cost-effective outcomes across capital projects.
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Ian is Lead – Reliability Engineering for the Water Corporation of Western Australia. He has been at the Water Corporation WA for over 14 years concentrating in the reliability engineering and management. He has 38 years industry experience involving paper manufacturing and packaging, food manufacturing and packaging and water utility industries covering the following asset management functions: reliability engineering and management; tactical and strategic asset maintenance management; maintenance and operations support, and process optimisation. Ian is an accredited Engineer with the Engineering Council UK and an Affiliate of the Australian Asset Management Council of Australia, Institute of Plant Engineers and Society of Operation Engineers in the UK.

Kevin is a Chartered Professional Engineer with 17+ years in asset management and reliability. He has an FMCG background with responsibility for maintenance, project delivery, and process optimisation. He has spent five years at Water Corporation responsible for improving asset health and reliability, and is responsible for condition monitoring, capability assessments, compliance strategies, spares analysis, and root cause analysis.

This session forms the third in a webinar series presented by MRiAM – Challenges Associated with Spares Management During the Operational Phase – Webinar Series. In 2024, MRiAM presented a webinar series on managing spares, including guidance on quantities and related considerations. Since then, several forums have raised questions and prompted discussion about how to manage spares once they have been identified in the maintenance system and warehoused during the operational phase of a project. There has also been growing interest in related topics such as managing obsolete spares, “squirrel stores”, and maintaining spares holdings. The objective of this series is to address these topics and provide practical solutions from speakers who have identified these issues and can share proven approaches. Registering for this session will register you for all four sessions in the series.
