The Asset Journal is the Asset Management Council’s official publication.

Commencing in 2007, this quarterly Journal continues to cover the latest asset management and maintenance topics for its members and the wider asset management and maintenance community. It contains technical articles, tutorials, informal articles about current issues in asset management, chapter news, and updates from the CEO and Chairman.

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From the Editor-in-Chief

The Asset Journal, Volume 14, Issue 1

EKrauss

You have succeeded in developing the Asset Management Framework, defined the Strategic objectives for the Assets and the way they are to be managed. What are your next steps? How will the Organisation know about their responsibilities? The Operators, Maintainers and their Managers are all on board with the new system. Some Engineers are supportive. Will this Asset Management System be successful? Critical questions, as there are other disciplines and teams involved in the management of Assets. What about the alignment of risk expectations, finance and accounting, the inclusion of information, document and data management to support the Asset Management Framework? Have the Projects teams be appraised and embrace the requirements of the new Framework and how aligned and committed are the supply Chain teams? Are Contracts appropriately structured and refreshed?

These and many more questions arise when we are talking about the successful implementation of an Asset Management System. It is often understood by Senior Management that an Asset Management Framework is all that is required to make an Organisation effective as an Asset Management Organisation. That would be like going to a fine dining restaurant and only being served the meat without all other ingredients to the dish presented and without condiments, those only being listed on the menu.

Asset Life Cycle Management in line with the ISO 55000 series Standards requires the whole Organisation to be in tune with the Asset Management requirements that are defined at the Strategic and Operational levels. One personal Observation, confirmed by other Practitioners, is that among the most critical support functions for success are the Senior Managers, or “C” level if you wish. Without their active understanding of the support required by them it will be difficult to make a lasting change in line with the desired status to be an Asset Management Organisation.

Organisations that have successfully transitioned to an asset Management Organisation have embraced the holistic view that an Asset Management System requires personnel trained and informed at all levels of the Organisation in the new way of working. The Asset Management Council’s Asset Management Delivery Model and the Asset Management Systems Model are helpful devices to reiterate the significance of all main and support functions that make up the complete Asset Management System and should support the Asset Management Framework. The current issue of “The Asset” provides some thoughts and experiences successful integration of support functions and the kernel of an Asset Management System. And that integration also requires us to understand the whole breadth and depth of managing Asset over their Life Cycle and the realisation that it is not only Maintainers and Maintenance that are responsible for managing Assets.

We trust you enjoy the articles provided and welcome, as always, your feedback.

Ernst Krauss

Editor in Chief 

theasset@amcouncil.com.au 

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The Asset Journal Issues

Volume 14, Issue 1 View Online | PDF
Volume 13, Issue 4 View Online | PDF Volume 13, Issue 3 View Online | PDF
Volume 13, Issue 2 View Online | PDF Volume 13, Issue 1 View Online | PDF
Volume 12, Issue 4 View Online | PDF Volume 12, Issue 3 View Online | PDF
Volume 12, Issue 2 View Online | PDF Volume 12, Issue 1 View Online | PDF
Volume 11, Issue 4 View Online | PDF Volume 11, Issue 3 View Online | PDF
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Volume 10, Issue 4 View Online | PDF Volume 10, Issue 3 View Online | PDF
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