This year’s AMPEAK Conference features 5 forums from the Asset Management Body of Knowledge (AMBoK) team – the technical base of the Asset Management Council. The tutorials feature a wealth of technical and informational knowledge relevant to any asset management practitioner. Topics include…


Cost, Risk and Performance – The publication of the ISO 55000 series in January 2014 provides guidance to organisations on the requirements of a system that is intended to “achieve a desired balance between performance, cost and risk”. In the absence of any other guidance from within the asset management community, the AMBoK team has created a broader, business value-based perspective (supported by AS4183 and IDEF0) to provide insight into asset management systems as mechanism to control cost, risk, and performance for stakeholders. By the end of this tutorial, participants will have a better understanding of the definitions and standards surrounding cost, risk, and performance for application within their own organisation.

Accord – a GFMAM (Global Forum on Maintenance and Asset Management) project which aims to provide global recognition and comparison of vocational, professional and academic courses in respect of their asset management content, the Accord is the representation of an on-going and international effort. By the end of this tutorial, attending participants will not only have a better understanding of the Accord and its intent, but know the vision and ways in which it may affect their practices going into the future.

SAMP – The ISO 55000 series standards emphasise the need for a Strategic Asset Management Plan (SAMP). This tutorial will discuss the various components of a SAMP, as well as an Asset Management Plan (AMP), and highlight the necessities and intricacies of each. Within this tutorial, participants will write cases and descriptions of each section of SAMP and be able to apply their learning to their corporate roles.

IEC standards – Focusing on the relationship between the International Electromechanical Commission and asset management, this tutorial will relate the latest developments in the IEC.

Maturity – Asset management maturity is defined by the AM Council as “the ability of an organisation to foresee and respond to its environment through the management of its assets while continuing to meet the needs of its stakeholders”. Maturity requires that an organisation deliver outcomes such as customer service, profit, safety, and assurance via the assigned resources and within the requisite delivery period, and should be able to respond to both the changing business environment and changing stakeholder needs in a manner that aligns with the functions of the organization. By attending this tutorial, participants will receive and in-depth presentation on asset management maturity and understand how it can help their practices.

For more information on AMPEAK, or any of the AMBoK tutorials, please contact the Asset Management Council at or call 03 9819 2515.