The Maintenance Engineering Society of Australia Inc and Asset Management Council Inc “Your...

The Maintenance Engineering Society of Australia Inc and Asset Management Council Inc

www.mesa.org.au www.amcouncil.com.au “Your professional pathway to asset management excellence”

The Asset Management Council

An exploratory evening together!



Objectives tonight

• Inform interested people in KL of the strategic directions

of AM Council

• Gain support for, and involvement in, that new direction

• Provide an overview of our “new” AM Model and asset

management definition for discussion



What is the AM Council?

1. A part of The Institution of Engineers, Australia

2. Like minded people who believe that asset management provides a key competency for a better future

3. Composed of commercial companies, public enterprises and individuals:

1. 1400 people

2. 55 companies (Two of which are Supporters – more shortly)



AM Council’s Vision

• Become a leading non-aligned, not-for-profit asset management organisation in Australasia

• Team with other leading AM organisations, and thereby bring asset management together



Our Strategic approach

Key Result Areas:

1. Develop Body of Knowledge

2. Promote excellence (AMEA)

3. Educate practioners and broader community

4. Support our members and our community



Our Five Year Plan

• A revised & professional management structure

• Involvement of Australasian industry

• Encourage and resource continuous learning for members and the community

• Promote good asset management

• Document good asset management practice and science.



What Are Assets?



What is asset management?



What is asset management? Some definitions

PAS 55-1Systematic & coordinated activities and practices through which an organization optimally manages its physical assets and their associated performance, risks and expenditures over their lifecycles for the purpose of achieving its organizational strategic plan.

IIMMThe combination of management financial, economic, engineering and other practices applied to physical assets with the objective of providing the required level of service in the most cost effective manner.

National Grid TransmissionThe set of disciplines and methods to optimise the Whole Life Business Impact of costs, performance and risk exposures of the company’s (physical) assets.

CIEAMThe process of organising, planning and controlling, the acquisition, use, care, refurbishment, and/or disposal of an organisation’s physical assets to optimise their service delivery potential and to minimise the related risks and costs over their entire life.

PAS 55-1Systematic & coordinated activities and practices through which an organization optimally manages its physical assets and their associated performance, risks and expenditures over their lifecycles for the purpose of achieving its organizational strategic plan.

IIMMThe combination of management financial, economic, engineering and other practices applied to physical assets with the objective of providing the required level of service in the most cost effective manner.

National Grid Transmission UKThe set of disciplines and methods to optimise the Whole Life Business Impact of costs, performance and risk exposures of the company’s (physical) assets.

CIEAMThe process of organising, planning and controlling, the acquisition, use, care, refurbishment, and/or disposal of an organisation’s physical assets to optimise their service delivery potential and to minimise the related risks and costs over their entire life.



AM Council Definition

WAS!Preparing (or engineering) equipment for its intended use, so that the assets will deliver the required outputs of the business.

MESAIS!“The lifecycle management of physical assets to achieve the stated outputs of the enterprise”

AM Council

The “Plan Do Check Act” Process

Plan

DoChec

k

Act

The PDCA

Process

The Good AM Process - improved through Culture and Leadership

The PDCA Process

LeadershipCulture

GoodAsset

Management

Output Focus

Capabilities

Level of Assurance

Learning Organisation

The Four Key Principles

What is Asset Management?

The Four Key Principles

The PDCA Process

Good AM Processes



AM Council Definition

“The lifecycle management of physical assets to achieve the stated outputs of the enterprise”

AM Council



Let’s keep talking

Join us and grow with the journey

The Maintenance Engineering Society of Australia Inc and Asset Management Council Inc “Your...

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