Blog

Implementing the AMAF in the Victorian Water Sector Dec 6th, 2016

Yet another reporting tool for the Victorian Water Industry. The Department of Treasury and Finance has, in its wisdom decided to introduce the DTF Asset Management Accountability Framework (AMAF). The framework was introduced through publication in February 2016 and updated, again through publication in June 2016. The framework will not apply to financial assets..

Read More
Implementing PREMO in the Victorian Water Sector Nov 3rd, 2016

PREMO (Performance, Risk, Engagement, Management, Outcomes) is a framework developed in the United Kingdom to be implemented in the Victorian Water sector. The framework is used to: Present the best service/price offer to customers in the business' price submissions; Compare the price submission against the Commission's expectations of a "standard" su..

Read More
Detroit – A lesson for us all Sep 28th, 2016

In asset management we frequently discuss the balance of funding services and infrastructure. It is a balancing act that needs to be managed with caution. Many people consider that the theory is just that and then there was the City of Detroit. Detroit declared Chapter 9 bankruptcy July 17, 2013. But this did not happen overnight; it was a long term affair. ..

Read More
Service Planning Sep 28th, 2016

The intent of service planning is to provide an overall picture of the services provided but more than this it is intended to align the services and the assets needed to provide the services and identify the funding required in the future to support the services. Should council need to adjust the service funding the service plans provide council with the options ..

Read More
Impact of Rate Capping on Service Provision Sep 28th, 2016

In Victoria, Council rates will be capped from mid-2016. In addition Councils will have to justify any increases above the inflation rate. “[T]his should not be seen as an opportunity to raise rates above inflation prior to the implementation of the rates cap … Unnecessary rate rises in 2015-16 may affect your eligibility for future rate cap exemptions,” s..

Read More
What is a Service Plan? Sep 28th, 2016

In the past few months based on the requests of clients I have undertaken significant research into the use and implementation of service plans. To my surprise, despite councils being awarded core asset management the quantity and quality of service plans leave a lot to be desired. Service plans across Australia vary in content. It is clear based on observation t..

Read More
Benefits of an Asset Class Plan Aug 25th, 2016

Before I begin, what is an Asset Class Plan? An Asset Class Plan as the name suggests is an plan for asset classes or asset groups at a lower level than the asset management plan. The benefit of the asset class plan is that it is focused at a practical level and can therefore be used by the technical personnel to plan the management of the individual asset class..

Read More
National Thought Leadership Series Luncheon May 6th, 2016

Topic Strengthening Australia’s Creaking Infrastructure 47 billion reasons why a national approach is overdue Keynote Speaker Jeff Roorda, General Manager, Jeff Roorda & Associates (A TechnologyOne company).     In Partnership with Synopsis A national approach to strengthening the state of Australia’s Infrastructure is essen..

Read More
New – ActivityMark Mar 30th, 2016

Recently released, testing is now complete – new to the industry, “ActivityMark”, the latest benchmarking tool on your android device. Benchmark your maintenance or the maintenance being done by your contractors against the standards. Feel comfortable in the knowledge that your maintenance is compliant or even above standard. If you wish to benchmark you..

Read More
Are Asset Class Plans the new Asset Management Plans? Mar 13th, 2016

Asset Management plans have been promoted over the years as essential for the ongoing management of infrastructure. The problem I have seen with clients is that they tend to gather dust on the shelf. In addition they can be expensive to produce and are more used as a statement of the now rather than the future. While I am still an advocate of asset management ..

Read More
The Lightning EAM Project. Mar 13th, 2016

By Paul Coady, Founder at The Lightning EAM Project A free and open-source project to create the World’s fastest Enterprise Asset Management System. https://player.vimeo.com/video/158332419 Lightning EAM Overview from BackSpace Academy on Vimeo..

Read More
Australian Infrastructure Financial Management Manual (AIFMM) Oct 9th, 2015

I welcome the release of version 2 of the Australian Infrastructure Financial Management Manual (AIFMM). Its great to see financial managers and asset managers communicating at the same level. A must have for local government. http://www.ipwea.org/publications/bookshop/ipweabookshop/aifmm#sthash.HS29LzEV.dpuf..

Read More
5th Edition of the International Infrastructure Management Manual Released. Oct 8th, 2015

The 5th edition of the International Infrastructure Management Manual has been released and now incorporates ISO 55000 amongst many other things including the 2015 Quickguide. Produced by the IPWEA I strongly recommend it if you want to move forward in asset management. The link to the web-site is: http://www.ipwea.org/publications/bookshop/ipweabooksho..

Read More
DOWNER AWARDED FIRST AUSTRALIAN ACCREDITED ISO 55001 CERTIFICATION Sep 10th, 2015

Downer and the Melbourne Cricket Club (MCC) are proud to set a new benchmark with Australia’s first Accredited ISO 55001 Certification for Asset Management. The ISO 55001 Asset Management Certification is for the Yarra Park Recycled Water Treatment Facility (RWTF), an MCC-owned facility that was designed and built by Downer and has been operated by Downer since..

Read More
Olympic Facilities after the Games Aug 30th, 2015

Have you ever wondered what happens to the Olympic facilities after the games are finished? The findings may shock you. We don’t have to go back too far to find some serious trends occurring. Many of the Olympic facilities over the past 30 years have suffered from severe disrepair. The reasons are many ranging from: Poor long-term planning for the venues; ..

Read More
John Oliver – Last Week Tonight– A Lesson in Asset Management Aug 30th, 2015

Well done to John Oliver. He’s summarised Asset Management beautifully. He should get an honourary degree in Asset Management if there was such a thing. Video Links: Short Version (3:24): https://www.youtube.com/watch?v=CikxgZCGgnI Long Version (21:14): https://www.youtube.com/watch?v=Wpzvaqypav8..

Read More