Engineering for Public Works - Issue 25, March 2022

IPWEAQ UPDATES

YOUR ASSET MANAGEMENT COMMUNITY

Craig Moss Director, Professional Services

Queensland and the Northern Territory are fortunate to have significant and ever-increasing infrastructure assets that are vital to supporting our communities. These assets and related services are the foundations of our day-to-day lives, and our communities have an expectation that they will support and enhance their quality of life. To achieve these outcomes, it is vital that anyone who is responsible for the planning and management of our public works and services understand and practice good asset management.

At the 2021 inaugural IPWEAQ Asset Management Symposium, we asked the question, what is your greatest asset management need? The intelligence gathered has guided the Asset Management Steering Committee (AMSC) to identify the challenges facing our asset management community and to develop strategies and initiatives to address these areas of concern.

This process identified three primary areas:

important areas: • innovation • resources • risk There is a perception across industry that all that is required for sound asset management is more data or the right data however it appears that collaboration is the most critical aspect with collaboration between the different disciplines involved in asset management linking to the analysis of available information to strategic decision making. And then we are more likely to be moving in the right direction.

• education

Some of the initiatives of the Asset Management Steering Committee include:

• lifecycle costs and decision making

Asset Management Community of Practice

Plus three secondary but equally

The aim of this program is to

• data

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regularly interact with others across the asset management community and share best practice, knowledge, ideas and tools to achieve consistent and effective outcomes. With the intelligence gathered from the needs analysis at the Symposium, the AMSC will continue to lead virtual conversations of relevant topics. Discussions held to date include: •R isk - creative ways to hide the 4-letter word or just an accident waiting to happen.

•T he asset management journey •O rganisational asset management culture and commitment (24 March 2022) These topics will continue on a bi-monthly cycle.

2022 IPWEA-QNT Asset Management Symposium 180 delegates from 26 councils plus 50 organisations gathered at

ENGINEERING FOR PUBLIC WORKS | MARCH 2022