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: • data • education • lifecycle costs and decision making

Plus three secondary but equally 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.

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

Asset Management Community of Practice

The aim of this program is to 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: • Risk - creative ways to hide the 4-letter word or just an accident waiting to happen. • The asset management journey • Organisational 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

the inaugural Asset Management Symposium in 2021 to discuss the long-term financial sustainability of our sector and its dependence on the successful management of our public infrastructure. The next Asset Management Symposium is scheduled for 21–22 April 2022 in Brisbane.

The 2022 Symposium will build on the content and learnings from 2021 with industry experts and respected practitioners discussing their practical experiences achieving effective outcomes. 19 presentations will address the following topics: • asset management fundamentals • knowing and understanding your assets • asset decision making • asset accounting • innovation • looking forward

The program is relevant to anyone involved with the planning, provision, and management of infrastructure assets and services including engineers, technical professionals, financial professionals, data managers, senior management and elected officials. Please join us! Register online.

e-Learning

IPWEA-QNT is partnering with our colleagues at IPWEA NZ to deliver Asset Management Digital Badges for asset management practitioners. Badges are a visible, shareable and portable digital record that recognises newly acquired knowledge and skills. These micro-credentials complement and supplement qualifications, experience and other professional achievements.

The Badges will develop your skills from introductory through to essential, advanced and specialist levels. These online courses are bite-sized (2-4 hours) making it easy to fit them into a busy schedule. AM 101 introduces principles and key concepts essential to successful asset management and will provide a solid foundation of asset management and why we practice it. The first four asset management badges address managing assets from the outset and together, cover the IMM (Infrastructure Information Management Manual) curriculum.

The range of Asset Management Digital Badges on offer are constantly expanding as we develop more advanced, and more specific areas of asset management practice.

To learn more or to enrol in your first badge, visit our website.