What does a good asset management strategy look like?

In this article, we offer a detailed example of what a good asset management strategy may look like in the context of ISO 55000 and ISO 55001.

Asset management strategy vs. Strategic Asset Management Plan (SAMP)...

Let’s explore an approach that will generate a Strategic Asset Management Plan that is useful and usable, using the ISO 55001 and ISO 55002 standards.

The vital importance of asset management objectives

Let's discuss the vital role that asset management objectives play in the asset management planning process. Without clear asset management objectives, you risk taking your organisation in the wrong...

My time at Assetivity so far

Graduating from university is always an exciting and nervous time for any young graduate. I was lucky enough to start work with Assetivity, a well-renowned company that specialises in...

Meeting asset management stakeholder needs and expectations

ISO 55001 places great emphasis on making sure that an organisation’s asset management system meets the needs and expectations of its stakeholders. Let's discuss why this is important.

COVID-19: Assetivity office update

Our team will now be working from home, but can still be reached as normal by email or phone. All office phone lines are being diverted to mobile phones.

Our response to COVID-19

As concern around COVID-19 continues to grow, we are working hard to ensure the health and well-being of our staff, our community, and our clients.

How do I become an Asset Management Assessor?

To become a certified ISO 55001 auditor you need to meet the competences outlined in ISO 17021-5:2013 - Part 5: Competence requirements for auditing and certification of asset management...

Planning and scheduling: getting the basics right

How do we ensure that planning and scheduling department processes are performed effectively? By understanding the function and boundaries of the two processes.

ISO 55010, what’s it about?

Finance is an integral part of Asset Management. Value can be financial or non-financial, and achieving the balance between these requires coordination across an organisation.

ISO 55010:2019 has been published

This is a companion document associated with ISO 55001:2014, the global standard for asset management, that provides guidelines to enable organisations better understand why, and how alignment between these...

We optimised our preventive maintenance without realising it

Review your preventive maintenance tasks. Commission a PMO process for your plant and equipment. You may be surprised at how much maintenance you don’t need to be doing.

Have you outgrown your perfect repairables management system?

The system was perfect. Everyone knew what to do when a component failed. Everyone knew how to determine where to send the part for repair.... then Bill left.

Asset Performance Management (APM) – Key implementation issues and...

Let's discuss the challenges that we have observed our clients struggle with as they have implemented their APM solutions, and how to avoid falling for these same traps.

Asset Performance Management (APM) – What is an Asset...

What is an APM system, where does it fit in the Asset Management information system landscape, and what you should hope to achieve through implementation?

AMPEAK 2019 – Key issues, trends and lessons from...

AMPEAK, the annual conference of the AM Council, is Australia’s peak conference for asset management. We have put together a list of the key takeaways from this year.

Enterprise Asset Management (EAM) and Asset Performance Management (APM)...

Can you make sense of your asset related data? Can you use this data to optimise your business? Integrating data from the EAM system is not always smooth sailing.

Are organisations still struggling with competency frameworks?

Even with access to extensive resources on the requirements of an effective asset management competence framework, businesses still seem to struggle to sustain capability.

Feedback from our 2018/19 summer vacation program

Our summer vacation program is a paid opportunity for engineering students in their penultimate year of study to gain some practical experience, build networks and expand their CVs.

The importance of a no-blame culture for safety and...

It seems to be a common human reaction to any major adverse event that one of the first, emotional responses is to try to find someone that we can...

How to prioritise maintenance work orders

Almost every Computerised Maintenance Management System (CMMS) contains a field where you can set the work order priority, but few define how it is to be used.

Availability vs reliability: which is more important?

There is often confusion among those new to maintenance management and reliability improvement regarding the difference between availability and reliability.

Planning pitfalls – industry lessons learned in maintenance planning...

Let's explore the planning process and five of the common improvement opportunities we commonly observe, from supply relations to stakeholders.

Scheduling pitfalls – industry lessons learned in maintenance planning...

In this second article in our maintenance planning and scheduling series, we explore five of the common issues that affect the scheduling process.

“The Big Picture” – industry lessons learned in maintenance...

Most organisations that carry out equipment maintenance have a planning and scheduling process in place, ranging from a basic systems to CMMS.

Creating the environment for successful root cause analysis

Experience tells us that, in practice, there are several barriers that inhibit the success of implementation of Root Cause Analysis (RCA) practices.

Why you don’t need software to perform root cause...

A growing number of root cause analysis processes are being supported by software. We need to be careful not to oversell the benefits of software in effective RCA.

Why team-based approaches to root cause analysis are more...

There is a school of thought, particularly among more highly qualified engineering personnel, that problem solving and root cause analysis is best performed by “experts” in their fields.

Asset Management Accountability Framework Gap Assessment for Royal Women’s...

We assessed compliance with the Asset Management Accountability Framework, a framework aligned to ISO 55001 that is catered towards Victorians.

Why root cause analysis is not just ‘common sense’

Let's discuss some of the practical issues surrounding root cause analysis implementation within organisations, and how to obtain success from these processes.

Conducting gap assessments and implementation: Asset Management Accountability Framework...

In February 2016, the Department of Treasury and Finance introduced the AMAF, which is aligned to ISO 55001 and catered towards the Victorian public sector.

Putting a value on maintenance and reliability improvement

Let's consider how to obtain value in maintenance and reliability improvement projects, and approaches that we can take to estimate value from the improvement.

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