The Asset Management Council has been in existence for almost 25 years and has been a global leader in advancing Asset Management best practices in Australia and around the world. It has been a pleasure to work with our counterparts who are leading a global movement and we are happy to provide insights from them this week on ALN Th@3 pm ET, and next week on the web program
Value and Benefits from Asset Management Wednesday 23 October at 5 pm Eastern
. See more below in People and Sources.
The Andrew James Advisory Group provides training and consulting services for organizations focused upon the application and use of ISO 55000.
People
Peter Kohler
, Asset Management Council, Executive Liaison Officer, and
Sally Nugent
, Asset Management Reflections, were among the founders of the Australian Asset Management Council. In conjunction with the ALN, they established the Values and Benefits from Asset Management web series, which highlights repeatable success stories from many different industries. They led the initiative to start a
“sentiment” survey
to begin tracking how people feel about the impact of Asset Management in their respective countries.
Jack Kelly
, ALN Board of Directors Member joined them in recorded program about the importance of the survey. We will play the recording as a prelude to a live discussion on the topic in this week’s ALN Th@3 pm ET. Register at this link.
Sources
AM Framework
Nicholas Phillips, Executive Director, MACE Consulting,
was one of the other people who helped found the Asset Management Council. He went on to be a contractor for the Victoria State Government Treasury and Finance Department, which established a publicly available
Asset Management Accountability Framework
to guide state and local governments to improved performance. There are guidance documents and an Excel compliance tool worth reviewing at the link above. Mr. Phillips will be presenting about the survey results from those who have worked with the Framework at the
Value and Benefits from Asset Management Wednesday 23 October at 5 pm Eastern
.
Ideas
We
have been strong advocates of using Artificial Intelligence to
improve Asset Management for organizations. There has been a clear
understanding of the amount of server space, energy use, intellectual
property issues, and other implications of this new technology.
Character, a blog based in Sweden, lays out in greater detail deep
issues related to Artificial Intelligence that are worth deep
consideration. See the article at this link.
.
Upcoming Events
Oct. 24 – 5 pm Eastern – The “Value and Benefits from Asset Management” team will discuss U.S. and Australian results from a survey designed to understand the impact Asset Management has had on both organizations and society at large. Register at this link.
Take the Survey
A 10-question survey was created to begin recording “sentiments” about the impact of asset management on an organization or a region. The Value and Benefits from Asset Management team generated a short survey to begin and annual review of where Asset Management is on a national basis. The survey has a field for “Country’’ to allow collected data associated with a nation. This survey is expected to be completed annually, enabling the long-term effect of Asset Management to be assessed in an ongoing manner. The survey can be completed in less than 10 minutes and is available at this link.