Asset management

Cover of Guide to Asset Management  Overview Part 2: Managing Asset Management
Guide to Asset Management Overview Part 2: Managing Asset Management
  • Publication no: AGAM02-18
  • ISBN: 978-1-925671-41-4
  • Published: 10 July 2018
  • Edition: 3

Part 2 of the Guide to Asset Management describes the ‘management of asset management’, an important topic for senior managers, leaders and influencers of organisational culture. Governance of asset management should be a joint responsibility of senior management and the corporate governance levels of the road agency.

The third edition of the Austroads Guide to Asset Management has been produced to provide guidance to road agencies on the application of contemporary ‘whole of organisation’ asset management practice to road networks. The Guide consists of 15 Parts across three broad themes: management overview, asset management processes, and technical information.

The two Parts comprising the management overview aim to raise awareness among senior executives about the wider role that asset management plays within the agency, how organisational performance can be improved and better outcomes, in terms of cost and service to the public.

This edition of the Guide to Asset Management (GAM) is based on the overarching asset management principles of the International Standard ISO 55000 which has a strong customer and strategic focus. Additions to the GAM include the impact of autonomous vehicles on the road and digital infrastructure, measures to reduce the environmental impact of asset management and the recently-developed practice of reliability centred maintenance. The GAM also documents the outcomes of Austroads-funded research undertaken since 2009, including asset condition monitoring equipment, asset performance prediction models and practices that account for risk. The GAM comprises 15 Parts with some 62 case studies demonstrating how asset management is practiced.