Asset management

Cover of Guide to Asset Management Processes Part 10: Asset Management Implementation and Improvement
Guide to Asset Management Processes Part 10: Asset Management Implementation and Improvement
  • Publication no: AGAM10-18
  • ISBN: 978-1-925671-49-0
  • Published: 10 July 2018
  • Edition: 3

Part 10 of the GAM expands on content introduced in Part 2: Managing Asset Management. The following five key areas that ensure the successful implementation of asset management across the organisation are discussed:

  1. defining roles and responsibilities
  2. developing asset management plans
  3. delivering asset management activities
  4. providing guidance and techniques for asset management status assessment
  5. continuous improvement planning and monitoring for all activities.

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.

Asset Management Processes addresses business processes and enablers associated with the asset management business cycle. It also provided guidance on how to determine and plan to address stakeholder/community expectations. formulate and review asset strategies, develop works and investment programs, assess asset performance, undertake audits and asset valuations, and develop asset management improvement plans.

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.