Panels

Better than Best Practice – Strategic Asset Management Plans

Convener: Professor Kerry Brown, Edith Cowan University, Perth, Australia

 

Preamble: Contemporary asset management reflects the general movement to move away from asset maintenance to focus on the bigger picture of life cycle asset assessment, including strategy, risk measurement, safety and environment and human factors. There is also increased awareness that infrastructure assets are the means to deliver services to fulfil citizens’ and their communities’ needs and requirements.

Motivation: Strategic Asset Management Plans are at the forefront of these changes as they signal a shift from simply planning for asset acquisition and ongoing maintenance to a strategic view about determining the purpose and objectives of assets to support the objectives of the organisation. However, it is often unclear how to formulate and develop SAMPs from a strategic perspective and to generate a long-term perspective for assets and service delivery through those assets.

This Panel will discuss next generation examples and latest thinking about SAMPs.

Members:

  • Dr Monique Beedles, Managing Director, TeakYew
  • Tina Watkins, Network EAMS Mobility / Assurance Manager, Queensland Rail
  • Christine IP, Principal, Client Advisory, Queensland Treasury Corporation

Biography:

Professor Kerry BROWN is Professor of Employment and Industry in the School of Business and Law at Edith Cowan University, Perth Western Australia. She obtained her Ph.D degree from Griffith University in Industrial Relations and Policy in 1989. Professor Brown has published extensively in areas related to organisational management, asset management and public management. Active in applied industry research, she has been awarded numerous national competitive grants. Professor Brown has also served as consultant for many organisations, including local, state and federal governments and community organisations.  She is currently a Founding Fellow and Board Member of the International Society of Engineering Asset Management, a Board Member of the Australia and New Zealand Academy of Management and a member of the ISO Technical Committee TC251 for ISO55000 Asset Management.


How to improve Asset Management Performance Assessment Systems?

Convener: Professor Melinda Hodkiewicz, University of Western Australia

M.R.Hodkiewicz[1], R.Schoenmaker[2], A.Crespo Marquez[3], J.P.Liyanage[4]

[1] M.R.Hodkiewicz, University of Western Australia, [2] R.Schoenmaker, Delft University of Technology, Netherlands, [3] A.Crespo Marquez, University of Sevilla, Spain, [4] J.P.Liyanage, University of Stavanger, Norway

Performance assessment systems are like the weather forecast: they start by telling us what the weather was today.

Performance assessment systems tell us how we have done in yesterday’s circumstances fulfilling yesterday’s needs. These systems are frequently criticized for encouraging short-term behavior, lacking strategic focus, stimulating sub-optimization, creating a lack of ambition and influencing managers to minimize variances rather than seek to continually improve. How can we improve performance assessment systems to help us meet customer’s needs in today’s and tomorrow’s dynamic world? In this session, we first introduce challenges we face. Next we will look at the possibilities to improve performance assessment systems. We propose and discuss six areas for improvement:
#1 – Develop a whole of organisation approach
#2 – Model causal effects using system dynamics
#3 – Focus on customer value not the asset
#4 – Build a dynamic and varied PMS
#5 – Not all indicators need targets or consequences
#6 – Avoid over-reliance on the PMS

Biography:

Professor Melinda Hodkiewicz will facilitate the panel session on “How to improve Asset Management Performance Assessment Systems?” This is based on pre-work and a paper with her co-authors Dr. Rob Schoenmaker, Delft University of Technology, Netherlands, Professor Adolfo Crespo Marquez, University of Sevilla, Spain and Professor J.P.Liyanage, University of Stavanger, Norway. Collectively they bring many years of experience of working with industry on performance measurement systems. Melinda was appointed BHP Fellow for Engineering for Remote Operations in 2015. In addition to her academic responsibilities at the University of Western Australia she sits on the Board of the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) and on the Advisory Committee for METS Ignited, the Federal Government Growth Centre for the Mining Sector. From 2012 to 2015 she chaired the Australian Committee for the ISO 55000 series of asset management standards and in 2016 was awarded the MESA Medal. In 2016 she started the UWA System Health Lab which provides a dynamic environment for engineering, computing and mathematics students to work on challenging multi-disciplinary projects aimed at improving the maintenance of assets. The Lab is proud to have won four Unearthed Hackathon Young Innovator’s awards in the last two years.

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