Be rewarded for your asset management prowess

The Asset Management Council is holding its 2011 Asset Management Awards, with asset owners, service providers and organisations responsible for physical assets and their revenue, reliability and safety outcomes encouraged to apply.

The Asset Management Council is holding its 2011 Asset Management Awards, with asset owners, service providers and organisations responsible for physical assets and their revenue, reliability and safety outcomes encouraged to apply.

Now in its 15th year, the Asset Management Awards provides organisations with an industry recognised mechanism to measure continuous improvement in asset management, the Asset Management Council says.

“One of the big realisations that the Awards process provided us was how much we had achieved in improving our asset management systems within such a short period of time. The Asset Management Awards was a great reward for my team, particularly for all the hard work they put in,” says 2010 Asset Management Awards Bronze recipient Richard Ravell, Portfolio Asset Specialist, CS Energy Ltd.

According to the he 2010 Asset Management Awards Silver recipient Jeff Ware, Operations Manager – Windfarms, Transfield Services, it was “enormously valuable” to have the Awards Review Team members assess the company’s operations on-site, provide their feedback and share their expertise.

“The Asset Management Awards has also proven to be a great opportunity to engage our asset managers on the ground, and at the front line,” he said.

The Asset Management Council is reportedly providing enhanced evaluation of capabilities in timelines to individually suit each organisation that enters the 2011 Asset Management Awards.

The on-site review period has increased from 1 day to 1.5 days, which should offer a more in-depth evaluation of an organisation’s approach to the management of its physical assets – during the on-site visit and also within the detailed report compiled by the Reviewers.

Participants can organise their on-site review for anytime during the year, enabling on-site reviews in a period suitable for each participating organisation.

Each applicant’s submission report is based on criteria modelled from the Asset Management Body of Knowledge which comprises of asset management definitions and technical models.

Intention to submit forms may be downloaded from the Asset Management Council website (amcouncil.com.au) and are due at the latest by 25 February 2011.

Past recipients of the AMA have included: Airservices Australia, Aurora Energy, BHP Billiton Iron Ore, EnergyAustralia, HMAS ANZAC, One Steel, Railcorp, United Group Rail, and Woodside Energy.
 

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