Asset Management

WHAT IS ASSET MANAGEMENT?

Asset management is an internationally recognised approach to the sustainable management of public works infrastructure and services.

It is concerned with the financial, social and environmental sustainability of delivering services for our communities and the International Standard on Asset Management ISO 55000 defines asset management as:

the coordinated activity of an organisation to realise value from assets”.

Good asset management maintains an understanding of the cost, risk and performance trade-offs in the short, medium and long-term, when making decisions regarding community owned infrastructure assets. 

Asset management is about ensuring the delivery of services that the community values today – whilst delivering certainty for the generations of tomorrow.

IPWEA provides internationally and nationally recognised education, training and advocacy for those involved in delivering public works and engineering services to our communities.



QUICK LINKS


SUBSCRIPTION PROGRAMS
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NAMS+ provides staff in government and other asset intensive agencies access to the tools and templates to develop and update their Asset Management documents, aligned to ISO 55000 and 31000.

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Buildings.PLUS
Buildings.PLUS is a web-based software application that has been designed for people responsible for asset management, facility management and property management in any type of organisation that has a significant portfolio of buildings.

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AUS-SPEC is the national local government specification system for the life cycle management of assets. It is a joint venture between IPWEA and NATSPEC, with the objective to improve consistency, quality, and efficiency in construction through proactive leadership of information.

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PUBLICATIONS

IPWEA has an extensive suite of practice notes, technical guides, codes and specifications available to public works practitioners. These cover asset classes and topics such as roads, stormwater, water supply and sewerage, buildings, parks streetlighting, levels of service, climate impacts, useful life of assets and long-term financial planning.

IPWEA publications are written by industry experts and are continually updated to reflect industry best practice.

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VISIT THE IPWEA BOOKSHOP



HOW TO WRITE AN ASSET MANAGEMENT PLAN

NAMS CANADA

IPWEA has established NAMS Canada Incorporated as a not-for-profit association in Canada to provide access to IPWEA's NAMS+ asset management tools, publications & training. NAMS Canada works collaboratively with municipalities and existing associations in Canada. VISIT NAMS CANADA.

UPCOMING TRAINING


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IN-HOUSE TRAINING

IPWEA's In-house workshops are a cost effective and convenient way to provide training that meets the needs of your organisation.

Presenters are able to customise IPWEA's courses to address the key issues and specific needs of your organisation.

IN-HOUSE TRAINING OPTIONS

ASK YOUR MATES: ASSET MANAGEMENT

  • Posted in: Asset Management

    Dear Friends, Is the cost paid (to Equifax Australia) for getting the Credit Information of a Contractor (before awarding the contract) a Capital Expenditure or a Non- Capital Expenditure? Could you please explain the reason behind your selection? Thank ...

  • Posted in: Asset Management

    Hi guys, I'll be interested in further information about digital fleet asset management and dashboards, thanks. ------------------------------ Tauseef Waraich City of Burnaby Manager Green Fleet and Equipment Burnaby BC Canada ---------------------- ...

  • Posted in: Asset Management

    As a valued member of the Asset Management Community, we are eager to hear your thoughts on areas in need of review and improvement in the current suite of standards. You can 'Reply' so everyone can see your post or 'Reply Privately' if you wish to ...

  • Profile Picture

    Nil value asset?

    Posted in: Asset Management

    I have a bridge which may be vested in council (or not - decision to be made). It is a redundant state asset and could form a link in a cycleway/walking path in the future. It has a long life left in it for this type of use. Can it be taken up at $0 value ...

  • Posted in: Asset Management

    Hi Ashley, great topic that I am sure will get some debate occurring. I am observing that the role of asset management within council's is often seen as the keepers of the asset register information and generally do not undertake hands on asset management. ...

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