Invited Keynote for Australian Indian STEM Professionals Network's (AI ProNet) inaugural networking function in Brisbane on occasion of India's Engineers day (organised by Ashish @AIProNet

1. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 1
Asset Management
Australia India collaboration on advancing
Asset Management in line with ISO 55000
Dr. Gopi Chattopadhyay
Chair, Brisbane Chapter, Asset Management Council
Email: gopinath.chattopadhyay@amcouncil.com.au
Principal Consultant, Cardno
Gopinath.chattopadhyay@cardno.com.au
Mobile: 0402467737

2. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 2
Outline
1. Why we need asset management?
2. AS/ISO5000:2014 and Fundamentals of Asset
Management
3. Benefits from Asset Management
4. What’s happening in Australia India collaboration
on advancing Asset Management
5. Lessons learned

3. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 3
Why we need asset management?
Granville
18 January 1977, Granville, Western Sydney
83 people died, 210 injured, and 1,300 affected.

4. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 4
Ninety killed in Kolkata hospital fire
Why we need asset management?
AMRI
Loss of Life, Infrastructure & Reputation
9 December 2011

5. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 5
AS/ISO5000:2014 and
Fundamentals of Asset Management
1. Value
2. Alignment
3. Leadership
4. Assurance
Source: AS/ISO 55000: 2014
An item, thing, or entity that has potential or
actual value to an organisation.
Source: AS / ISO55000: 2014, Section 2.3
> AS / ISO 55000 Asset management – Overview, principles and terminology
> AS / ISO 55001 Asset management – Management systems – Requirements
> AS / ISO 55002 Asset management – Management systems - Guidelines for the
application of AS ISO 55001

6. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 6
What are the benefits from asset
management?
> Improved financial performance
> Improved asset investment decisions
> Managed risk
> Improved services and outputs
> Demonstrated social responsibility
> Demonstrated compliance
> Enhanced reputation
> Improved organisational sustainability
> Improved efficiency and effectiveness
•Source AS/ISO55000: 2014, Section 2.2

7. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 7
AMC: Who we are?
> Started in 1984 as a National Panel
> Technical Society of Engineers Australia
> Company Limited by Guarantee, 2010
> Over 1500 members
> Over 100 volunteers and staff form our leadership teams

8. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 8
What is Asset Management?
Lifecycle management of physical assets to achieve the
stated outputs of the enterprise

9. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 9
Asset Management Council
Brisbane Chapter event , Australia

10. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 10
Asset Management Institute
Inaugural event , India

11. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 11
Asset Management Institute
Inaugural event , India

12. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 12
Asset Management Institute
Inaugural event , India

13. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 13
Asset Management Institute
Inaugural event , India

14. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 14
Asset Management Institute
Inaugural event , India

15. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 15
Overview of collaboration
> IIT Kharagpur organised workshops, courses and conference and
provided support
> Inaugural event was attended by over 150 delegates and
represented by industries with outstanding presentations including
presentations from Asset Management Council and Global Forum
on Maintenance and Asset management (GFMAM)
> Ramakrishna Mission Institute of Culture provided venue
> Conem Management Consultants Private Limited sponsored
> Advisory Committee includes academics, professionals from
industries, researchers and students
> Sponsors from industries, Universities and research institutes.
> Asset Management Institute, not-for-profit professional body just
established in India.
> Aligning with Asset Management Council and Global Forum For
Maintenance and Asset Management

16. Document ID: 6500_143v02
Released: October 2010
Document ID: 6500_143v02
Released: October 2010
Partnering
Organisations
© Asset Management Council Slide 16
Lessons Learned
> Opportunities exist in Australia India collaborations in Asset
Management. We need to realise that.
> Good is “No-Good” in todays world: We need to demonstrate
excellence for effective collaboration.
> It takes time to build long relations for mutual benefits.
> Need to demonstrate links with Government levels, otherwise
progress in generally slow.
> Leadership is vital for effective collaboration. Support is needed
from both sides – for guidance, materials, capability, capacity
and relation building.
> Need to understand and respect each other’s cultures to make
collaboration work.