Asset Management, 40:40 Vision: 

Dr Penny Burns was the first economist employed by the South Australia state water authority where, in 1984, she recognized the absence of information needed for managing the cost and timing of renewing aging infrastructure. To address the problem, Penny developed a model which was then extended to all major State infrastructure. Through eight Parliamentary reports, the idea of Asset Management spread across Australia and became what we now practice as Asset Management.

Webinar Overview: 

In 2024, Asset Management turns 40.  Forty years ago this coming April, Dr Penny Burns proposed the idea to the South Australian water authority, and developed a prototype, which she then extended to state infrastructure generally.

We can now see that Asset Management develops in ‘waves’, starting with what we call ‘Asset Inventory’, and progressing to Strategic Asset Management (where most of us in the IAM are at the moment). The next wave is Infrastructure Decision Making, looking to future fitness and resilience, to prosperity over growth, and infrastructure in circular economies.

In this webinar Penny and Talking Infrastructure colleague, Ruth Wallsgrove, look at this third wave considering how what we have learned in the last 40 years can help us address the next 40. It is also an occasion to celebrate the publication in October 2023 of The Story of Asset Management, Penny’s account of how Asset Management started and grew in its first decade.

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Please Note:

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