The professional body for whole life management of physical assets

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Upgrading PAM, introducing SAM


As we rapidly approach the long-awaited publication of ISO55000/1/2, and we see interest in asset management grow at an unprecedented rate, we find ourselves immersed in a very interesting and exciting time for the discipline. A team of volunteers has been busy upgrading the IAM’s tried and trusted PAS55 Assessment Methodology. Project Director Jerry Holdsworth takes us inside the tool’s development process and previews the results.

60 seconds with Chidi Umeano


Chidi Umeano is steering Codub Consulting Ltd. into developing countries, where good asset management principles have a big difference to make.

News: Bay Bridge opens on time thanks to interim fix


A temporary fix has allowed the new east span of the San Francisco–Oakland Bay Bridge to open on schedule, despite damage that was expected to delay the opening until December 2013.

News: Meet the asset performance data hivemind


A Cloud-based service launched in June gives asset managers all over the world the opportunity to access comparative performance data on over 70,000 major machine components.

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New ISO 55000 standard ‘eagerly awaited by world electricity industry’


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News: £700 million coal-to-biomass conversion under way


Energy company Drax, the UK’s largest emitter of carbon dioxide by site, has begun work on converting three of its generators to run on biomass instead of coal.

Global Views: North America


Does asset management need to rebrand itself to get the attention of senior government decision-makers? Jim Dieter responds.

News: Factory train will electrify UK rail faster and for less cost


Testing has begun on the High Output Plant System (HOPS), a “factory train” that will reduce the cost and potentially double the speed of electrifying the UK’s main railway lines.

Fossil-fuelled power plants in a renewable energy world


Remco Frenken, Managing Partner, and Jan Schipper, Managing Director, UMS Group Europe look at how renewables are fundamentally changing the role of fossil-fuelled power plants, and how generation asset management can be used to deliver the highest potential value to the asset owner.

News: Sophisticated weather forecasting, tailored for renewables operators


A new weather modelling system aims to help predict the power output from wind and solar farms more accurately. This means utilities can rely less heavily on back-up power sources such as natural gas, and renewable energy generators can increase output from their plants.

Global Views: Europe


What are the benefits of chartership for the asset management profession? Mick Saltzer responds.

60 seconds with Edmea Adell


Edmea Adell, founder of the French Institute of Asset Management and Information, shares her challenges and career highlights.

60 seconds with Derrick Dunkley


The recipient of the 2012 IAM President’s Award, Derrick Dunkley, reveals how he got to where he is today.

60 seconds with Graham Hodgkins


Working within the public sector adds a whole new layer of challenges to asset management – but with hands-on experience across the sector, Graham Hodgkins is well equipped to tackle them.


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