The professional body for whole life management of physical assets

IAM: The Institute of Asset Management
January 2017

A very happy New Year, if somewhat after the event!  (I never know when you stop saying Happy New Year when you see an old acquaintance in January.  But my best excuse is to recognise the Year of the Rooster with Chinese New Year this weekend.)

I shall constrain similar comments during the rest of the year, but 2017 has already brought surprises – and it would now be surprising if these ceased!  Our ability to forecast is more limited than ever and even asset management risks usually susceptible to formal assessment may be more challenging.  This is no reason to stop trying.  We need to balance the risk of having no assessment at all when pursuing our purpose.

The IAM is approaching another significant step in our evolution.  Last year was one of turbulence and yet significant consolidation and commitment to a coherent strategy to serve you, our Members, and society.  We have been inverting the organisation and soon the Chapters will have a strong influence not only on strategy but operations.  Together with completion of improved IT (project completion due in March!) and growing staff resources, we shall be better placed to support you in doing the interesting stuff!

I believe that the next meeting of TC251 will result in a much better ISO55002 (Guidance).  With that and emerging interest in so much of the world, we should see an increase of the speed of adoption of asset management philosophy.  We need to be ready to increase sharply the pool of knowledgeable and capable talent!  We also need to make sure our business colleagues recognise the value of what we can contribute.

So have a really exciting 2017!  Let’s ignore the noise and confusion as much as we can and take the long view – as our profession should.


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Annual Conference 2017, Manchester

Regarded as the UK’s first modern industrial city, characterised by its dense urban and industrial developments, iconic architecture and integrated transport infrastructure, Manchester provides the ideal setting for the 2017 IAM Annual Conference.

This year with focus on:

Day 1 - Global Urbanisation & Innovation

Day 2 -  Business Strategy, Investment and Resilience

Day 3 -  Good Practice and the Future of Asset Management

One fee gains you access to the entire three-day event including:

  • World-class keynote presentations
  • The choice of sessions within 5 parallel streams to include:
    • Global case studies
    • Interactive panel discussions
    • Collaborative workshops
  • 2017’s hot topic streams: Global Innovation and Urbanisation, Business Relevance and Strategy and Life Cycle Decision Making & Information
  • A real holistic feel this year with NxtGen & IAM streams focussing on People & Capabilities

You will also enjoy:

  • Fantastic networking opportunities
  • A networking evening Drinks Reception up on Cloud 23, overlooking the iconic Manchester cityscape
  • An unforgettable evening Drinks Reception & Annual Conference Dinner at the Imperial War Museum North, Media City
  • Leading software and service providers on display, to connect with at the onsite Exhibition

Don’t miss out, save £195. Early Bird rate Book online now.

SSGs – Available to buy now!

Three more SSG books have joined the collection.

- SSG 6 & 7: Capital Investment Decision Making and Operations & Maintenance Decision Making

- SSG 16: Reliability Engineering

- SSG 31: Risk Assessment and Management

Digital and printed copies are available to order in the IAM Shop:

We are very grateful to the following sponsors for supporting these publications:

AMCL, Bentley Systems, Copperleaf, WSP Parsons Brinckerhoff, Planifika, KPMG, MTA, National Grid, DPA, Jacobs, EAMS

We’re now recruiting additional volunteers to help produce the content of upcoming SSGs.

Help shape these asset management guidelines and be recognised for your contribution. Click here to find out more and register your interest.


Does anyone care?

Does anyone recognise the amazing work of your team or contribution you make?  We would love to…!

The IAM Awards open for submissions from 1 March 2017.  But this early news means you can be ready to hit the starting gate if you get your ideas together now!

The forms will be available to download and some enhanced guidance will be available in March.  The growth of entries has been encouraging and the IAM plans to raise the profile of these Awards and both Winners and Runners-Up.  So please help us do this and put links to both previous winners and the 2017 Awards wherever you can.

Don’t forget, you can ‘Nominate a Colleague’ and/or their team if you think they have an achievement to celebrate.  We shall need a bigger team of judges soon and we’re always happy to have more volunteers.  So, feel free to let the Office know if you are interested.

Infrastructure Asset Management Exchange, in Partnership with the IAM

The Institute of Asset Management are delighted to be partnering with the Infrastructure Asset Management Exchange, taking place 7 - 9 March 2017 at Hilton Syon Park Hotel, London. 

Senior executives responsible for Asset Management development and investment are invited to attend to connect with peers through business meetings, interactive Think Tank discussions and innovative networking opportunities.

All IAM members qualify for a 25% discount. Find out more information about the Infrastructure Asset Management Exchange on our website.

Dates for your Diary

The Infrastructure Asset Management Exchange
In partnership with the IAM
7-9 March 2017
Hilton Syon Park, London, UK

Asset Management Ecosystem
27-30 March 2017
Las Vegas, Nevada, USA

The IAM Annual Conference 2017
26-28 June 2017
Hilton Deansgate, Manchester, UK

and finally ...

I started with the New Year and I have an excellent reason to close with it, too.  It is the tradition in the UK for Her Majesty the Queen to present Honours on the occasion of her birthday in the summer and also at New Year.

Our Deputy President, Chris Newsome, has been honoured with an OBE for services to civil engineering and carbon reduction.  Many of you will know Chris but, for those who don’t, he is Director of Asset Management for Anglian Water.  You can see more here.

This makes me wonder if we have missed other achievements we should all celebrate of Members who have been recognised for related activity.  I really would be grateful if you could share such information with me, even retrospective.


David McKeown, CEO

Index to Contents
Annual Conference 2017, Manchester
SSGs – Available to buy now!
Does anyone care?
Infrastructure Asset Management Exchange, in Partnership with the IAM
Dates for your Diary
and finally ...

World-class keynote presentations and the choice of sessions within 5 parallel streams

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St Brandon's House, 29 Great George Street, Bristol BS1 5QT +44 (0) 8454 560 565

'The Institute of Asset Management Ltd' is registered in England No. 5056259. Registered Office: Woodlands Grange, Woodlands Lane, Bradley Stoke, Bristol, BS32 4JY
'IAM Trading Ltd' is registered in England No. 4990747 and is wholly owned by The Institute of Asset Management Ltd. See our website for more information.

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