The professional body for whole life management of physical assets

IAM: The Institute of Asset Management
July 2017

Is it a severe case of optimism on my part, or is it possible that it is dawning on governments that short-term policies simply don’t deliver – however much wishful thinking lies behind them?

I heard some interviews of government ministers whilst in Canada recently on holiday; and I was struck by the polite exchanges compared with the rude, aggressive and shallow interviews to which we have become accustomed in the UK.  I do not mean that the Canadian ministers were given an easy ride: only that they were allowed to complete several sentences in answer to a question before being cross-examined.

I listened to a radio interview today that did the same.  With some astonishment, I also heard the (normally confrontational) interviewer accept some arguments.  The outcome was enlightenment on both sides rather than ritual sparring.

The topic was the (undisputed) need for a bigger increase of mental health nurses.  Both parties established that it was already too late to achieve the stated recruitment by the proposed date - because the new people would have had to have been educated already. 

I realise this inexorable logic may be somewhat obvious but the usual political arguments are simply about budgets and policy (and, I sometimes imagine, ‘magic wands’!). 

There was a sort of uneasy silence as both of them realised that there was little more to be said.  Either the Government means what it says and, having committed, must wait longer for the desired outcome or it won’t! 

Do you agree that the same can be said of top management in any organisation?

He who wills the end must will the means…!


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The IAM Annual Lecture - Sir John Armitt

We are really excited to announce that speaking at this year’s Annual Lecture will be Sir John Armitt, CBE FRENG FICE FCGI. 

The Lecture will be taking place on 21 November in London, on the first evening of the Asset Management Conference 2017.

> Full speaker biography and event details

Do you mean Asset Management or Managing Assets?

The ISO Technical Committee responsible for the development of the ISO 55000 standards (ISO/TC 251) recently developed a guidance article to address this question – one is not an alternative of the other!

> Read the article (PDF)

SMRP & IAM Announce Global Agreement

We are really excited to announce a significant new collaboration – the mutual sharing of member benefits with the Society for Maintenance & Reliability Professionals (SMRP).

> Read more about this collaboration

Dates for your Diary

The IAM Asset Management Conference, Lecture, Dinner & Awards
21-22 November 2017
Park Plaza Riverbank, London, UK

The IAM Annual Conference 2018
25-27 June 2018
Hilton Birmingham Metropole, UK

and finally...

I have just returned from an exciting (and less than restful) trip to North America.  It was a wonderful break and I look forward to getting back to IAM activities (and replying to your email, if you have tried to contact me).

No doubt many of you are planning similar holidays over the coming weeks.  If so, I wish you enjoyable and restorative times and I hope you return refreshed.


David McKeown, CEO

Index to Contents
The IAM Annual Lecture - Sir John Armitt
Do you mean Asset Management or Managing Assets?
SMRP & IAM Announce Global Agreement
Dates for your Diary
and finally...

SMRP - a new alliance

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