The professional body for whole life management of physical assets

IAM: The Institute of Asset Management
October 2011

I'm writing this introduction whilst attending a meeting of the Global Forum that coincided with the American Society of Maintenance & Reliability Professionals in Greensboro, North Carolina.  We had a very warm welcome and we are delighted that SMRP clearly wishes to collaborate with the growing GFMAM family.  You can read a brief Communiqué here.

Last week there was a very intense and productive meeting of PC251, the committee drafting ISO55000/55001/55002.  It is very exciting to witness the growing interest and engagement in the United States and Canada both in the development of the ISO and also the maintenance and asset management community generally. 

It was a pleasure to meet so many members and other interested people and I feel very positive about the obvious willingness to collaborate and support each other rather than compete.  Thank you very much for your generous hospitality and partnership.


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'Hot off the press..!'

I am pleased to report that the second meeting took place between 10th October - 14th October of the ISO Project Committee 251 (ISOPC 251) in Arlington, near Washington DC.  The next is in Pretoria in February and then in Prague in June 2012

It was a great success.  The challenge was immense: to restructure the three documents whilst revisiting some big concepts and principles.  However, as you can read in the official Communiqué, we managed to achieve such progress that all three were unanimously voted to Committee Draft status.  The next round of comments must be submitted by the end of this year and we are planning a detailed process to involve the whole UK Mirror Committee in that process.

I am most grateful to everyone who attended for helping me throughout the week (as temporary Chair).  However, I want to express my special thanks to Christian Roberts, Navil Shetty and John Woodhouse, who were the official UK Delegation. 

If you want to know more, please read the latest communiqué, ISOPC 251 2nd Meeting Communiqué


There is too much material for a Newsletter.  You can get a sense of the ground we covered from the Communiqué mentioned in my introduction.  We shall add more pages to our website shortly to let you know about the growing membership, updated objectives and greatly increased activity.  The IAM is hugely encouraged by the new arrangements, which allow GFMAM to welcome any eligible not-for-profit membership organisation that is aligned with our aims - and GFMAM should become a force for much wider understanding and aligned thinking. 

Queensland University of Technology

As a Learned Society we are always ready to help assist the academic side of Asset Management.

Dr Cameron Newton, Associate Professor at the School of Management, part of the Queensland University of Technology is undertaking research alongside the Cooperative Research Centre for Infrastructure and Engineering Asset Management (CIEAM)

Their aim is to assess the skills and competencies required of engineering and asset management personnel, across different industry sectors and at different organizational levels.   

They have drawn up a survey in order gather the information. The survey is 15 to 20 minutes in duration. It can be accessed and completed online. If you wish to participate then please follow the link below.  

Please click here to take part in the survey.

(Please note: The Survey is not part of the IAM's research. Any information submitted is not seen or held by the IAM) 

- FULLY BOOKED - IAM Annual Dinner

Due to overwhelming demand I can report that the IAM Annual Dinner is now fully booked. The gathering at Savoy Place sold out in record time. With guests coming from all over the globe it is proving to be a popular event, once again. I look forward to seeing you all there for what promises to be a most enjoyable evening.

However, if you missed out on a place at the Annual Dinner, don't worry.  There are still places left for this year's Annual Lecture and the Asset Management Conference. Both can be booked online. Please follow this link to book now.   

There may also be one last opportunity for sponsorship if you act quickly.  Please contact the office asap...

Dates For your Diary


30 Nov - 1 Dec 2011  - The Asset Management Conference 2011 London: Savoy Place

1 Dec 2011 - Transport Asset Management 2011 London: One Great George Street

19 March - 21 March 2012  -  Infrastructure Asset Management Exchange - Chelsea FC, London



and finally..

I am pleased to say that our membership is growing strongly and so is our work plan.  Watch out for requests to help in a variety of different ways.  Your Council is making detailed plans to discuss options with anyone willing to volunteer some time and/or expertise (including language abilities so we can translate our website and other publications).

Meanwhile, I hope you are as excited and happy as I am to see the IAM in such good health and the growing worldwide community of asset management starting to become active everywhere.  Do spread the word wherever you can!


David McKeown
Chief Executive

Index to Contents
'Hot off the press..!'
Queensland University of Technology
- FULLY BOOKED - IAM Annual Dinner
Dates For your Diary
and finally..

ISO Update October 2011

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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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