IPS, a Sequana company, has launched a new Asset Management Good Practice Assessment to help water authorities and regional councils strengthen asset management capability and get better long-term outcomes from critical infrastructure.
Ageing infrastructure, constrained budgets and growing community expectations are placing increasing pressure on water authorities and regional councils to make better decisions about the assets they manage.
Yet for many organisations, knowing where to start when improving asset management capability can be a challenge.
IPS, a Sequana company, has launched a new Asset Management Good Practice Assessment designed to provide an independent view of an organisation’s current position and a practical roadmap for improvement.
The assessment is based on the new Asset Management Good Practice Guide developed by Sequana, which provides a practical framework for assessing asset management across the full lifecycle, from planning and acquisition through to operations, maintenance, renewal and disposal.
It aligns with ISO 55000 principles and Global Forum on Maintenance and Asset Management (GFMAM) good practice, while recognising that every organisation has different levels of maturity, resources and priorities.
General Manager – Asset Management, Michael Mitchell, said the aim was to give organisations a practical and achievable starting point.
“Many councils and water authorities understand the principles of good asset management and know there are areas where they could improve, but identifying priorities and deciding what to tackle first can be difficult,” Michael said.
“This assessment gives organisations an independent view of their current practices, highlights the most important gaps and provides a clear, prioritised pathway forward,” he said.
“The focus is on practical actions that can improve decision-making, governance and long-term planning, rather than pursuing compliance for the sake of compliance.”
The Asset Management Good Practice Assessment includes a structured review of current practices, a maturity benchmark identifying strengths and areas for development, a gap analysis and a tailored improvement roadmap.
Participants also receive a copy of the Asset Management Good Practice Guide, which defines good practice across leadership and people, systems, processes, capability and artefacts.
Michael said the service was particularly relevant to regional councils managing extensive infrastructure networks with limited resources.
“Regional organisations are often responsible for critical assets across large geographic areas and have to balance service levels, risk and affordability with finite budgets and capability,” he said.
“Better asset management supports more informed investment decisions and helps organisations focus their available resources where they can deliver the greatest value.
“You don’t need to transform everything overnight. The important thing is understanding where you are today and having a realistic plan to keep improving.”
The assessment can support stronger governance and accountability, improved asset data and information management, better alignment between corporate objectives and asset investment, and enhanced long-term lifecycle planning. It can also provide a practical pathway towards ISO 55001 alignment where desired.
To learn more or book an Asset Management Good Practice Assessment, contact Michael at michael.mitchell@ipsorg.com.au.
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