Strategic Asset Management Development
The Strategic Asset Management Development branch was set up for a finite period to work as a specific and dedicated team, working across all divisions, to develop asset management plans for all PTA infrastructure and rollingstock, ensuring a good understanding of the principles of asset management across the organisation.
During the year under review, the PTA finalised a management framework consisting of an asset management policy, strategy and guidelines and supporting procedures to ensure sound management of its assets. This framework follows BSI PAS 55:2008, which was developed by the Institution of Asset Management (IAM) and is to be replaced by ISO 55000 series on asset management (currently in draft).
The branch made significant progress in the implementation of the asset management framework. Already we are starting to see the outcomes of taking a whole-of-lifecycle approach to assets including more accurate prediction of asset life, replacement and maintenance costs.
During the year each area of Network and Infrastructure (N&I) finalised an Asset Management Plan (AMP) covering all classes of assets in their discipline. They developed a summarised AMP for each class of asset with brief details including criticality of asset, level of service, estimated life, lifecycle strategies and funding required (maintenance and capital).
Training and awareness courses were undertaken in asset management, including Certificate IV in Maintenance Management, Asset Management Fundamentals and Reliability-centred Maintenance.
Five maintenance planners have been appointed and all disciplines of N&I have their maintenance planning completed, at least to the detail where work can be scheduled to the relevant discipline by specific equipment.
Significant progress has been made with the upgrade of the PTA’s EAM System from Ellipse 5.3.2 to 8.3. System design is being undertaken with deployment planned for December 2012. The strategic asset management function, plans and policies are evolving into “mainstream’ practice across all PTA divisions.