40:40 Vision: Celebrations of Asset Management this month

Come and meet Penny and Talking Infrastructure in person! Watch this space for additional details, but here’s the programme so far:

April 15 & 16 AMPeak, Adelaide. Penny and Ruth will be at AMPeak.

April 18, Stantec, Brisbane

April 19, PACoG, Brisbane. Asset Institute, QUT, 11am- 12.30, followed by lunch. Join Joe Mathew and Kerry McGivern along with Penny and Ruth to discuss what we’ve learnt in 40 years – and look forward to the next 40.  Includes a look of what is happening with asset management internationally, in this big year for AM.

April 23, Blue Mountains City Council, Katoomba, 10am to noon. Seminar with Jeff Roorda on Blue Mountains City Council planetary health and disaster recovery experience, plus update on the new advocacy project underway by IPWEA Roads and Transport Directorate (IPWEA RTD – NSW/ACT),   on Lessons Learned from Disaster Recovery, to assist NSW Councils work with Local, Strate and Federal Government Agencies.

April 24, Sydney event, Dawes Point. 6-10pm Harbour View Hotel, 18 Lower Fort Street, Dawes Point, NSW 2000. Using the recent experiences of the Blue Mountains City Council, Talking Infrastructure is holding an event in central Sydney to call for urgent changes in all of our asset mindsets and tools to ensure planetary health, biodiversity and climate change resilience. Meet with Penny, Jeff, Gregory and Ruth, plus local IPWEA. Food provided thanks to AMCL.

April 30, IPWE, Melbourne. Presentation by Penny. Penny and Ruth will be at IPWE until May 3.  There will also be a dinner out in Melbourne for TI friends and colleagues – please let us know if you would like to join us. And bring along your copy of Penny’s book to get signed!

RSVP amis40@talkinginfrastructure.com

RSVP AMis40!

If you are planning to attend our Sydney celebration, please RSVP to: amis40@talkinginfrastructure.com so we can keep an eye on numbers – limited to the first 60! Event is free, includes food and discussion with Penny Burns and Jeff Roorda and a whole heap of old friends and colleagues.

Full update of the 40th year celebration events shortly!

Join us April 24 in Sydney!

Join us at the Harbour View Hotel in the Rocks and help celebrate with finger food and drinks – plus Penny and Jeff on what we have learnt from the last 40 years to help us meet the challenges of the next 40.

Many thanks to Richard Edwards, Lynn Furniss and Matt Miles of AMCL

2024: a Year to Celebrate Asset Management

In April 2024, it will be 40 years since Penny Burns started the whole thing. Talking Infrastructure plans to party like it’s 2024, all year.

2024 also marks milestones for the Global Forum for Maintenance and Asset Management (update of the AM Landscape), ISO (10 years since ISO 55000), and the Institute of Asset Management (30 years since it was founded): there will be a lot happening.

The need for more considered decision making for our future infrastructure has only grown and become more urgent. Asset Managers everywhere know this. Our 40 year celebration will be an opportunity to take this message not only to managers of infrastructure but also to those who decide, design, construct, fund and vote for our infrastructure.

Like infrastructure itself, our purpose is to support the wider community. There is a lot of satisfaction to be had in this and we invite you to join us, and enjoy it too.  What area of Asset Management and decision making particularly interests you?

We are looking to develop a circle of advisors, who, through their interests and work, can have the fun of keeping Talking infrastructure up to date with current issues, and setting its future directions.

Your ideas for celebrating our 40th are also needed and much welcomed. This will include events across Australia in April, and presence at AM conferences and articles wherever and whenever we can.

What did we learn in the last forty years? Where do we need to go in the next 40 years?

TIki goes lively

To coincide with our presentation on the Waves of Asset Management at the IAM Global Conference on June 15, Talking Infrastructure launches: TIki. The wiki for strategic Asset Managers.

To being with, while we build up the content, it’s read-only, but we invite you to join in with further development.

Organized by Wave, we aim to build up an unrivalled knowledge base on Strategic Asset Management, including access to the best of… Strategic Asset Management, Penny’s biweekly newsletter from 1999 to 2014, as well as more on Building an Asset Management Team, and through DAN and other networking with AM leads in North America and beyond. And don’t miss an episode of The Story of Asset Management, which for Penny was always about being strategic.

On Wave 3, Infrastructure Decision Making, we are using TIki to capture thinking on future friendly assets – better questions, some of them hard, particularly in this era of ‘Build Back Better’ trillions.

For Wave 4, we aim to start to nibble away at how to integrate infrastructure and planetary health, starting with the initiatives at Blue Mountains City Council.

TIki already has many pages, and many more to come. It’s easy to follow your curiosity, as well as backtrack via the trace.

Click on TIki in the top menu bar, and start your exploration now!

“Did AM turn out the way you expected?”

Aneurin Hughes, Cardno, asked me this question at AM Peak last week.

It got me thinking and I realised that I never had an expectation, or long term vision, and I still haven’t.  If it was hard to see the future back then, it certainly hasn’t got any easier now.

And yet, without any formal long-term planning, we have made incredible strides.  Which is what makes looking back to where we started so fascinating. 

I had certain things I believed in – that we needed to know WHAT we were doing, WHY we were doing it, and how much it was COSTING us – for these were necessary to make sensible decisions.  These were basic so I was surprised to find so little attention to them when it came to infrastructure. 

Today these same questions still apply – but now we are able to tackle them in far greater depth and complexity.  And I think that ability (and the desire to apply it) is what has changed the most over the last almost four decades.  Once we thought of WHAT in simplistic physical and immediate terms, now it embraces the impact we have having on the environment and on society now and into the future.  The WHY question which used to be ‘what’s in it for us’ where the ‘us’ was the supply organisation, now looks further and is forcing us to have a greater understanding of the role of infrastructure beyond its mere ‘job creation’ aspects, to consider the myriad ways in which infrastructure interacts with the way we ‘live, work and play’. 

The question of COSTS is perhaps the most controversial one we are dealing with today.  Initially we knew almost nothing and a lot of the early development of AM focused on understanding this better. At first we just looked to the financial cost to the supply organisation and ignored those external costs that fell on users, or on the community – both now and future. These are now, at least, being discussed, but we still have some way to go before we make the necessary institutional changes that will enable the issues being discussed to be implemented. In the meantime, so many incentives remain counter-productive.

So my answer to Aneurin was, of course, ‘No’, because I had no theoretical long term vision.  Instead my approach to AM was more pragmatic, more incremental, I just tackled the next problem that I could see.

QUESTION: Do you have a vision? If so, what are the next steps on the way to achieving your vision?

We have uploaded Chapter Two of ‘Asset Management as a Quest’ today.

How Asset Management Began

It is now almost 40 years since Asset Management started.  To celebrate, Talking Infrastructure is producing a history of the development of our discipline, now a recognised industry and moreover one for which there is excess demand.

‘Asset Management as a Quest’ is the first in this four volume series and it covers the period from 1984 to 1993. While future volumes, each covering one decade, will call on the ideas, experience and stories from many leading practioners, the first volume is told by Dr Penny Burns, and it is the story through her eyes.  

Part One, consisting of 4 chapters, was first published in July 2021.  It is now revised and we will be presenting the whole volume, all 20 chapters, one chapter at a time each fortnight. You can find the first chapter, ‘How Asset Management Began’ here.

Information on how you can be part of Volumes 2-4 coming shortly – so, if you have not yet joined Talking Infrastructure (it’s free!) do so, and you will be the first to be advised.

The Platypus Diaries 7

Dreamstime 8006583 @Hocusfocus

A new world, new questions

Today is the 5th Anniversary of Talking Infrastructure. It was created in July 2016 to consider the new world we are now in – and the new questions this world and its challenges requires.

It is now massively evident that whereas a focus on competition to secure the success of individuals and individual companies has generated much that we enjoy today, it has also generated serious problems, of which climate change and social inequity are just the most visible.

Infrastructure – problem or solution?

While we may be reluctant to admit it – infrastructure has been a large part of the problem! Every infrastructure does considerable environmental damage. And not every infrastructure generates commensurate community benefit. A few months ago, I said’ Goodbye to our Talking Infrastructure Guy’, – and explained what was wrong with our current attitudes to infrastructure. Today he is formally replaced as our icon.

So welcome our new icon – the Australian platypus – symbolic of the collaboration we so badly need. The platypus was originally regarded as a joke, for it was considered an impossibility, being so many different animals all in one. And this version of the platypus reflecting our aboriginal culture is particularly appropriate. The Australian aboriginals are the oldest civilisation in the world sustaining the land for over 50,000 years. That’s resilience! And they have done it by a focus on community, rather than self, and a veneration for the land that supports us.

If we want a future that will support our children and theirs, we need to embed these iconic qualities of community, resilience, and sustainability in all of our decisions – and especially in our long term infrastructure decisions – from new and renewal to ongoing maintenance and even to eventual withdrawal.

What questions do we now need to ask ourselves in order to secure this future?

Hint: They are not the questions that we started with in asset management and which I discuss in volume 1 of our series, The Story of Asset Management. Consider the ten questions I pursued in the first 10 years (1984-1993) which you can find here Or, to see the questions in context, see “Asset Management as a Quest – contents”.

After you read these questions, consider to what extent we have already solved (or at least know the solution to). Then ask yourself what the questions for the next ten years should be.

And, if you would like to see how I came up with these questions to start with, you may enjoy the first chapter of “Asset Management as a Quest” which you can find here. The full volume will be available in the New Year.

What do you consider the most important questions? Please add them below.

The Platypus Diaries 6

Light show at Taronga Zoo, Dreamstime 93955890 @Esmihelit

Our latest project! The Story of Asset Management

I hope you have been enjoying Ruth’s platypus posts on our blog as much as I have – and reflecting on the interesting and critical question she has been exploring, namely, what does it mean to be an asset manager?  

This is not a simple question to answer.  Which is why it needs thinking about.   I have been doing much thinking about it over the past few months as I have worked on the first volume of Talking Infrastructure’s 4 volume narrative, ‘The Story of Asset Management’. 

Each of the four volumes covers one decade, starting in 1984, to be finished by the end of 2023.  Each volume has its own theme: 

  1. Asset Management as a Quest. 1984-1993
  2. Asset Management as an Opportunity.  1994-2003
  3. Asset Management as a Discipline.  2004-2013
  4. Asset Management as a Business (and beyond?) 2014-2023 

Team work

As Ruth has shown in her recent posts, Asset Management needs a team. 

Our story of asset management is the story of how those teams developed, how they came together over key ideas, how they fought with each other and supported each other – and became the very special kind of multi-disciplinary, multi-national tribe we are all part of today. 

You are wanted!

If you would like to be part of the story we tell, become member of Talking Infrastructure today and we will let you know more.

The Platypus Diaries 5: Making Waves


Dreamstime.com/ 187958062 © Meg Forbes

The world of infrastructure Asset Management has had the benefit of an evolutionary model for several years: the ‘Waves’ of Penny Burns, to make sense of how organisations seem to have to go through a period of focus on basic information (Wave 1, Asset Inventory) before they really look at how to use it to make better decisions, to start optimising (Wave 2, Strategic Asset Management).

Before that, I confess, I struggled to express what was going on: how could people get stuck in data and databases?  I don’t know that I fully understand, still, but I least I recognise it now – that having a list of all your assets, simple facts like install date and location, and a big dumb database to put it all in preoccupied so many of us for so long. 

Penny herself seems not to have spent too much time worrying about this, but always had a vision way beyond it. She assumed we would have a grip on lifecycle costs, thinking longer term, and planning ahead, and get down to acting smarter on our asset decisions.

And now, as we work together to capture our collective history and development, we are really looking forward to the next Wave. To really so much better infrastructure decision making that is fit for purpose, through the rest of this turbulent century.

Look out for celebrating our history on July 29th!