Applying Asset Management

THIS VIDEO IS FROM THE FREE COURSE - GFMAM Asset Management Landscape | Organisational Change Management (OCM) perspective (https://elearning.applyingassetmanagement.com)

This video introduces Subject 1.1 – Organisational Purpose and Context from the GFMAM Asset Management Landscape (Version 3, 2024).
It explains why organisations must clearly define why they exist, what they must achieve, and how asset management supports those objectives.

The video explores:

How organisational mission, vision, and strategic objectives connect to asset management purpose.

~How internal and external factors — including laws, culture, economy, environment, and stakeholders — shape organisational context.
~How to establish system boundaries and maintain alignment across business functions.
~The importance of reviewing and adapting the asset management approach as circumstances change.

From a leadership and change management perspective, this subject focuses on creating a clear line of sight between purpose, strategy, and operational decision-making. It also addresses typical risks such as misalignment between departments, unclear stakeholder expectations, poor adaptability to change, and weak cultural integration — and suggests practical remedies for each.

This subject correlates directly to the following clauses of ISO 55001:2024:

~4.1 Understanding the organisation and its context
~4.2 Understanding the needs and expectations of stakeholders
~4.3 Determining the scope of the asset management system

To explore further:
https://elearning.applyingassetmanagement.com
— On Demand Training
https://www.structuredchange.com.au
— Change Management supporting Asset Management

#AssetManagement #GFMAM #ISO55001 #OrganisationalContext #Leadership #ChangeManagement #StructuredChange #ApplyingAssetManagement #AssetManagementSystem #BusinessAlignment #StrategicObjectives #Governance #StakeholderEngagement

THIS VIDEO IS FROM THE FREE COURSE - GFMAM Asset Management Landscape | Organisational Change Management (OCM) perspective (https://elearning.applyingassetmanagement.com)

This module explores Subject 1.2 – Stakeholder Management from the GFMAM Asset Management Landscape (Version 3, 2024).
It outlines how organisations can systematically identify, understand, and engage the stakeholders who influence or are affected by asset management decisions.

The lesson explains how to:

~Identify internal and external stakeholders and understand their needs, expectations, and influence.
~Develop and implement structured engagement, consultation, and communication plans.
~Monitor stakeholder satisfaction and address concerns in a transparent and consistent manner.
~Integrate stakeholder perspectives into decision-making across the asset life cycle.

From an Organisational Change Management (OCM) perspective, this subject focuses on how effective stakeholder engagement underpins successful change adoption. It highlights the need to:

~Map influence and interest accurately to identify key supporters and potential resistors.
~Use clear communication and leadership visibility to build trust and alignment.
~Address resistance by explaining the rationale for change and involving stakeholders early in the process.
~Consider cultural and social dimensions to ensure inclusive engagement practices.
~Establish continuous feedback mechanisms that demonstrate how stakeholder input drives improvement.

This subject aligns with ISO 55001:2024 clauses:

~4.2 Understanding the needs and expectations of stakeholders
~5.2 Asset Management Policy
~8.1 Operational planning and control, including lifecycle management

To explore further:
https://elearning.applyingassetmanagement.com
— On Demand Training
https://www.structuredchange.com.au
— Change Management supporting Asset Management

#AssetManagement #GFMAM #ISO55001 #StakeholderManagement #Leadership #ChangeManagement #OrganisationalChangeManagement #StructuredChange #ApplyingAssetManagement #Governance #Engagement #Communication #StakeholderEngagement #BusinessAlignment #AssetManagementSystem

THIS VIDEO IS FROM THE FREE COURSE - GFMAM Asset Management Landscape | Organisational Change Management (OCM) perspective (https://elearning.applyingassetmanagement.com)

This module explores Subject 1.3 – Asset Costing and Valuation from the GFMAM Asset Management Landscape (Version 3, 2024).
It focuses on how organisations identify, record, and manage the financial value of their assets throughout the life cycle to inform effective decision-making.

The lesson explains how to:

~Track all asset-related costs across design, build, operation, maintenance, and disposal stages.
~Determine accurate asset valuations for accounting, reporting, and strategic decision support.
~Align financial and asset information systems to create consistent, reliable data.
~Apply life cycle and total expenditure (TOTEX) thinking to improve investment and planning decisions.

From an Organisational Change Management (OCM) perspective, this subject explores the behavioural and cultural changes needed to integrate finance and asset management disciplines. It considers how to:

~Align finance and operational teams through shared data standards and collaboration frameworks.
~Build transparency by helping teams understand the relationship between CAPEX, OPEX, and total value.
~Facilitate cross-functional decision-making that balances financial, risk, and performance outcomes.
~Manage resistance arising from regulatory or accounting changes through clear communication and training.
~Strengthen stakeholder confidence by demonstrating transparency, traceability, and evidence-based reporting.

This subject aligns with ISO 55001:2024 clauses:

~6.2 Asset management objectives and planning to achieve them
~8.1 Operational planning and control, including life cycle management
~8.2 Control of change

To explore further:
https://elearning.applyingassetmanagement.com
— On Demand Training
https://www.structuredchange.com.au
— Change Management supporting Asset Management

#AssetManagement #GFMAM #ISO55001 #AssetCosting #AssetValuation #FinanceAlignment #ChangeManagement #OrganisationalChangeManagement #StructuredChange #ApplyingAssetManagement #TOTEX #LifecycleCosting #Governance #StrategicDecisionMaking #AssetManagementSystem

THIS VIDEO IS FROM THE FREE COURSE - GFMAM Asset Management Landscape | Organisational Change Management (OCM) perspective (https://elearning.applyingassetmanagement.com)

This module explores Subject 2.1 – Asset Management Policy from the GFMAM Asset Management Landscape (Version 3, 2024).
It explains how the Asset Management Policy establishes the connection between the organisation’s purpose, strategic objectives, and the principles that guide all asset-related decisions.

The lesson covers how to:

~Define the principles and commitments that shape asset management decisions and practices.
~Ensure alignment between asset management objectives and the organisation’s broader strategy.
~Promote consistency in how the policy is applied across functions and business units.
~Embed the policy into governance, leadership endorsement, and periodic review processes.

From an Organisational Change Management (OCM) perspective, this subject focuses on ensuring that the Asset Management Policy is not seen as a compliance document but as a leadership tool that drives cultural alignment and behavioural consistency. It examines how to:

~Secure visible leadership sponsorship to demonstrate commitment and accountability.
~Build staff awareness and understanding through communication and education.
~Align policy language and actions with organisational values and purpose.
~Manage adaptation and review processes in response to internal and external change.
~Reinforce adoption by linking policy principles to individual and team performance expectations.

This subject aligns with ISO 55001:2024 clause:

~5.2 Asset Management Policy

To explore further:
https://elearning.applyingassetmanagement.com
— On Demand Training
https://www.structuredchange.com.au
— Change Management supporting Asset Management

#AssetManagement #GFMAM #ISO55001 #AssetManagementPolicy #Leadership #ChangeManagement #OrganisationalChangeManagement #StructuredChange #ApplyingAssetManagement #Governance #StrategyAlignment #CulturalChange #PolicyDeployment #AssetManagementSystem

THIS VIDEO IS FROM THE FREE COURSE - GFMAM Asset Management Landscape | Organisational Change Management (OCM) perspective (https://elearning.applyingassetmanagement.com)

This module explores Subject 2.2 – Asset Management System from the GFMAM Asset Management Landscape (Version 3, 2024).
It explains how an Asset Management System establishes the processes, policies, plans, and data frameworks that enable consistent and effective asset-related decision-making.

The lesson examines how to:

~Develop an Asset Management System suited to the organisation’s context, risks, and objectives.
~Integrate asset management processes with other business systems such as finance, safety, quality, environment, and information management.
~Maintain system usability and effectiveness through simplification, monitoring, and continual improvement.
~Align the system with leadership oversight and value-driven performance measures.

From an Organisational Change Management (OCM) perspective, this subject focuses on the people and leadership factors necessary to embed and sustain the system. It considers how to:

Manage user engagement through inclusive design and role-based input.
~Address change resistance by highlighting benefits and enabling participation in system development.
~Build capability through targeted training, coaching, and continuous learning.
~Ensure leadership remains actively involved in reviewing, improving, and promoting the system’s purpose and outcomes.
~Embed review and feedback mechanisms to support adaptability and innovation.

This subject aligns with ISO 55001:2024 clause:

~4.4 Asset Management System

To explore further:
https://elearning.applyingassetmanagement.com
— On Demand Training
https://www.structuredchange.com.au
— Change Management supporting Asset Management

#AssetManagement #GFMAM #ISO55001 #AssetManagementSystem #Leadership #ChangeManagement #OrganisationalChangeManagement #StructuredChange #ApplyingAssetManagement #SystemIntegration #ContinuousImprovement #Governance #LifecycleManagement #BusinessSystems

THIS VIDEO IS FROM THE FREE COURSE - GFMAM Asset Management Landscape | Organisational Change Management (OCM) perspective (https://elearning.applyingassetmanagement.com)

This module explores Subject 2.3 – Asset Management Assurance and Audit from the GFMAM Asset Management Landscape (Version 3, 2024).
It explains how structured assurance and audit activities provide confidence that asset management systems, processes, and assets are performing as intended and delivering value.

The lesson outlines how to:

~Apply assurance processes such as internal reviews, maturity assessments, and benchmarking.
~Conduct audits to confirm compliance with organisational policies, standards, and obligations.
~Identify performance gaps, risks, and opportunities for improvement.
~Use assurance findings to inform leadership decision-making and drive continual improvement.

From an Organisational Change Management (OCM) perspective, this subject addresses the human and behavioural aspects that influence how assurance and audit are perceived and applied. It examines how to:

~Position audits as learning and improvement tools rather than compliance checks.
~Promote transparency through a no-blame culture that supports open reporting.
~Manage change fatigue by balancing audit frequency with organisational capacity and value.
~Ensure accountability for actions arising from findings through clear ownership and follow-up.
~Build leadership capability to use assurance data strategically to prioritise improvement and manage risk.

This subject aligns with ISO 55001:2024 clauses:

~9.2 Internal Audit
~9.3 Management Review

To explore further:
https://elearning.applyingassetmanagement.com
— On Demand Training
https://www.structuredchange.com.au
— Change Management supporting Asset Management

#AssetManagement #GFMAM #ISO55001 #Assurance #Audit #Leadership #ChangeManagement #OrganisationalChangeManagement #StructuredChange #ApplyingAssetManagement #ContinuousImprovement #Governance #RiskManagement #AssetPerformance #ManagementReview