IAM feature Here, Ursula Bryan, CEO of the IAM, talks about the recent work being undertaken to review an important asset management framework The story so far The Global Forum on Maintenance & Asset Management (GFMAM) Landscape is a fundamental document for the worldwide asset management community that describes our common understanding of asset management and provides a globally agreed framework against which knowledge bases and practices can be aligned, compared and contrasted. The landscape describes the 39 subjects used in Asset Management an Anatomy. Asset management practices have evolved in the years since the existing landscape (version 2) was published in 2014. The GFMAM undertook a review of version 2 to determine the scope of the work needed to produce an updated version. Author bio Feedback on the current Asset Management Landscape Document needs to start with purpose and structure Making it clear what the Landscape is and how it fits with the ISO Need to reflect current AM market maturity There are key focus areas not included that should be Some subject areas had overlaps that were hard to distinguish Key call outs: Information as an asset Scope and structure of 3rd edition document was issued at the conclusion of Project 23 Change Change management Context Risk Decision making Context and integration with other organisational systems and processes Work on version 3 is being carried out by seven international groups, comprising leads from the GFMAM member organisations, with the work being driven through a steering committee of GFMAM members. Richard Edwards is representing the IAM on this committee. One Two Three Four Five Six Seven Context and stakeholders AM planning Leadership and people Information Delivery Governance Value realisation The organisation context and stakeholder subjects. These should be subjects that set the boundary conditions that inform the approach to AM within an organisation. The subjects relating to the AM planning and approach taken by the organisation. The peoplerelated subjects. Including AM leadership, resourcing and competence that inform the culture of an organisation. Resource planning should also be included here. The informationrelated subjects applicable to AM. Including the way information is managed as an asset and the importance to AM decision making. The subjects related to life cycle delivery of AM. Should not duplicate or contradict the Maintenance Framework. The subjects related to governance and the management of AM within an organisation. Including the AM system approach taken by the organisation. The subjects related to how value is created through doing AM and the actual value created. Subjects related to measuring outcomes not just performance of assets. GFMAM member organisations also have groups feeding into the seven international groups. More than 200 people are involved in the work, with 100 volunteers coming from the IAM. Many thanks to Richard and all our IAM volunteers working on this project. The groups have been working together over the past six months to take the outputs from the previous review project and propose how this feedback can be taken into account in version 3 through a series of bullet points. The GFMAM organisations came together in Sydney in April 2023 to discuss progress and agreed the working groups could move to the next stage to finalise the bullet points and start drafting the subjects for version 3. A next milestone for the groups is to produce a first draft of the subjects ahead of a review by the steering committee planned for September 2023 in Winnipeg, Canada. It is hoped that the GFMAM Landscape version 3 will be published in June 2024. Between September 2023 and June 2024, a technical writer will be appointed to bring cohesion and consistency to the document, with the intention of achieving a final draft by December 2023. This will allow time for design of the document and translation ahead of publishing in June 2024. Meeting in Sydney Members of the Global Forum on Maintenance & Asset Management (GFMAM) held a face-toface meeting in Sydney, Australia from 31 March-2 April 2023 and then participated in the Asset Management Council AMPEAK23 conference. Excellent progress was made on all the GFMAM projects and a substantial amount of time was dedicated to the GFMAM Landscape revision. Many of the GFMAM members gave presentations at the conference including Ursula Bryan, who gave a presentation on International Collaboration in Asset Management, talking about the work of the IAM Patrons. Ursula Bryan is the CEO at the IAM. Prior to this role, she worked for more than 30 years as an Asset Management Leader at National Grid. She is a past President of the IAM, has been a member of the IAM Board since 2009 and was made a Life Fellow of the IAM in 2022.