Continual Improvement Processes for Asset Management

aerial view of winding road

Cardno was appointed by Austroads, the peak organisation of Australian road transport and traffic agencies, to provide definition and guidance on implementing continual improvement within asset management, encompassing the needs of asset managers working in national, state and local government road agencies.

National, state and local governments in Australia and New Zealand are collectively responsible for over 900,000 kilometres of road, valued at more than $250 billion. Surveys have indicated road management organisations do not always have a structured continual improvement process that satisfies the requirements of ISO55001:2014 Asset management – Asset management – Management Systems - Requirements. Having a structured process in place has the potential to provide significant value to organisations.

Continual Improvement Processes for Asset Management Guidelines

Our engagement and research found that at the core of every successful organisation implementing continual improvement, is a supportive and enabling environment. Once this environment is achieved, continual improvement will become second nature.

The guideline provides a high-level framework to help ensure successful implementation of continual improvement measures, including:

  • creating a continual improvement environment (that provides the support and capacity to best enable improvement to occur)
  • identifying improvement opportunities
  • evaluating and prioritising improvement proposals
  • implementing continual improvement initiatives
  • monitoring the results of the initiative and sustaining the improvement initiative

Continual improvement tools and techniques are also provided along with case-studies from local councils and state government agencies which demonstrate the benefits of implementing continual improvement.

The guideline was developed through research and extensive engagement with around 80 industry professionals.

The background research report aims to provide asset management practitioners, in both small and large organisations, with an understanding of the methodology utilised to create the framework.