Online Only: Risk Assessment for Asset Management

*Webinar Only* Please join the Asset Management Council for a discussion on the optimisation of infrastructure asset investment through risk assessment
Online Only: Risk Assessment for Asset Management

Due to increasing community and government concern over Coronavirus, Engineers Australia has decided to temporarily suspend all face-to-face events. This includes events which meet our previously imposed attendee limits. We will continue to offer members access to our online events and services such as EAXchange. We are also working hard to deliver more for our members in this area over coming months.


Risk Assessment for Asset Management

Under the international suite of standards for asset management, ISO 55000 - 55002, an underlying principle of asset management is the balancing of cost, risk and performance to realise value from an organisation's assets and achieve the organisation's objectives. As such, the fields of risk management and asset management are inherently intertwined.

The application of risk management standards, methodologies, tools and techniques to infrastructure assets enables asset managers to understand the current risk profile of their asset base and the measures that can be taken to reduce these risks to an acceptable level. When integrated into forecasting models, risk management approaches also assist asset managers with predicting the future risk profile of their asset base under a variety of funding scenarios and mitigation options.

Event overview

‘Let's Get Critical’ – Gaining an Understanding of Asset Criticality for Optimised Management of Assets – presented by Geoff Hales

The investment of resources in managing assets is required to provide a great level of service for our customers. The use of asset criticality is a key approach to optimising such investments.

Geoff will briefly present on the development of a framework and methodology for assessing asset criticality, with examples drawn from recent work completed for a major water utility.


Application of Risk Management to Reliability Centred Maintenance, Equipment Assessments and Work Execution – presented by Kimet Adil

Kimet will present on some examples (good and bad) that he has witnessed or participated in during his career to date.

These include asset management critical equipment assessments, equipment criticality assessments, the use of risk management in reliability centred maintenance, and on-the job risk assessments by maintainers immediately before executing work. 

Some results were productive and satisfying, while others had frightening and in one case tragic consequences. 

An open forum featuring the presenters will follow the presentations.


4:30 pm - 5:00 pm Presentation

5:00 pm - 5:30 pm Presentation

5:30 pm - 6:00 pm Panel

6:00pm - 7:00pm AGM


Meet our Presenters:

Geoff Hales - BEng(Civil), MIE Aust (CPEng)

Geoff is an Asset Management consultant with over 30 years' professional experience. Through his firm, Barnewall Resources Pty Ltd, he has been providing infrastructure Asset Management consulting services to numerous local and state government organisations throughout Australia and the Pacific

Kimet Adil - B.Eng 

Kimet is an experienced engineer and reliability/maintenance specialist, having spent more than 25 years in mining, minerals processing, consulting and manufacturing. Kimet is especially interested in equipment maintenance strategies, safe and effective work execution and the application of appropriate technology solutions to solve problems.


“The Annual General Meeting for the Asset Management Council Brisbane Chapter will be held after this seminar.”





31 / 03 / 2020 - 04:30 pm to 06:00 pm
Registration Closes
30 / 03 / 2020 05:00 pm
Webinar Only
Brisbane - Webinar Only
  • Member Rate: $0.00 ($ excl. GST)
  • Student Member Rate: $0.00 ($ excl. GST)
  • Non-Member Rate: $30.00 ($27.27 excl. GST)
Asset Management Council (AMC), Queensland Chapter
Event Contact