Asset Management Innovation Award 2017 | IAM Institute of Asset Management | 5 June 2017 |

Entries to the Asset Management Innovation Award category are welcomed from organisations that have demonstrated innovation in Asset Management which has delivered financial, performance and risk reduction benefits.
The Asset Management category may include projects such as:
• Development of Whole Life Asset Management tools to optimise capital investment, asset renewal or maintenance
requirements

• Risk-based approaches to maintenance or inspection

• Innovative asset information systems supporting Asset Management decisions

• Development of risk models to quantify financial, environmental and safety risks

• Development of ‘operational readiness’ capabilities to plan for and respond to major incidents affecting the business
and its customers

• Novel approaches to asset and asset management performance measurement and related decision making

• Novel approaches to competency and the development of asset management skills

• Innovative use of asset knowledge to improve the reliability or efficiency of assets

• New approaches to managing change as Asset Management is embedded in an organisation

• Innovative asset information systems and asset knowledge enablers supporting Asset Management decisions

• Novel approaches to Asset Management strategies and planning

• Fresh approaches to aging assets and strategies e.g. embedding new components into legacy systems to mitigate
against broader asset lifecycle costs

Innovation Award 2016 Winner:

Winner: Sellafield. Award collected by Lucy Hughes
Nominated by: Martin Grey (Nuclear Decommissioning Authority)