Market Sectors, Passenger Rail, Products & Technology

Yarra Trams recognised for asset management best practice

Victoria’s mass transport system operator Yarra Trams has been recognised for its asset management systems across the organisation.

Yarra Trams, which operates nine different classes of trams across a network covering 250km, has received full certification compliancy with the ISO 55001 – Asset Management standard.

It is one of 19 transport organisations in the world to be awarded the accreditation, which it received across all assets of the company’s business, including rolling stock, infrastructure, and intellectual and operational technology.

“To achieve ISO 55001 across the entire organisation is something that is unique within the transport industry, and an accomplishment we are very proud of,” said Yarra Trams CEO, Nicolas Gindt.

The certification was formalised on 4 October 2019 by British Standards Institution Australia (BSI).

“Yarra Trams should be proud of their achievement in achieving certification. They can demonstrate they have a well-structured and robust approach to asset management and are committed to driving continual improvement,” said the managing director of BSI Group ANZ, Marc Barnes.

The certification marks the successful implementation of its new Asset Management System (AMS), which began two years ago.

The AMS covers the operator’s management of infrastructure, rolling stock, operating and intellectual technologies. Implementation involved creating more than a 100 standards, procedures and guidelines, introducing life-cycle models, as well as updating and establishing 26 asset class strategies.

Upgrades to business systems were made to enable improvements to process and procedure.

Thousands of hours were spent on training, communicating, and embedding change, according to a statement from the operator.