Michael Waymark

Facilities & Asset Management
email
michaelwaymark@propertycollectives.com.au
phone
0447 447 000

I studied Engineering after leaving school and was fortunate enough to be involved in some large infrastructure projects in Western Australia in the late 1980’s and 1990’s in water, aviation, power and defence. Like most engineers, I ended up involved in project and people management, so I undertook an MBA to broaden my business skills, which was one of the best decisions I ever made.

I moved to Melbourne in the late 1990’s while working for the multinational Swiss-Swedish consortium ABB, then moved across to Siemens where I headed up the Power Transmission and Distribution business for Australia and New Zealand.

During my time with ABB and Siemens I was fortunate enough to spend time in the R&D and product centres in Europe and gained a deep understanding of how technology can be used to manage critical assets more effectively. This was really the beginning of my interest in asset management and particularly the deployment of technology to optimise the performance and cost of an organisation’s critical assets.

After some senior leadership roles in the service sector, I started my own consulting business to pursue what is now known as Operational Technology, and a few years ago architected the largest roll-out of IoT technology for asset management ever attempted in Australia. I was able to demonstrate a 15% reduction in maintenance costs, by using a condition-based approach, which at the same time reduced the risk of unexpected asset failure whilst extending the life of the assets.

I provide technical, cost and operational advisory services in determining the FM brief and design criteria for the various components of the development, and subsequently prepare operational cost plans for incorporation into the development feasibility. This process may be iterative with a view to fine-tuning the developments CAPEX and OPEX objectives.

A recent example of this application was our engagement by the Plenary Group origination team to prepare an asset management and maintenance services solution for the Victorian Government Public Housing Renewal Project PPP Stage 1. This included three apartment buildings of approximately 900 apartments in total, split 50/50 between BTR and affordable housing.

I was responsible for the entire operations work stream which included working with the CHP and BTR operators to develop:

  • The preventative, statutory, reactive and vacant maintenance budget
  • The 40 year Lifecycle replacement plan
  • Design of the delivery team which included facility managers, community managers and housing support.
  • The technology solution comprising the Computerised Maintenance Management system (CMMS), Community App and Smart sensor (IoT) interfaces.

I have been privileged to work on some exciting infrastructure projects over the years, and look forward to continue to apply my knowledge of asset management and operational technology to support the goals of Property Collectives.

Qualifications

Bachelor of Engineering (Electrical)
Master of Business Administration
Australian Institute of Company Directors

Experience

Chief Executive - Programmed Facility Management (2011 - 2016)
Chief Executive - Uxc Field Solutions Group (2007 - 2010)
General Manager - Tenix Alliance (2004 - 2007)
Country Manager - Siemens (1999 - 2004)

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