In order to do its job, the Australian Defence Force maintains a large and diverse portfolio of platforms, systems and infrastructure. The skill and insight with which this portfolio of military assets is managed largely determines how quickly the ADF can respond to government tasking and how long it can perform such tasks. Extracting the most value from such military assets within the assigned budget requires defence asset managers to make many trade-offs over the asset life cycle in a structured and systematic way. Asset Management aims to equip defence asset managers with the insight, skills and techniques they need to perform this task efficiently and effectively.