Overview
This unit will introduce you to asset management concepts and systems meeting Asset Management Standard ISO5000 requirements. The assets referred to are physical assets such as fixed and mobile plant, machinery and infrastructure used in asset-intensive industries. You will learn how organisations manage their assets and asset systems and provide examples of financial concepts and techniques used in asset management. You will identify asset management functions and develop a life cycle plan for an asset in an organisation, as well as apply financial principles in an asset management context. You will also consider the key risks associated with assets.
Details
Pre-requisites or Co-requisites
Pre-requisite: ENMM 20023 Introduction to Asset and Maintenance Management
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 2 - 2025
Attendance Requirements
All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Postgraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
Assessment Grading
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of 'pass' in order to pass the unit. If any 'pass/fail' tasks are shown in the table above they must also be completed successfully ('pass' grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the 'assessment task' section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University's Grades and Results Policy for more details of interim results and final grades.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Monitoring Academic Progress (MAP) Policy and Procedure - Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure - International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback - Compliments and Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Feedback from Have your say survey
The lecturer’s use of real-world approaches made the concepts much easier to grasp. Inviting guest speakers was especially helpful, as it gave us insight into post-graduation life and helped us understand the processes involved in becoming certified Asset Management practitioners.
Keep inviting guest speakers and providing real-world examples for the unit. The feedback shows that this approach is really resonating with students, so maintain the structure that connects theoretical ideas to practical certification processes.
Feedback from Have your say survey
Include reference textbooks in unit material
Based on the feedback, we’re looking into adding a curated list of reference texts that tie into asset management frameworks and ISO 55000 standards. This should help students who prefer structured readings and want to dive deeper into the topics. We’ll roll this out in the next term.
- Identify and discuss asset management functions.
- Develop a life cycle plan for an asset in an organization supported by information and data management plan.
- Apply financial concepts and techniques in an asset intense organization through a financial management plan (for assets).
- Identify and analyze the key risks associated with assets in an assets intense organization.
- Demonstrate effective leadership with senior management team in developing the Strategic Asset Management Plan (SAMP) applicable for your organization.
n/a
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Written Assessment - 30% | |||||
| 2 - Written Assessment - 40% | |||||
| 3 - Written Assessment - 30% | |||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Knowledge | |||||
| 2 - Communication | |||||
| 3 - Cognitive, technical and creative skills | |||||
| 4 - Research | |||||
| 5 - Self-management | |||||
| 6 - Ethical and Professional Responsibility | |||||
| 7 - Leadership | |||||
| 8 - First Nations Knowledges | |||||
| 9 - Aboriginal and Torres Strait Islander Cultures | |||||
Textbooks
There are no required textbooks.
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
- ebook-Physical Asset Management 2015: With an Introduction to ISO55000 , Author: Nicholas Anthony Jhon Hastings
- Learning guide in the form of a Moodle book uploaded on the moodle web page
- Online lecture sessions via Zoom
- Students are required to have necessary equipment/accessories to attend online Zoom or Microsoft sessions.
All submissions for this unit must use the referencing style: Harvard (author-date)
For further information, see the Assessment Tasks.
m.kanagarajoo@cqu.edu.au
Week 1
Begin Date: 14 Jul 2025Module/Topic
Course Overview
Chapter
Textbook Chapter - 1.
Events and Submissions/Topic
Review chapters before
attending scheduled zoom
session.
Week 1 Zoom Lecture session
Quizzes, book sections 1.12.1 and 1.12.2
Week 2
Begin Date: 21 Jul 2025Module/Topic
Asset Capability Delivery
Chapter
Textbook Chapter - 4.
Events and Submissions/Topic
Discussion forum activities and Zoom session.
Week 1 Zoom Lecture session
Week 3
Begin Date: 28 Jul 2025Module/Topic
Concept Proposal - Assessment 1 Intro.
Chapter
Textbook Chapter - 4.
Events and Submissions/Topic
Review chapters before
attending scheduled zoom
session
Week 3 Zoom Lecture session
Week 4
Begin Date: 04 Aug 2025Module/Topic
Information and Data Management
Chapter
Textbook Chapters - 13,22,28.
Events and Submissions/Topic
Review chapters before
attending scheduled zoom
session
Week 4 Zoom Lecture session
Tutorial Exercises 1 and 2 on lecture file.
The census date is Tuesday 5 Auguest, 2025. After this date, you cannot drop or withdraw this unit.
Week 5
Begin Date: 11 Aug 2025Module/Topic
Asset Fleet Planning
Chapter
Textbook Chapter - 10.
Events and Submissions/Topic
Case study exercise on lecture file.
Review chapters before
attending scheduled zoom
session
Week 5 Zoom Lecture session
Discussion on Assessment 1.
Vacation Week
Begin Date: 18 Aug 2025Module/Topic
Vacation week
Chapter
Events and Submissions/Topic
No lecture/Tutorial this week
Week 6
Begin Date: 25 Aug 2025Module/Topic
Module 3- Financial Methods
Chapter
Textbook Chapters - 5, 8, 23.
Events and Submissions/Topic
Financial Methods
Week 6 Zoom Lecture session
Assignment 1 - Concept Proposal Due: Week 6 Monday (25 Aug 2025) 11:59 pm AEST
Week 7
Begin Date: 01 Sep 2025Module/Topic
Business Case - Assessment 2 Intro.
Chapter
Textbook Chapters - 6, 7.
Events and Submissions/Topic
Lecture on the topic and discussion on the selection of a business case.
Week 7 Zoom Lecture session
Week 8
Begin Date: 08 Sep 2025Module/Topic
Cost-Benefit Analysis
Chapter
Textbook Chapters - 14, 24.
Events and Submissions/Topic
Cost-Benefit Analysis
Week 8 Zoom Lecture session
Week 9
Begin Date: 15 Sep 2025Module/Topic
Asset Budgeting
Chapter
Textbook Chapters - 8, 12, 19.
Events and Submissions/Topic
Asset Budgeting
Week 9 Zoom Lecture session
Assignment 2 - Business Case Due: Week 9 Monday (15 Sept 2025) 11:59 pm AEST
Week 10
Begin Date: 22 Sep 2025Module/Topic
Assessment 3 Intro. & Strategic Asset Management Plan
Chapter
Textbook Chapters - 11, 29.
Events and Submissions/Topic
Strategic Asset Management Plan
attending the scheduled Zoom sessions on the topic and discussion on the ISO 55002 standards -SAMP
Week 10 Zoom Lecture session
Week 11
Begin Date: 29 Sep 2025Module/Topic
Asset Management in the Organisation
Chapter
Textbook Chapters - 2, 7.
Events and Submissions/Topic
Strategic Plan Exercise on lecture file. Study the exemplar and discuss it in class.
Week 11 Zoom Lecture session
Week 12
Begin Date: 06 Oct 2025Module/Topic
Revision
Chapter
All chapters
Events and Submissions/Topic
Work on Assessment 3 and ask questions.
Revision of all the chapters from weeks 1 to 11.
Assignment 3 - Review Topics Due: Week 12 Wednesday (8 Oct 2025) 11:59 pm AEST
Review/Exam Week
Begin Date: 13 Oct 2025Module/Topic
Chapter
Events and Submissions/Topic
Exam Week
Begin Date: 20 Oct 2025Module/Topic
Chapter
Events and Submissions/Topic
AI Assessment Scale - Student Instruction
AI PLANNING
You may use Al for planning, idea development, and research. Your final submission should show how you have developed and refined these ideas.
Guidelines
Al may be used for pre-task activities such as brainstorming, outlining and initial research. You may use AI-assisted automatic speech recognition to transcribe notes, AI tools to convert notes into outlines, and AI tools to brainstorm or suggest improvements to already created work. Image generation technologies might be used to generate starting points for designs or tools used to explore possibilities for producing software. You must then use the AI-generated ideas as the starting point and apply your skills and knowledge to refine and improve the initial ideas to the final submission. No GenAI-created content without changes should be included in the final submissions. You need to briefly describe how AI tools were used during the planning, research and initial idea-generation stage of the assessment.
You must specify which questions of the assessment where AI help was included.
Example (provide the following details on each assessment submission document - after the Cover page, before Table of Content):
- Assessment 1 Question 3 - I used AI to develop a structure for Concept proposal document.
- Assessment 2 Question 2 - I used AI to refine my business case responses
- Assessment 3 Question 2 - I used AI to refine the SAMP comparison between two cases
1 Written Assessment
This assignment aims to develop your ability to initiate a proposal for an asset-based development or improvement related to your workplace (or similar) at the concept stage. The proposal should present information supporting a management decision on whether to put further effort into developing the concept. Write an outline of the proposal. The assignment will be based on the topics covered in weeks 1-4. Further requirements will be discussed in classes.
AI Assessment Scale - Student Instruction
AI PLANNING
You may use Al for planning, idea development, and research. Your final submission should show how you have developed and refined these ideas.
Guidelines
Al may be used for pre-task activities such as brainstorming, outlining and initial research. You may use AI-assisted automatic speech recognition to transcribe notes, AI tools to convert notes into outlines, and AI tools to brainstorm or suggest improvements to already created work. Image generation technologies might be used to generate starting points for designs or tools used to explore possibilities for producing software. You must then use the AI-generated ideas as the starting point and apply your skills and knowledge to refine and improve the initial ideas to the final submission. No GenAI-created content without changes should be included in the final submissions. You need to briefly describe how AI tools were used during the planning, research and initial idea-generation stage of the assessment.
You must specify which questions of the assessment where AI help was included.
Example (provide the following details on assessment submission document - after the Cover page, before Table of Content):
- Assessment 1 Question 3 - I used AI to develop a structure for Concept proposal document.
Week 6 Monday (25 Aug 2025) 11:59 pm AEST
Week 8 Tuesday (9 Sept 2025)
Assignments will be returned within two weeks of the actual submission.
Marking Criteria
· Clarity of problem definition and project aims
· Concept-level description of potential developments with benefits and options
· Structure, presentation, terminology, grammar, and referencing.
· Identification of any procedures or documents relevant to advancing the proposal within your organization.
· Appropriate AI use indication and statement
- Identify and discuss asset management functions.
- Develop a life cycle plan for an asset in an organization supported by information and data management plan.
2 Written Assessment
This assignment aims to develop your ability to create and present a business case for asset management development in your organization or a similar setting. The focus is on justifying the project in financial and/or cost-benefit terms, or other compelling reasons such as regulatory requirements. You are required to submit a business-style report. It represents a further development of the concept proposal prepared in Assessment 1, with certain information being modified or overlapped. The assignment will be grounded in the topics covered during weeks 1-8, and additional requirements will be discussed in class.
AI Assessment Scale - Student Instruction
AI PLANNING
You may use Al for planning, idea development, and research. Your final submission should show how you have developed and refined these ideas.
Guidelines
Al may be used for pre-task activities such as brainstorming, outlining and initial research. You may use AI-assisted automatic speech recognition to transcribe notes, AI tools to convert notes into outlines, and AI tools to brainstorm or suggest improvements to already created work. Image generation technologies might be used to generate starting points for designs or tools used to explore possibilities for producing software. You must then use the AI-generated ideas as the starting point and apply your skills and knowledge to refine and improve the initial ideas to the final submission. No GenAI-created content without changes should be included in the final submissions. You need to briefly describe how AI tools were used during the planning, research and initial idea-generation stage of the assessment.
You must specify which questions of the assessment where AI help was included.
Example (provide the following details on assessment submission document - after the Cover page, before Table of Content):
- Assessment 2 Question 2 - I used AI to refine my business case responses
Week 9 Monday (15 Sept 2025) 11:59 pm AEST
Week 11 Tuesday (30 Sept 2025)
Assignments will be returned within two weeks of the actual submission.
Marking Criteria
It is recommended that you read beyond the course materials to complete assessment items. Your submission for this assessment will be evaluated by the following criteria.
· Effectiveness of the Executive summary
· Statement of planning assumptions and options
· Preferred option description
· Financial analysis and/or cost benefit analysis
· General support for the rationale of the project from a business viewpoint, including risk
§ Structure, presentation, terminology, grammar and referencing.
· Appropriate AI use indication and statement
- Identify and discuss asset management functions.
- Develop a life cycle plan for an asset in an organization supported by information and data management plan.
- Apply financial concepts and techniques in an asset intense organization through a financial management plan (for assets).
- Identify and analyze the key risks associated with assets in an assets intense organization.
- Demonstrate effective leadership with senior management team in developing the Strategic Asset Management Plan (SAMP) applicable for your organization.
3 Written Assessment
This assignment assesses the student’s overall understanding of Asset Management topics. You must read the course notes and present responses to the questions asked in this assignment. Your responses should reflect your own interpretation and workplace experience, as well as learning through articles and books, including professional societies’ websites, international standards, and the recommended textbook of this unit.
AI Assessment Scale - Student Instruction
AI PLANNING
You may use Al for planning, idea development, and research. Your final submission should show how you have developed and refined these ideas.
Guidelines
Al may be used for pre-task activities such as brainstorming, outlining and initial research. You may use AI-assisted automatic speech recognition to transcribe notes, AI tools to convert notes into outlines, and AI tools to brainstorm or suggest improvements to already created work. Image generation technologies might be used to generate starting points for designs or tools used to explore possibilities for producing software. You must then use the AI-generated ideas as the starting point and apply your skills and knowledge to refine and improve the initial ideas to the final submission. No GenAI-created content without changes should be included in the final submissions. You need to briefly describe how AI tools were used during the planning, research and initial idea-generation stage of the assessment.
You must specify which questions of the assessment where AI help was included.
Example (provide the following details on assessment submission document - after the Cover page, before Table of Content):
- Assessment 3 Question 2 - I used AI to refine the SAMP comparison between two cases
Week 12 Wednesday (8 Oct 2025) 11:59 pm AEST
Results will be released on grade certification date
Marking Criteria
§ Introduction and background indicating knowledge of topic
§ Good business communication practices are to be evident.
§ Coherent and logical presentation directed to a senior management level.
§ Structure, presentation, terminology, grammar and referencing.
· Appropriate AI use indication and statement
- Apply financial concepts and techniques in an asset intense organization through a financial management plan (for assets).
- Identify and analyze the key risks associated with assets in an assets intense organization.
- Demonstrate effective leadership with senior management team in developing the Strategic Asset Management Plan (SAMP) applicable for your organization.
As a CQUniversity student you are expected to act honestly in all aspects of your academic work.
Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.
When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.
Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.
As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.
What is a breach of academic integrity?
A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.
Why is academic integrity important?
A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.
Where can I get assistance?
For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.
What can you do to act with integrity?
