Unit Synopsis
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
| Level | Postgraduate |
|---|---|
| Unit Level | 8 |
| Credit Points | 6 |
| Student Contribution Band | SCA Band 2 |
| Fraction of Full-Time Student Load | 0.125 |
| 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). |
| Class Timetable | View Unit Timetable |
| Residential School | No Residential School |
Unit Availabilities from 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.
Assessment Tasks
| Assessment Task | Weighting |
|---|---|
| 1. Written Assessment | 30% |
| 2. Written Assessment | 40% |
| 3. Written Assessment | 30% |
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%).
Past Exams
All University policies are available on the Policy web site, however you may wish to directly view the following policies below.
This list is not an exhaustive list of all University policies. The full list of policies are available on the Policy web site .
Term 1 - 2024 : The overall satisfaction for students in the last offering of this course was 100.00% (`Agree` and `Strongly Agree` responses), based on a 21.05% response rate.
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.
Source: Unit Evaluation
Unit learnings can be directly applied at the workplace.
The feature will be maintained.
The unit’s design still focuses heavily on real-world relevance. This term, we pushed students to pick assessment topics tied to issues they face at work. We backed this up with case studies from various industries, and the assessment tasks were set up to mimic the kind of documentation and planning they’d do in a professional setting. This keeps the learning experience hands-on and something students can directly apply to their careers.
Source: 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.
In Progress
Source: 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.
In Progress
On successful completion of this unit, you will be able to:
- 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
| Assessment Tasks | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Written Assessment | • | • | |||
| 2 - Written Assessment | • | • | • | • | • |
| 3 - Written Assessment | • | • | • | ||
| 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 | • | ||||
| Assessment Tasks | Graduate Attributes | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 8 | |