CQUniversity Unit Profile
ENMM20024 Asset Management Systems
Asset Management Systems
All details in this unit profile for ENMM20024 have been officially approved by CQUniversity and represent a learning partnership between the University and you (our student).
The information will not be changed unless absolutely necessary and any change will be clearly indicated by an approved correction included in the profile.
General Information

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

Career Level: Postgraduate
Unit Level: Level 8
Credit Points: 6
Student Contribution Band: 8
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).

Offerings For Term 2 - 2024

Online

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).

Class and Assessment Overview

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

Bundaberg, Cairns, Emerald, Gladstone, Mackay, Rockhampton, Townsville
Adelaide, Brisbane, Melbourne, Perth, Sydney

Assessment Overview

1. Written Assessment
Weighting: 30%
2. Written Assessment
Weighting: 40%
3. Written Assessment
Weighting: 30%

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.

Previous Student Feedback

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

Feedback

The contents are relevant to my workplace and desired career path.

Recommendation

The content will be kept up to date by the lecturer.

Feedback from Have Your Say

Feedback

The feedback on submitted assignments is great and helped me to learn.

Recommendation

The feedback will be given in a timely manner and in detail.

Feedback from Have Your Say

Feedback

The timeliness of assignment grading. Bare minimal feedback is provided on assignments and one could not understand where marks were lost or how improvements could be made.

Recommendation

The lecturer will be advised to review the marking rubric and to give detailed feedback on the marked assignment.

Unit Learning Outcomes
On successful completion of this unit, you will be able to:
  1. Identify and discuss asset management functions.
  2. Develop a life cycle plan for an asset in an organization supported by information and data management plan.
  3. Apply financial concepts and techniques in an asset intense organization through a financial management plan (for assets).
  4. Identify and analyze the key risks associated with assets in an assets intense organization.
  5. Demonstrate effective leadership with senior management team in developing the Strategic Asset Management Plan (SAMP) applicable for your organization.

n/a

Alignment of Learning Outcomes, Assessment and Graduate Attributes
N/A Level
Introductory Level
Intermediate Level
Graduate Level
Professional Level
Advanced Level

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 - Aboriginal and Torres Strait Islander Cultures
Textbooks and Resources

Textbooks

Supplementary

Physical Asset Management

Authors: Hastings, Nicholas Anthony John
Springer-Verlag
London London , UK
ISBN: 978-1-84882-751-6
Binding: eBook

IT Resources

You will need access to the following 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.
Referencing Style

All submissions for this unit must use the referencing style: Harvard (author-date)

For further information, see the Assessment Tasks.

Teaching Contacts
Arash Daemi Unit Coordinator
a.daemi@cqu.edu.au
Schedule
Week 1 Begin Date: 08 Jul 2024

Module/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: 15 Jul 2024

Module/Topic

Asset Capability Delivery

Chapter

Textbook Chapter - 4.

Events and Submissions/Topic

Discussion forum activities and Zoom session.

Tutorial Activities 1 and 2 on the lecture file.

Week 3 Begin Date: 22 Jul 2024

Module/Topic

Concept Proposal - Assgt 1 Intro.

Chapter

Textbook Chapter - 4.

Events and Submissions/Topic

Discussion forum activities and Zoom sessions.

Review chapters before
attending scheduled zoom
session
Week 3 Zoom Lecture session

Discussion on Assignment 1.

 

Week 4 Begin Date: 29 Jul 2024

Module/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 the 30th, July 24. After this date, you cannot drop or withdraw this unit.

Week 5 Begin Date: 05 Aug 2024

Module/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: 12 Aug 2024

Module/Topic

Vacation week

Chapter

Events and Submissions/Topic

No lecture/Tutorial this week  

Week 6 Begin Date: 19 Aug 2024

Module/Topic

Module 3- Financial Methods

Chapter

Textbook Chapters - 5, 8, 23.

Events and Submissions/Topic

Case studies 1 and 2 are on the lecture file.

Week 6 Zoom Lecture session


Assignment 1 - Concept Proposal Due: Week 6 Monday (19 Aug 2024) 11:59 pm AEST
Week 7 Begin Date: 26 Aug 2024

Module/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: 02 Sep 2024

Module/Topic

Cost-Benefit Analysis

Chapter

Textbook Chapters - 14, 24.

Events and Submissions/Topic

Cost-benefit case study on lecture file.

Week 8 Zoom Lecture session

Week 9 Begin Date: 09 Sep 2024

Module/Topic

Asset Budgeting

Chapter

Textbook Chapters - 8, 12, 19.

Events and Submissions/Topic

Week 9 Zoom Lecture session

Discussion on the Case Study on the lecture file.

Week 10 Begin Date: 16 Sep 2024

Module/Topic

Assessment 3 Intro. & Strategic Asset Management Plan

Chapter

Textbook Chapters - 11, 29.

Events and Submissions/Topic

Review Chapter 29  before
attending the scheduled Zoom sessions on the topic and discussion on the ISO 55000 suite of standards.

Week 10 Zoom Lecture session


Assignment 2 - Business Case Due: Week 10 Monday (16 Sept 2024) 11:59 pm AEST
Week 11 Begin Date: 23 Sep 2024

Module/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: 30 Sep 2024

Module/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. 

Assessment 3 is due on Monday, the following week. 

Review/Exam Week Begin Date: 07 Oct 2024

Module/Topic

Chapter

Events and Submissions/Topic

Assignment 3 - Review Topics Due: Review/Exam Week Tuesday (8 Oct 2024) 11:59 pm AEST
Exam Week Begin Date: 14 Oct 2024

Module/Topic

Chapter

Events and Submissions/Topic

Assessment Tasks

1 Written Assessment

Assessment Title
Assignment 1 - Concept Proposal

Task Description

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.

 

 


Assessment Due Date

Week 6 Monday (19 Aug 2024) 11:59 pm AEST

The assignment questions will be uploaded on the Moodle web page of this unit two weeks prior to start of the term.


Return Date to Students

Week 8 Monday (2 Sept 2024)

Assignments will be returned within two weeks of the actual submission.


Weighting
30%

Assessment Criteria

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.


Referencing Style

Submission
Online

Submission Instructions
Assignments must be submitted electronically (in "MSWord" format NOT pdf) in Moodle. The required standard file name format, Example –John_Smith_ENMM20024_Ass1.doc

Learning Outcomes Assessed
  • 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

Assessment Title
Assignment 2 - Business Case

Task Description

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 and a supporting PowerPoint presentation for this assignment. 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.


Assessment Due Date

Week 10 Monday (16 Sept 2024) 11:59 pm AEST

The assignment questions will be uploaded on the Moodle web page of this unit two weeks prior to start of the term.


Return Date to Students

Week 12 Monday (30 Sept 2024)

Assignments will be returned within two weeks of the actual submission.


Weighting
40%

Assessment Criteria

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.

For the PowerPoint presentation:

 

§ Good business communication practices are to be evident.

§ Not too much detail on slides.

§ Coherent and logical presentation directed to a senior management level.

§ Accurate summary of the project aims, issues, and plans

§ Structure, presentation, terminology, grammar, and referencing.

 


Referencing Style

Submission
Online

Submission Instructions
Assignments must be submitted electronically (in "MSWord" format NOT pdf) in Moodle. The required standard file name format, Example –John_Smith_ENMM20024_Ass2.doc

Learning Outcomes Assessed
  • 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

Assessment Title
Assignment 3 - Review Topics

Task Description

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.


Assessment Due Date

Review/Exam Week Tuesday (8 Oct 2024) 11:59 pm AEST

The assignment questions will be uploaded on the Moodle web page of this unit two weeks prior to start of the term.


Return Date to Students

Results will be released on grade certification date


Weighting
30%

Assessment Criteria

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.


Referencing Style

Submission
Online

Submission Instructions
Assignments must be submitted electronically (in "MSWord" format NOT pdf) in Moodle. The required standard file name format, Example –John_Smith_ENMM20024_Ass3.doc

Learning Outcomes Assessed
  • 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.

Academic Integrity Statement

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?