Overview
This unit develops skills required for assessing the maturity of asset management processes, including performing audit activities. Students will establish an asset management maturity process that can be applied in their organisational setting.
Details
Pre-requisites or Co-requisites
Prerequisites: ENMM20023, ENMM20025, ENMM20029 & ENMM20024
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
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
Unit contents are good and useful and the lecturer is very keen to help students.
The lecturer will be encouraged to maintain good practices.
Feedback from Have Your Say
Lecture time slots were not suitable.
The lecturer will be advised to seek opinion of students in deciding the time that suits majority of them.
Feedback from Have your Say
Lecturer some times go off the track and one student dominated the whole class.
The lecturer will be advised to cover the lecturer's contents first and then give examples of applications in the class. The lecturer will also be advised to encourage all students to participate in the discussions.
- Analyse principles of asset management maturity
- Conceptually map the maturity attributes of an organisation
- Appraise the benefits of assessing asset management maturity
- Formulate asset management maturity process
- Rationalise various process maturity models
Not applicable
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Written Assessment - 30% | |||||
| 2 - Written Assessment - 30% | |||||
| 3 - Written Assessment - 40% | |||||
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
There are no required textbooks.
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
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
Module/Topic
Analyse principles of asset management maturity.
Objectives:
- Understand the concept of asset management maturity
- Understand what an asset management maturity principle is
- Identify a complete set of asset management maturity principles
- Learn the key asset management maturity principles
Chapter
Discuss ISO 5500x principles (from 55000) plus adaptability
Discussion of the nuances of the AMM definitions
Events and Submissions/Topic
Tutorial Wk 1
Module/Topic
Analyse principles of asset management maturity.
Objectives:
- Understand the UN Sustainable Development Goals (SDGs) and purpose
- Understand how the SDGs are impacted
- Understand why we need the SDGs
- Review and track the progress of SDGs
Chapter
Exercise in discussing what maturity might mean at a personal level
Events and Submissions/Topic
Tutorial Wk 2
Module/Topic
Conceptually map the maturity attributes of an organisation
Objectives:
- Understand the typical characteristics that define each stage of asset management maturity
- Be aware of the IAM 10 Box model
- Have an appreciation of the Asset Management Landscape (39 subjects)
- Be able to express what competent means in relation to asset management
Chapter
Discuss the basis of maturity models
Events and Submissions/Topic
Tutorial Wk 3
Module/Topic
Conceptually map the maturity attributes of an organisation
Objectives:
- Understand the concept of beyond competence.
- Understand the importance of clarity of purpose
- Understand the role of leadership and governance
- Understand that people (employees) are important
- Understand the need for strategy and planning
- Understand the role of decision-making, information management, risk management and continual improvement
Chapter
Discuss maturity attributes
Discuss how these maturity attributes apply to your organisation
Events and Submissions/Topic
Tutorial Wk 4
This week, Tuesday, July 30th, is the Census Date; you cannot drop this unit after this day.
Module/Topic
Appraise the benefits of assessing asset management maturity.
Objectives:
- Understand the benefits resulting from the consideration and assessment of asset management maturity
- Understand increasing asset management maturity may deliver benefits
- Understand the process of benefits realisation
- Understand resource-based view and benefits realisation
Chapter
Add emphasis on organisational outcomes and ensuring that the focus is on results as well as process
Events and Submissions/Topic
Tutorial Wk 5
Module/Topic
no Teaching this week
Chapter
no Teaching this week
Events and Submissions/Topic
no Teaching this week
Module/Topic
Appraise the benefits of assessing asset management maturity.
Objectives:
- Understand the concept of Communication Maturity
- Explain how Communication Maturity relates to asset management maturity
- Understand how realising asset management maturity depends upon Communication Maturity
- Understand how Communication Maturity impacts asset management maturity assessments
Chapter
Discussion regarding the difference between skill, knowledge, competencies and capabilities
Events and Submissions/Topic
Tutorial Wk 6
Module/Topic
Rationalise various process maturity models.
Objectives:
Understand maturity models related to:
- People management
- Project management
Chapter
Evaluating the effect of maturity model on their organisational assessment outcome
Events and Submissions/Topic
Tutorial Wk 7
Assessment 1 is due this Friday (Week 7) at 11:59 PM AEST
Written Assessment (Individual) Due: Week 7 Friday (30 Aug 2024) 11:59 pm AEST
Module/Topic
Rationalise various process maturity models.
Objectives:
Understand maturity models related to:
- Information systems management
- Social media management
Chapter
Evaluating the effect of maturity model on their organisational assessment outcome (continuation from previous week)
Events and Submissions/Topic
Tutorial Wk 8
Module/Topic
Formulate asset management maturity process.
Objectives:
Understand how to design, evaluate and assess asset management processes:
- ISO 55000 suite history
- Planning the implementation of an AMS based on ISO 55001
- AMS implementation according to ISO 55001
Chapter
Examine both internal and external environments when formulating asset management maturity assessments
Events and Submissions/Topic
Tutorial Wk 9
Module/Topic
Formulate asset management maturity process.
Objectives:
Understand how to design, evaluate and assess asset management processes:
- Monitoring, evaluating and continually improving AMS based on ISO 55001
- Principles of auditing
- On-site audit activities
- Closing the audit
- ISO 55001 certification process
Chapter
Examine both internal and external environments when formulating asset management maturity assessments (continuation from the previous week)
Events and Submissions/Topic
Tutorial Wk 10
Assessment 2 is due this Friday (Week 10) at 11:59 PM AEST
Written Assessment (Individual) Due: Week 10 Friday (20 Sept 2024) 11:59 pm AEST
Module/Topic
Discussing maturity model for your organisation
Chapter
This week we will invite students to reflect on the learning of maturity models and how it is applicable to their organisation. Students are to identify which maturity models (or a combination) best suit their organisation needs.
Events and Submissions/Topic
Tutorial Wk 11
Module/Topic
Student presenting their maturity models for further refinements.
Chapter
In class guidance to complete your assessment 3.
Events and Submissions/Topic
Tutorial Wk 12
Module/Topic
Chapter
Events and Submissions/Topic
Assessment 3 is due this Monday at 11:59 PM AEST
Written Assessment (Individual) Due: Review/Exam Week Monday (7 Oct 2024) 11:59 pm AEST
Module/Topic
Chapter
Events and Submissions/Topic
1 Written Assessment
- Assessment 1 (30%) – will cover lectures 1 – 6
- Detailed assessment and marking rubric information will be available in Moodle from Week 1.
Week 7 Friday (30 Aug 2024) 11:59 pm AEST
Week 9 Friday (13 Sept 2024)
No Assessment Criteria
- Analyse principles of asset management maturity
- Conceptually map the maturity attributes of an organisation
- Appraise the benefits of assessing asset management maturity
2 Written Assessment
- Assessment 2 (30%) – will cover lectures 1 – 8
- Detailed assessment and marking rubric information will be available in Moodle from Week 1.
Week 10 Friday (20 Sept 2024) 11:59 pm AEST
Week 12 Friday (4 Oct 2024)
No Assessment Criteria
- Appraise the benefits of assessing asset management maturity
- Formulate asset management maturity process
- Rationalise various process maturity models
3 Written Assessment
- Assessment 3 (40%) – will cover lectures 1 – 10
- Detailed assessment and marking rubric information will be available in Moodle from Week 1.
Review/Exam Week Monday (7 Oct 2024) 11:59 pm AEST
Please note that grades are expected to be released on the grade certification day.
No Assessment Criteria
- Analyse principles of asset management maturity
- Conceptually map the maturity attributes of an organisation
- Formulate asset management maturity process
- Rationalise various process maturity models
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?
