ENMM20024 - Asset Management Systems

General Information

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 2
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites Co-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 1 - 2020

Term 1 - 2020 Profile
Mixed Mode
Term 2 - 2020 Profile
Online
Term 1 - 2021 Profile
Online
Term 2 - 2021 Profile
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).

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.

Assessment Tasks

Assessment Task Weighting
1. Written Assessment 30%
2. Written Assessment 50%
3. Take Home Exam 20%

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

Past Exams

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Previous Feedback

Term 1 - 2019 : The overall satisfaction for students in the last offering of this course was 4.4 (on a 5 point Likert scale), based on a 55.17% 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: Have Your Say
Feedback
It is a good practical unit, it correlates to work related activities.
Recommendation
Good teaching practices will continue. Changes will be made as and when required.
Action Taken
Good teaching practices are maintained.
Source: Have your Say
Feedback
The feedback from the lecturer was constructive.
Recommendation
Highly experienced retired professor. He will be advised to keep feedback detailed as it helps students improving their next assignments.
Action Taken
Lecturer has been communicated for good work that he has done.
Source: Have your Say
Feedback
The number of copies of the textbook available in the library needs to be increased.
Recommendation
The library will be requested to order a few more copies of the e-book.
Action Taken
Library is aware of this fact as expected number of enrolments have been reported.
Source: Unit Profile reviewer
Feedback
Title of the Assignment 3 needs to be changed to Question Answer type.
Recommendation
The title will be changed via Unit Change Proposal.
Action Taken
Title of the assignment has been changed.
Source: Student emails
Feedback
Adequate number of textbook copies should be available in the library.
Recommendation
A request will be sent to the library for procuring extra copies.
Action Taken
Nil.
Source: Student email
Feedback
Assignment requirements needs to be clear.
Recommendation
The lecturer will be informed to explain the assignment requirements in the first Zoom session at an early stage.
Action Taken
Nil.
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Identify asset management functions
  2. Develop a life cycle plan for an asset in an organisation
  3. Apply financial concepts and techniques in an asset intense organisation
  4. Identify the key risks associated with assets in an intense assets organisation
  5. Demonstrate your leadership by applying asset management standards within your organisation.

n/a

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5
1 - Written Assessment
2 - Written Assessment
3 - Take Home Exam
Alignment of Graduate Attributes to Learning Outcomes
Advanced Level
Professional Level
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
Alignment of Assessment Tasks to Graduate Attributes
Advanced Level
Professional Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7
1 - Written Assessment
2 - Written Assessment
3 - Take Home Exam