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 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 - 2023

Term 2 - 2023 Profile
Online
Term 1 - 2024 Profile
Online
Term 2 - 2024 Profile
Online
Term 1 - 2025 Profile
Online
Term 2 - 2025 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 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%).

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 - 2023 : The overall satisfaction for students in the last offering of this course was 85.71% (`Agree` and `Strongly Agree` responses), based on a 35% 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: SUTE unit comments
Feedback
This was an enjoyable subject and was well delivered. Some of the questions for the assessments were too open to interpretation which resulted in lecture and tutorial time being taken up with questions regarding assessments.
Recommendation
The assessment items may be revised. The assignments are required to involve students’ actual industry projects where they work. Hence, they require lot of explanations to realize what need to be disclosed in the project report. More time should be provided explaining the requirements of each of the assignment projects.
Action Taken
Quality will be maintained and improved time to time. marking rubrics were revised with clearer requirements.
Source: SUTE unit comments
Feedback
Although happy with the course, I find having to wait four weeks for the final assignment mark and overall unit mark is unreasonable.
Recommendation
Giving meaningful feedback for the all the assignments to all of the students in a timely manner is always a challenge. For the future lecturer and marker extra care is recommended in this avenue.
Action Taken
Lecturer was reminded to post marked assignment within the time frame stated in the Unit Profile.
Source: SUTE unit comments
Feedback
Definitely needs to provide clearer learnings on how to analyse non financial benefits, and how to present a business case that has no revenue (most government sector projects for ancilliary assets).
Recommendation
Most assessment items in this unit require involvement of project information from students’ workplace. So, every project is different from one another. The future lecturer will be notified to discuss in detail of various aspects of how the beneficiaries of different projects can be accounted for.
Action Taken
Lecturer provided examples and case studies that could help students.
Source: Unit Evaluation
Feedback
Unit learnings can be directly applied at the workplace.
Recommendation
The feature will be maintained.
Action Taken
In Progress
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 Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5
1 - Written Assessment • •
2 - Written Assessment • • • • •
3 - Written Assessment • • •
Alignment of Graduate Attributes to Learning Outcomes
• Professional Level
• Advanced 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
• Professional Level
• Advanced Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8