ENMM20029 - Asset Management Organisation

General Information

Unit Synopsis

This unit provides an introduction to asset management within an organisation. You will evaluate organisational structure that supports asset maintenance and management. You will compare different asset management principles and work processes to develop a rudimentary organisational structure that meets the regulatory requirements for asset maintenance and management. You will also research and evaluate changes in organisation’s asset management principles driven by market trends, the industry and regulatory environment including contracting strategies.

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 Prerequisite: ENMM20023 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 3 - 2024

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 30%
3. Written Assessment 40%

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 2 - 2021 : The overall satisfaction for students in the last offering of this course was 44.44% (`Agree` and `Strongly Agree` responses), based on a 26.47% 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: Feedback Survey- HAVE YOUR SAY
Feedback
Unit contents need to be updated.
Recommendation
The contents will be reviewed and upgraded on a continuous basis and also as a part of Five Years Courses Review Recommendations before the next offering.
Action Taken
The unit has been updated. The contents are updated based on current ISO 55000 suite standard.
Source: Feedback Survey- HAVE YOUR SAY
Feedback
More information and guidance needed on the assessments.
Recommendation
Further reinforcement and emphasize will be offered to the students during the lecture and tutorials. They will also be encouraged to consult via email and/or via phone when they feel to do so in their own pace.
Action Taken
The lecturer and tutor are informed for taking various steps and provide extra time to increase student engagements.
Source: Feedback Survey- HAVE YOUR SAY
Feedback
Some of the reference materials do not aligned with gender diversity in the industry.
Recommendation
Alternate materials will be explored to support diversity in the industry and value the current trend of industry workforce.
Action Taken
The unit will be updated according to current industry Organisation Health and Safety (OHS) and ISO 55000 suite standard.
Source: Have your say
Feedback
The presentation of the online lecture needs to improve to engage students.
Recommendation
A new lecturer more familiar with online lecture delivery will take this unit for the next offering (Term 1, 2022). This decision is also in line with some of the issues highlighted above. However, in addition to this change, the teaching team will implement improvements in the following areas: Use updated and engaging slides and teaching materials. This will include visuals, videos and appealing PowerPoint slides to make the content more exciting and interactive. Use teaching tools to enhance engagement, such as weekly visual quizzes embedded into Moodle. The teaching team will involve students in learning by asking questions, providing feedback, and collaborating with their peers. The lecturer will ensure participants can reflect on the weekly topics and engage with their peers during weekly sessions. The lecturer will also use real-life examples and case studies to connect with students. This will help them relate to the content and stay engaged throughout the lecture.
Action Taken
In Progress
Source: Have your say
Feedback
The module notes have a lot of areas for improvement. There are case studies, tables and figures that are referred to but not part of any course material. Some of the case studies were part of the Strategies module but not everyone will have done that module to know that.
Recommendation
Module notes and other teaching resources, including lecture slides, study materials, case studies, and referenced tables and figures, will be reviewed and updated to ensure all materials are provided on Moodle. Additionally, module notes will be enhanced using a new design to improve engagement and access to the required study resources. This will allow all the relevant content, such as weekly module notes, figures and tables, to be stored in specific documents. Furthermore, the assessments will be updated, focusing on industry best practices such as ISO standards. A new marking rubric aligning with evaluations will be developed, and both documents will be placed on the Assessment block of Moodle. The teaching team will ensure the Moodle sections and content are user-friendly and easily accessible for students.
Action Taken
In Progress
Source: Have your say
Feedback
With two lecturers and change in assessors mid term in T2 2021 was difficult to navigate who to discuss concerns.
Recommendation
The teaching team will ensure that at the start of each term, students are introduced to emergency contact points for the involved academics, and the UC and Lecturer contact details will be published on the Moodle site to avoid similar circumstances in the future.
Action Taken
In Progress
Unit learning Outcomes

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

  1. Compare an organisation’s asset management principles with industry best practices to develop a risk management plan
  2. Identify and communicate asset management practices to meet the needs of an organisation
  3. Evaluate organisational structure to support asset management
  4. Research and evaluate changes in organisation’s asset management principles driven by market trends, the industry and regulatory environment including contracting strategies
  5. Develop a rudimentary organisational structure for asset management to meet the regulatory requirements, through an Occupational Health & Safety (OHS) plan
  6. Reflect on your role within your organisation and identify ways in which you can develop your professional network as outlined in a Human Resources Management Plan.

N/A

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5 6
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 6
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