ENMM20024 - Asset Management Systems
Term 1 - 2017


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.

Overview

This unit provides an introduction to asset management concepts and systems. The assets referred to are physical assets such as fixed and mobile plant, machinery and infrastructure used in asset intensive industries. Students will learn how organizations manage their assets and asset systems and provide examples of financial concepts and techniques used in asset management. They 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. The unit also considers key risks associated with assets.

Details

Career Level Postgraduate
Credit Points 6
Student Contribution Band 2
Fraction of Full-Time Student Load 0.125

Pre-requisites or Co-requisites

Prerequisite: ENMM20023 Introduction to Asset and Maintenance Management

Residential Schools

This unit has a Optional Residential School for distance mode students and the details are:
Click here to see your Residential School Timetable.

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).

Offerings

Term 1 - 2017
  • Distance

Website

This unit has a website, within the Moodle system, which is available two weeks before the start of term. It is important that you visit your Moodle site throughout the term. Go to Moodle

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 Task Weighting
1. Written Assessment 30%
2. Written Assessment 60%
3. Presentation 10%

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 Procedures for more details of interim results and final grades.

All University policies are available on the IMPortal.

You may wish to view these policies:

  • Grades and Results Procedure
  • Assessment Policy and Procedure (Higher Education Coursework)
  • Review of Grade Procedure
  • Academic Misconduct Procedure
  • Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
  • Monitoring Academic Progress (MAP) Policy and Procedure – International Students
  • Refund and Excess Payments (Credit Balances) Policy and Procedure
  • Student Feedback – Compliments and Complaints Policy and Procedure
  • Acceptable Use of Information and Communications Technology Facilities and Devices Policy and Procedure

This list is not an exhaustive list of all University policies. The full list of University policies are available on the IMPortal.

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 Source Recommendation
Students find this course relevant to their workplace activities Moodle Students and lecturers will be advised to maintain the relevance of the course to industry.
On successful completion of this unit, you will be able to:
  1. Identify asset management functions and develop a life cycle plan for an asset in an organisation.
  2. Provide examples of financial concepts and techniques used in asset management.
  3. Apply financial principles in an asset management context.
  4. Discuss the key risks associated with assets.
  5. Reflect on self-performance within your organisation and identify ways in which you can develop your leadership skills.

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Alignment of Assessment Tasks to Learning Outcomes

Assessment Tasks Learning Outcomes
1 2 3 4 5
1 - Written Assessment  
2 - Written Assessment  
3 - Presentation        

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
1 - Written Assessment      
2 - Written Assessment
3 - Presentation        

Prescribed Textbooks

Physical Asset Management: With an Introduction to ISO55000 2nd ed.
Author/s: Nicholas Anthony John Hastings Year: 2015
Edition: Second Publisher: Springer International Publishing
Country: Switzerland
View textbooks at the CQUniversity Bookshop
Note: There are two electronic copies available in the CQU Library.

IT Resources

You will need access to the following IT resources:
  • Unit Website (Moodle)
  • Internet
  • CQUniversity Student Email
  • 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 via Blackboard Collaborate
All submissions for this unit must use the Harvard (author-date) referencing style (details can be obtained here). For further information, see the Assessment Tasks below.
Unit CoordinatorSubhash Sharma (s.sharma2@cqu.edu.au)
Note: Check the Term-Specific section for any additional contact information provided by the teaching team
Week Begin Date Module/Topic Chapter Events and Submissions
Week 1 06-03-2017

Module 1- Introduction to Asset Management

Study all chapters and practice Self Assessment 1

Online Blackboard Collaborate lecture sessions will be announced by the lecturer via Moodle web page of this unit.

Week 2 13-03-2017

Module 1- Introduction to Asset Management

Study all chapters, practice Self Assessment Quiz 2 and work on Assignment 1

Discussion forum activities

Week 3 20-03-2017

Module 2- Asset Capability Delivery

Study all chapters and practice Self Assessment Quiz 1, keep working on Assignment 1

Week 4 27-03-2017

Module 2- Asset Capability Delivery

Study all chapters and practice Self Assessment Quiz 2, Work on Assignment 1.

Week 5 03-04-2017

Module 3- Financial Methods

Study all chapters and practice Self Assessment Quiz 1, start planning Assignment 2. the assignment is due on Friday.

Assessment 1-Written assessment Due Friday (07 Apr 17) 11:45 PM AEST
Vacation Week 10-04-2017

Vacation week

Week 6 17-04-2017

Module 3- Financial Methods

Study all chapters including case study and practice Self Assessment Quiz 2, Submit Assignment 1 on Friday this week.

discussion forum activities

Week 7 24-04-2017

Module 4- Asset Budgeting CAPEX and OPEX

Study all chapters and practice Self assessment Quiz 1 and start working on Assignment 2

Week 8 01-05-2017

Module 4- Asset Budgeting CAPEX and OPEX

Study all chapters and practise Self Assessment Quiz 2, Keep working on Assignment 2

Week 9 08-05-2017

Module 5- Risk Analysis and Risk Management

Study all chapters and practise Self Assessment Quiz 1, Analyse data and keep working on Assignment 2

Week 10 15-05-2017

Module 5- Risk Analysis and Risk Management

Study all chapters and practise Self Assessment Quiz 2, Practise the asset information exercise in the Learning Guide and collect similar data from your company, keep working on Assignment 2

Assignment 2- Written and Presenation Due Friday (19 May 17) 06:00 PM AEST
Week 11 22-05-2017

Module 6- Support Systems

Study all chapters, practice Self Assessment Quiz 1 & 2 and Finalise Assignment 2 for submission Monday week 12.

Week 12 29-05-2017

Module 6- Support Systems

Review chapters, submit assignment this Friday at 6.00pm and Power Point slides from the assignment before midnight.

Assignment 3-Question-Answer Due Friday (02 Jun 17) 11:45 PM AEST
Review/Exam Week 05-06-2017
Exam Week 12-06-2017

1 Written Assessment

Assessment Title Assessment 1-Written assessment
Task Description

Please read Module 1 of your Learning Guide thoroughly prior to attempting this assignment. The assignment is based on information gathered from your industry through reports or interviews. Resources beyond the Learning Guide will also be required for this assignment. Choose your problem in such a way that it is used for your Assignment 2 also which is a mini-project. If the information is of a confidential nature the data could be scaled or given as an schematic, the responsibility lies with the student.

The objective of this assignment is to:

  • identify and briefly outline a project for a potential asset based development or improvement related to your workplace,
  • identify existing procedures and/or documentation within your organisation relating to decisions regarding asset acquisitions or developments, including financial or business case requirements and logistic support aspects.

Further information will be available on the unit Moodle website.

Assessment Due Date Week 5 Friday (07-Apr-2017) 11:45 PM AEST
Return Date to Students Week 7 Friday (28-Apr-2017)
Weighting 30%
Assessment Criteria

The assessment criteria for this assignment are as follows:

  • Clarity of problem definition
  • Understanding conveyed by the proposed methods of progressing the project
  • Ability to locate and summarise relevant documentation and procedures
  • Provide overall clarity of expression, correct grammar, spelling and punctuation

A word count limit applies for this assignment and is subjected to a penalty if exceeded. For other information such as, marking criteria, assignment question and the marking scheme for each question please visit the moodle web page of this unit.

Referencing Style Harvard (author-date)
Submission Online

The required standard file name format, Example –John_Smith_ENMM20018_Ass3.doc

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Identify asset management functions and develop a life cycle plan for an asset in an organisation.

2. Provide examples of financial concepts and techniques used in asset management.

3. Apply financial principles in an asset management context.

4. Discuss the key risks associated with assets.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Knowledge

2. Communication

3. Cognitive, technical and creative skills

4. Research



2 Written Assessment

Assessment Title Assignment 2- Written and Presenation
Task Description

Please read all the modules of your Learning Guide thoroughly prior to attempting this assignment. It will require data/information from your own organisation and you may have to refer resources beyond the Learning Guide. The assignment must be written in a report form; structure, formatting, language and referencing are important. If the information used is of confidential nature the data could be scaled or given as an schematic, total responsibility lies with the student.

The objective of this assignment is to develop your ability to create and present a business case for an asset management development in your organisation, or a similar setting. This assignment concentrates on the justification for the project in financial and/or cost-benefit terms, or other compelling reasons e.g. regulatory requirements.

Word count applies for this assignment and is subjected to penalty. Further details are available on the Moodle Website of this unit.

Assessment Due Date Week 10 Friday (19-May-2017) 06:00 PM AEST
Return Date to Students Exam Week Friday (16-Jun-2017)
Weighting 60%
Assessment Criteria

The assessment criteria for this assignment are as follows:

  • Demonstrate technical knowledge and/or use of sources and data sufficient to meet the project requirements
  • Demonstrate relevant business and financial knowledge and analytical ability
  • Demonstrate logic in deriving results, including explaining assumptions, limitations and possible issues or risks
  • Provide overall clarity of expression, correct grammar, spelling and punctuation

A word count limit applies for this assignment and is subject to a penalty if exceeded. For further information such as, assignment question and the marking scheme for each question please visit the moodle Website of this unit.

Referencing Style Harvard (author-date)
Submission Online

Use standard file name format, Example –John_Smith_ENMM20018_Ass2.doc

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

2. Provide examples of financial concepts and techniques used in asset management.

3. Apply financial principles in an asset management context.

4. Discuss the key risks associated with assets.

5. Reflect on self-performance within your organisation and identify ways in which you can develop your leadership skills.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Knowledge

2. Communication

3. Cognitive, technical and creative skills

4. Research

5. Self-management

6. Ethical and Professional Responsibility

7. Leadership



3 Presentation

Assessment Title Assignment 3-Question-Answer
Task Description

This assignment is aimed at assessing the overall understanding of Asset Management topics and ISO55000. Students are required to read the course notes and present responses to the questions asked in this assignment. Students’ responses should reflect their own interpretation and workplace experience, as well as learning through commentary given by experts in articles and books including the recommended text book of this unit.

Assessment Due Date Week 12 Friday (02-Jun-2017) 11:45 PM AEST
Return Date to Students Exam Week Friday (16-Jun-2017)
Weighting 10%
Assessment Criteria

The following assessment criteria will be applied:

· Answers should be short and to the point.

· The response should reflect the accuracy of information contained in the answer.

· Students own interpretation should reflect his/her own workplace experience.

· Answers need not be cut and paste from the standards or notes

· For further information please visit the Moodle Website.

Referencing Style Harvard (author-date)
Submission Online

Use standard file name format, Example –Smith_J_ENMM20018_Ass2.doc

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

4. Discuss the key risks associated with assets.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

2. Communication

5. Self-management

7. Leadership




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