| Semester 1, 2023 Toowoomba On-campus | |
| Units : | 1 |
| School or Department : | School of Engineering |
| Grading basis : | Graded |
| Course fee schedule : | /current-students/administration/fees/fee-schedules |
Staffing
Course Coordinator:
Overview
In the modern world we are living today, the highest expenditure for any government is the cost of infrastructure and maintenance, providing vital services for the community. This is a continuous process and the demand for quality design, construction and maintenance of infrastructure has become an essential requirement for all the governments throughout the world. Asset management in an engineering environment involves the total economic analysis of infrastructure for the total lifespan of the assets.
The aim of this course is to enhance the ability of technology managers in making better economic and financial decisions for the construction and maintenance of infrastructure assets. This course is designed to cover all aspects of Asset management applied to infrastructure. The students are guided through the historical development of asset management, the role of asset management in an engineering environment, development of strategic planning for asset management, economic management of assets including asset valuation, asset operations and maintenance, integrated asset management, and computer-based asset management systems.
Course learning outcomes
- demonstrate an understanding of the role of asset management;
- apply cost effective whole of life financial planning for engineering and technological assets;
- critically evaluate and apply options for asset replacement, rehabilitation or upgrading;
- evaluate and manage the application of computer-based asset management systems.
Topics
| Description | Weighting(%) | |
|---|---|---|
| 1. | Historical development of asset management | 5.00 |
| 2. | Role of asset management in an engineering environment | 5.00 |
| 3. | Development of strategic planning for asset management | 10.00 |
| 4. | Asset performance requirements | 5.00 |
| 5. | Asset management planning | 5.00 |
| 6. | Asset management economics | 15.00 |
| 7. | Asset operations, maintenance and renewal | 15.00 |
| 8. | Integrated asset management | 15.00 |
| 9. | Application of computer-based asset management systems | 20.00 |
| 10. | Emerging issues in asset management | 5.00 |
Text and materials required to be purchased or accessed
Student workload expectations
To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.
Assessment details
| Description | Group Assessment |
Weighting (%) | Course learning outcomes |
|---|---|---|---|
| Problem Solving 1 | No | 10 | 1 |
| Problem Solving 2 | No | 40 | 1,2,3 |
| Problem Solving 3 | No | 50 | 1,2,3,4 |