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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.