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HE Unit Template
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Asset Management Techniques
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MREGC5004 - Asset Management Techniques
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20250100
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2027
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/ords/r/dev/fed_occ/course?p6_code=MREGC5004&p0_catalogue_year=2027&p0_catalogue_term=0200
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Course
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Unit
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3.2
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2026-09-30
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2026-09-30
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Engineering
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Institute of Innovation, Science & Sustainability
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Engineering
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Postgraduate - Coursework
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15
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.125
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039999
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Engineering and Related Technologies, n.e.c.
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039999 - Engineering and Related Technologies, n.e.c.
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<a href="http://www.federation.edu.au/locate/unit/mregc5004">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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9
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Masters Degree
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Intermediate
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0
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<p>This unit covers asset management including relevant international standards such as ISO55000, ISO55002 and ISO55010 to support the application of the ISO55001 requirements. It also covers the Asset Management System (documented system) and the development of Strategic Asset Management Plan (SAMP), Asset Management Plan (AMP) in-line with ISO55001 standard and the application of Reliability Centred Maintenance processes. Analysis of costs, budgets and risks, Logistic Support and Inventory required for maintenance management and requirements of Asset Information Systems are also covered in this unit.</p>
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<p>This unit covers Asset management standard in line with ISO55000, ISO55002 and ISO55010 to support the application of the ISO55001 requirements.<br>
Topics may include:<br>
1. Introduction to Asset Management.<br>
2. ISO5500x series of standards.<br>
3. Reliability Centred Maintenance (RCM).<br>
4. Life Cycle Costing, budgeting and risk applicable to asset management.<br>
5. Logistic support and inventory management.<br>
6. Assets and Asset Information System.<br>
7. Equipment Replacement, Reliability, Availability and Maintainability and KPI.<br>
8. Maintenance organisation and budget.</p>
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<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
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2026
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Semester 2
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Overview
Key information
Requisites
Learning outcomes
Assessment
Parent Region
Overview
Unit description
<p>This unit covers asset management including relevant international standards such as ISO55000, ISO55002 and ISO55010 to support the application of the ISO55001 requirements. It also covers the Asset Management System (documented system) and the development of Strategic Asset Management Plan (SAMP), Asset Management Plan (AMP) in-line with ISO55001 standard and the application of Reliability Centred Maintenance processes. Analysis of costs, budgets and risks, Logistic Support and Inventory required for maintenance management and requirements of Asset Information Systems are also covered in this unit.</p>
Unit content
<p>This unit covers Asset management standard in line with ISO55000, ISO55002 and ISO55010 to support the application of the ISO55001 requirements.<br> Topics may include:<br> 1. Introduction to Asset Management.<br> 2. ISO5500x series of standards.<br> 3. Reliability Centred Maintenance (RCM).<br> 4. Life Cycle Costing, budgeting and risk applicable to asset management.<br> 5. Logistic support and inventory management.<br> 6. Assets and Asset Information System.<br> 7. Equipment Replacement, Reliability, Availability and Maintainability and KPI.<br> 8. Maintenance organisation and budget.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Engineering
Study level:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
039999 - Engineering and Related Technologies, n.e.c.
Offering:
<p><strong>Semester 2</strong><p>On-line Learning</p></p>
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/mregc5004">View unit fees</a>
Requisites
Prerequisite
None
Corequisite
None
Exclusion
None
Learning outcomes
Learning outcomes
<p>On successful completion of this unit, students are expected to gain the following [K]nowledge, [S]kills and [A]pplication of knowledge & skills</p>
Learning Outcomes
Ref
Outcome
K1
<p>Describe the scope of Asset Management as per international standard.</p>
K2
<p>Explain the techniques used in asset management.</p>
K3
<p>Recognise and describe processes used to solving a variety of real-life asset management problems.</p>
S1
<p>Assess SAMP and AMP in-line with the international standard.</p>
S2
<p>Develop and implement SAMP and AMP in-line with the international standard.</p>
A1
<p>Apply requirements of international standard in developing SAMP & AMP.</p>
A2
<p>Evaluate and reduce gaps in SAMP & AMP.</p>
A3
<p>Solve real life asset management problems for reducing costs and risks and enhancing performance.</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Report of review or development of Strategic Asset Management Plan.</p>
<p>Report</p>
<p>20% - 40%</p>
K1, K2, K3, S1, S2, A1, A2, A3
2
<p>Analysis and report of Asset Management Plan.</p>
<p>Analysis and report</p>
<p>40% - 50%</p>
K1, K2, K3, S1, S2, A1, A2, A3
3
<p>Review of online posts and discussion.</p>
<p>Online discussion</p>
<p>10% - 20%</p>
K1, K2, K3, S1, S2, A1, A2, A3
Supplementary assessment available:
Yes
Supplimentary assessment information:
<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Engineering
Study level:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
039999 - Engineering and Related Technologies, n.e.c.
Offering:
<p><strong>Semester 2</strong><p>On-line Learning</p></p>
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/mregc5004">View unit fees</a>
Additional information
Add Info Static Text
Internal reference: MREGC5004 - U3.2