EG5220 - Advanced Asset Management and Reliability

Review of sustainable practices of asset management; industrial-scale spare parts and warehouse management; life-cycle cost analysis of equipment; modern software-based maintenance management systems; engagement with asset management and reliability standards; modern failure mode and root cause analysis; reliability centred maintenance; equipment integrity and system environment condition monitoring.

Learning Outcomes

• apply reliability engineering principles and methods to support asset management decision making;
• apply advanced asset management concepts, techniques and strategies to enhance industrial sustainability;
• demonstrate advanced management considerations and design implementations of decisions relating to machine maintenance, interaction with the workforce, and asset turnover.

Subject Assessment

• Written > Examination (centrally administered) - (50%) - Individual
• Written > Technical report - (35%) - Individual
• Test 1 5% Test 2 5% Oral presentation 5% - (15%) - Individual.

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.