KNE510: Asset Management Fundamentals
The purpose of this unit is to develop an understanding of the broad principles of a strategic approach to managing infrastructure. The unit explains the importance of applying appropriate asset management processes to optimise the service delivery provided to stakeholders from infrastructure assets. Importantly this unit provides an explanation of an asset management framework and the integrated relationship of this framework with an organisation’s corporate planning.
The unit compares the different strategies that might be most appropriate for different types of service delivery, including how to plan for and manage changes in demand for those services. Optimised decision making techniques are explained to illustrate best practice in deciding investment allocations for competing asset classes in an organisation. Integral to the asset management process is data collection and management, especially in relation to asset condition and the unit explains how these techniques can be applied. Managing risk within the asset management process is essential and the risk management process applicable to strategic infrastructure planning is examined..
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