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MODULE DESCRIPTOR
Module Title
Principles of Asset Management
Reference ENM640 Version 3
Created July 2017 SCQF Level SCQF 11
Approved September 2004 SCQF Points 15
Amended November 2017 ECTS Points 7.5

Aims of Module
To provide a conceptual understanding of the principles of Asset Management and the importance of leadership and change management in the implementation of Asset Management within an organisational context.

Learning Outcomes for Module
On completion of this module, students are expected to be able to:
1 Discuss the principles and process of Asset Management, including the measurement of asset performance and the management of risk.
2 Critically evaluate the contribution of leadership and other human factors associated with the successful development and implementation of Asset Management.
3 Appraise the issues in managing the change process and be able to lead a change initiative in organisations that adopt an Asset Management approach.

Indicative Module Content
History and current status of Asset Management as a professional discipline, its origins and the drivers leading to its adoption. Definition of asset types; assets as components of an operating system, process or activity. Managing the complexity of asset relationships and interactions in large industrial settings. An introduction to the techniques deployed in Asset Management related to cost, risk and performance and the enhancement of asset value. The way in which Asset Management is developed and implemented in organisations through effective leadership and decision-making at all levels in the organisation. An understanding of leadership styles; contingency and transformational approaches to leadership. The process of organisational change required when the Asset Management approach is adopted in organisations; issues and approaches to managing change; organisational change and culture; leading people through change.

Module Delivery
The module is delivered by workshops, which includes lectures, interactive group work, case study tutorials and directed self-study.

Indicative Student Workload Full Time Part Time
Contact Hours 30 30
Non-Contact Hours 120 120
Placement/Work-Based Learning Experience [Notional] Hours N/A N/A
TOTAL 150 150
Actual Placement hours for professional, statutory or regulatory body    

ASSESSMENT PLAN
If a major/minor model is used and box is ticked, % weightings below are indicative only.
Component 1
Type: Coursework Weighting: 50% Outcomes Assessed: 1
Description: Individual exercises.
Component 2
Type: Coursework Weighting: 50% Outcomes Assessed: 2, 3
Description: Case-study report.

MODULE PERFORMANCE DESCRIPTOR
Explanatory Text
To pass the module students must achieve a grade D overall with more than 40% in each component.
Module Grade Minimum Requirements to achieve Module Grade:
A >70%
B 60-69%
C 55-59%
D 50-54%
E 40-49%
F 0-39%
NS Non-submission of work by published deadline or non-attendance for examination

Module Requirements
Prerequisites for Module None.
Corequisites for module None.
Precluded Modules None.

ADDITIONAL NOTES
An Indicative Bibliography will normally reference the latest edition of a text. In some cases, older editions are equally useful for students and therefore, those are the editions that may be stocked.

INDICATIVE BIBLIOGRAPHY
1 BRITISH STANDARDS INSTITUTION, 2014. BS ISO 55000:2014. Asset management overview, principles and terminology. London: British Standards Institution.
2 CAMPBELL, J.D., JARDINE, A.K.S. and MCGLYNN, S., 2010. Asset management excellence. 2nd ed. Boca Raton, FL: CRC Press.
3 HOPKIN, P., 2017. Fundamentals of risk management: understanding, evaluating and implementing effective risk management. 4th ed. London: CIPD.
4 ATRILL, P., 2017. Accounting and finance for non-specialists. 10th ed. Harlow: Pearson Education.
5 MULLINS, L.J. and GILL, C., 2016. Management and organisational behaviour. 11th ed. Harlow: Pearson Education.


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