Objectives and competences
Student will:
1. achieve deep understanding of the scope and role of physical asset management (PAM),
2. understand the asset life cycle management,
3. know the principles of PAM,
4. Understand the techniques and principles of organisation, planning and managing of the PAM.,
5. Understand the benefits (financial and non-financial) of a proper PAM system,
6. Understand the integration of PAM and investment activities.
Content (Syllabus outline)
1. Purpose, objectives, goals and role of physical asset management (PAM) system,
2. Basic of standardization and standards in the field of physical asset management,
3. Physical asset management processes,
4. Basics of risk management,
5. Contemporary maintenance concepts,
6. Maintenance and asset management information system (CMMS, AMS, MDSS),
7. Life cycle of physical assets,
8. Life cycle costs of physical assets,
9. Investment decision making in asset management,
10. Asset performance measurement,
11. Continuous physical asset management process improvement.
Learning and teaching methods
- Lectures
- Case studies and discussion
- Use of IT
Intended learning outcomes - knowledge and understanding
Knowledge and understanding:
At the end of this course, students will be able to:
• analyze the PAM processes and system,
• define and explain different maintenance approaches,
• develop PAM strategy and plans,
• analyze of PAM practices on productivity and effectiveness of an organisation
• organize and plan PAM activities as well as to conduct performance evaluation of PAM.
Intended learning outcomes - transferable/key skills and other attributes
- capability to select the appropriate methodologies for managing physical assets,
- capability to organize and plan PAM activities as well as to conduct performance evaluation of PAM,
- problem solving capability in the field of PAM,
- to decide on investments upon different criteria
Readings
- B. Gomišček, Vzdrževanje, 2010
- Wilson, A. (2010). Asset Maintenance Management: A Guide to Developing Strategy and Improving Performance, 2nd Edition
- Komonen, K. (2016). Maintenance within physical asset management, METSTA
- Hastings, N. A. J. (2015). Physical Asset Management: With an Introduction to ISO55000. London: Springer
- Hastings, N. A. J. (2010). Physical asset management. Vol. 2. London: Springer.
- SIST EN ISO 55001: 2014. Asset management - Management systems –Requirements
- SIST EN 16646 Maintenance - Maintenance within physical asset management
Sprotno aktualni viri bodo podani na predavanjih / Additional relevant literature will be given during the lectures
Prerequisits
- Basic knowledge in mathematics and statistics
Additional information on implementation and assessment - E-tasks (20 %)
- Tutorial assessment (10 %)
- Written exam (70 %)
