Asset management 780

Module code IBB 780
Qualification Postgraduate
Faculty Faculty of Engineering, Built Environment and Information Technology
Module content

The ISO 55000 standard (under development) defines an Asset as “something that has potential or actual value to an organisation”. The value will vary between different organisations and their stakeholders. Value can be tangible or intangible, financial or non-financial. Asset Management is defined as “the set of coordinated activities that an organisation uses to realise value from assets in the delivery of its outcomes or objectives.” Realisation of value requires the achievement of a balance of costs, risks and benefits, often over different timescales. The overall objective of this module is to apply the basic principles of planning, organisation, leading and control to the management of assets, in particular engineering assets. This includes aspects such as support, operation, performance evaluation and continual improvement. Current standards (e.g. ISO 55000), guidelines (e.g. PAS-55) and other government documents on asset management are also addressed in this module.

Module credits 16.00
Prerequisites No prerequisites.
Contact time 20 contact hours
Language of tuition Module is presented in English
Department Engineering and Technology Management
Period of presentation Semester 1 and Semester 2

The information published here is subject to change and may be amended after the publication of this information. The General Regulations (G Regulations) apply to all faculties of the University of Pretoria. It is expected of students to familiarise themselves well with these regulations as well as with the information contained in the General Rules section. Ignorance concerning these regulations and rules will not be accepted as an excuse for any transgression.

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