Introduction to Asset Management
Interested in, or involved in, Asset Management but don’t have time to complete a full degree?
28 July 22
5:30 PM – 7:30 PM
About the course
This fully online course is from our Bachelor of Engineering Technology (Asset Management Apprenticeship Pathway). It's delivered via Microsoft Teams every Thursday evening from 5.30pm-7.30pm and has assessments based in your workplace.
We recommend that it’s completed at the same time as our Asset Management Planning course (also from our engineering degree) but this isn’t compulsory.
Alongside industry experts, we’ve developed these courses to create a pathway into infrastructure management for people from diverse backgrounds. Our aim is to ensure that asset management learning is future-proofed so that multi-disciplinary teams can work effectively together, addressing skills gaps and solving ever more complex societal problems.
Taught by subject matter experts currently engaged in the industry, these courses will give you the skills and knowledge to become a competent member of an asset management team. You’ll know how registers and plans are developed and will be capable of contributing significantly to the development of these, you’ll appreciate your relationship with the overall system of asset management, and will understand the analytical, engagement and data sourcing activities needed of you.
For those who already have asset management experience, these courses will enable you to hone and deepen your abilities.
Course content is work-based and assessments are focused on producing two significant pieces of work over a six-month period (an asset register and an asset management plan). These pieces of work will benefit you and your employer.
We also actively encourage Asset Managers to join our online sessions for no charge, to enrich the learning for everyone.
$1,012 or $2,024 for both courses
Although this course starts on Thu 28 July, if you need to join one to two weeks later, you’ll be able to do this.
Why are both courses offered together
The course content of Introduction to Asset Management and Asset Management Planning has a lot of areas of cross over which means it makes sense for them both to be offered at the same time. This allows us to make the most of industry expertise and for you to complete two significant pieces of work over a six-month period; the development of an asset register for the Introductory course, and the development of an asset management plan for the Asset Management course. These pieces of work will benefit you and your employer.
Who you’ll be taught by
This course is delivered by subject matter experts who are working in the industry – meaning you get the most up-to-date knowledge and practices.
Learner feedback on this delivery style in the past has been overwhelmingly positive and many felt like it enhanced the quality of their final assessments/projects.
Our subject matter experts for this course are:
- Vaughn Crowther (Utility NZ) – Lead SME and will be the weekly lead
- Peter Mortimer (Downer)
- Ross Waugh (Waugh Consulting)
- Jon Visser (Port Otago)
- Roger Fairclough (NeoLeaf Global)
- Priyani De Silva Currie (BECA)
How your learning environment is set up
When you apply and are enrolled, you’ll be given digital badges through IPWEA which you can start to work through. You’ll be sent an email giving you instructions about how to access these badges.
You will also receive a student email account and be enrolled in our online learning platform called Moodle (you’ll get instructions about how to use Moodle).
Online sessions for both courses will be run on Thursdays from 5.30pm-7.30pm through Microsoft Teams. We’ll send you a calendar invite through your student email to these Teams sessions.
To be able to fully utilise the Teams environment, please use your student email link as this will give you all the live chat and functionality you need.
All Teams sessions will be set to automatically record from 5.15pm-7.45pm and the recording will be made available via the Teams group for anyone who missed the session.
Please ensure that you have the audio and visual capability to access these sessions properly as there’ll be activities where you’ll need to feed into conversations with others.
The learning leader will also set up individual Teams meeting with each participant during the first few weeks of the course to ensure they have a good understanding of your learning needs, and any work or personal challenges you may be facing that could impact on your attendance.
IPWEA: Digital Badges (2021) Sourced https://www.ipwea.org.nz/digital-badges/ (accessed 31/10/2021)
IPWEA: IIMM (2020) Sourced https://www.ipwea.org.nz/product/international-infrastructure-management-manual (accessed 15/6/2022)
How you’ll learn
Your online sessions on a Thursday will follow this format:
- industry experts will deliver learning about their particular area of expertise
- a “breakout room” group exercise will be run where you discuss the session and complete relevant activities
- the session will end with all participants re-grouping and discussing their findings with everyone.
For both courses, there are also self-directed learning tasks that must be completed.
For Introduction to Asset Management, the IPWEA digital badges 1-4 are compulsory activities and for Asset Management Planning, there is the self-directed online Moodle course with tasks to complete in each section. Even if you are only completing Introduction to Asset Management, there are some sections of the Asset Management Planning self-directed course in Moodle which may be beneficial.
Content of courses
- Definition of asset management; benefits of asset management; the asset management system
- Defining levels of service for infrastructure assets, including, but not limited to customer value, customer communication, decision-making, delivering value; performance measures and targets; identification of level of service gaps
- Essential asset attributes; data storage; data structures; performance and condition data; condition rating systems; performance rating systems
- Demand management practices for infrastructure assets, including, but not limited to: consideration of current use, timeframe, future use, intervention strategies, valuation of options, acceptability, stakeholder response, corporate strategies, future capital works programme, demographics.
- Renewal forecasting (extrapolation, age / remaining life estimates, condition-based renewal forecasts
- Configuration, capacity, asset parameters and functionality
- Modelling of current and forecasting future states
- Acceptable levels of service
- Asset lifespan: Use, Maintenance, Targets, limits
- Resilience: Management of change
- Options for addressing problems and opportunities including, but not limited to; do nothing, maintain, rehabilitate, replace, upgrade, non-asset solution or solutions.
- Cost/benefit analysis of options in terms of: Financial, Environmental, Social, Cultural implications.
- Elements of an asset management system
- Optimised decision-making process for infrastructure asset system management
- Creation and evaluation of criteria to assist decision making
- Reporting, documenting, recording of determination
- Criticality, vulnerabilities, interdependencies, and risk rating
- Emergency Management Planning
To be assessed for these courses, you’ll need access to a set of assets you can work with to compile your asset register and asset management plan. This will benefit your organisation too so the focus on the workplace-based learning component is strong.
If current processes are already in place at your place of work, the assessments may focus on you completing a comprehensive review and update of current registers/plans. This would involve considerable reflective practice that you would need to evidence. Alternatively, there may be an additional tier of assessments incorporated into existing plans. This will be discussed when you enrol.
Your final assessment/project if just completing the Introductory course is December 2022. If you’re completing this course and the Asset Management Planning course, final assessment/projects for both courses are due late February 2023.
You’ll achieve a Level 6 Certificate of Practice upon completion of these courses.
Each course requires 150 hours of learning (so if you’re completing both courses, you’ll need to spend 300 hours on your study).
For more information
Please email Sarah.Hexamer@op.ac.nz (Asset Management Courses Coordinator/Lecturer). You can also reach Sarah on 027 539 0193
If you want to apply for this course or both courses, please email Sally.Thomas@op.ac.nz
While every effort is made to ensure that this sheet is accurate, Otago Polytechnic reserves the right to amend, alter or withdraw any of the contained information. The fees shown in this document are indicative only. Both domestic and international fees are subject to change and are dependent on the development and implementation of Government policies. Please note that additional fees may from time to time be required for external examination, NZQA fees and/or additional material fees.