WATR09004 2019 Asset Management and Resilience

Apply the framework contained in ISO 55000 - 55002 and the Institute of Asset Management Conceptual Model for Asset Management to the management of a water services sector operation.

Critically assess various approaches to the identification, assessment and mitigation of risk and exploitation of opportunities relating to asset management.

Discuss the factors that should be considered in the management of maintenance activities, including both preventive and corrective maintenance management methodologies.

Evaluate alternative capital and operating project options using a life-cycle approach and applying the Net Present Value methodology.

Prepare appropriate plans relating to potential incidents and disasters specifically related to the water services sector.

This module will be delivered using blended learning techniques. This will include online lectures (via Adobe Connect or similar), workshops and site visits augmented by independent learning and directed learning. This approach is expected to address student-learning needs. Moodle will be used to upload educational material (i.e. presentations and recordings of online lectures plus supplementary reading material) and as a means of assessment (e.g. quizzes, uploading assignments and journals). This blended approach (lectures and workshops) brings students together to facilitate group learning.

This module is 50% Continuous Assessment and 50% Final Exam.

Assessment will consist of two MCQs in weeks 4 - 6 and 8 - 10 (each worth 10%).

A practical assignment (given in weeks 2 - 4) must be submitted in weeks 10 - 12. (30%)

Repeat Continuous Assessment and/or Final Exam.

1. Apply the framework contained in ISO 55000 - 55002 and the Institute of Asset Management Conceptual Model for Asset management to the management of a water services sector operation.

• Detailed review of the three International Standards relating directly to Asset Management - ISO 55000, ISO 55001 and ISO 55002.
• Selected topics from the Institute of Asset Management Conceptual Model for Asset management

2. Critically assess various approaches to the identification, assessment and mitigation of risk and exploitation of opportunities relating to asset management.

Risk management policies and strategies, development and implementation of risk management processes, alignment of strategic, tactical and operational risks.

3. Discuss the factors that should be considered in the management of maintenance activities, including both preventive and corrective maintenance management methodologies.

• Resources needed to support maintenance assurance processes
• Responsibilities for asset maintenance delivery and improvement
• Integration of maintenance delivery processes other organisation functions
• Definition and documentation of maintenance requirements in specifications and standards
• Maintenance execution procedures
• Procedures for missed maintenance
• Maintenance data management

4. Evaluate alternative capital and operating project options using a life-cycle approach and applying the Net Present Value methodology.

• Defining the scope of proposed investments
• Consideration of all lifecycle costs
• Selection of appropriate discount factors
• Application of the Net Present Value methodology to assess proposed investments

5. Prepare appropriate plans relating to potential incidents and disasters specifically related to the water services sector.

• Risk Management policies
• Development and Execution of Risk Management processes
• Alignment of Strategic, Tactical and Operational risks
• Risk mitigation strategies