Introductory description

Excellent organizations plan and manage their knowledge and assets to support policy and strategy and effectively operate their processes, balancing current and future needs of the organization, the community and the environment. Students will learn how effective organizations manage their physical and knowledge resources by working in teams on a business simulation that was introduced in a previous module. They will draw upon the learning from previous core modules thereby heightening their understanding of the interdependencies that are well managed in excellent organizations.

Module web page

Module aims

Outline syllabus

This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.

Concepts of resource and asset management.
Overview of knowledge management in engineering asset management context.
Engineering asset management methodologies.
Maintenance strategies.
Life cycle costing.

Learning outcomes

By the end of the module, students should be able to:

• Identify and analyse opportunities to improve the management of an organization’s resources in support of an organization’s policy and strategy.
• Create an implementation plan that would deliver the identified opportunities.

Indicative reading list

Dhillon, B. S. (1989). Life cycle costing: techniques, models. and applications. New York: Gordon and Breach Science
EFQM. (2005). The EFQM framework for knowledge management: assessing the organization's knowledge management capabilities. Bruxelles: EFQM
Hauschild, M. Z., Rosenbaum, R. K., & Olsen, S. I. (Eds). (2018). Life Cycle Assessment : Theory and Practice. Cham: Springer
Lacy, P., Long, J., & Spindler, W. (2020). The circular economy handbook : realizing the circular advantage. London: Palgrave.
Lewis, H, & Gertsakis, J. (2001). Design [plus] environment: a global guide to designing greener goods. Sheffield: Greenleaf
North, K., & Kumta, G. (2018). Knowledge management : value creation through organizational learning . Cham: Springer.
Wireman, T. (2004). Benchmarking best practices in maintenance management. New York: Industrial

Subject specific skills

Understand the concepts of engineering asset management and its benefits, Understand the concepts of
knowledge management and its impact on asset management, Understand the methods to identify and
analyse opportunities to improve asset management, Understand the benefits of waste minimisation and
recycling to asset management, Understand the benefits of supply chain and logistic optimisation to asset
management

Transferable skills

Communication, critical thinking, working with others, problem solving, information literacy,
numeracy, digital literacy, ethical values, intercultural awareness, professionalism, organizational
awareness