Get 30% Off + $20 Signup Bonus ! Limited Time, Hurry !
Securing Higher Grades Costing Your Pocket?
Book Your Assignment at The Lowest Price
Now!
Students Who Viewed This Also Studied
CIV5313 Asset Management
Tasks
Background
Asset Management is about planning for a sustainable future. The essence of good asset management is being able to defend today’s decisions and to demonstrate that the long term impacts of short term decisions can be made clear to stakeholders.
Decisions rely on data; good decisions rely on good data. Therefore asset data is the absolute key to ensuring that the right decisions have been made. Data has to be fit for purpose and should be able to articulate asset condition, functionality and levels of service. In addition, organizational data should be able to reflect “what has been done in the past” in order to predict “what is likely to happen in the future”.
An organization that can claim to have good asset management systems and processes is one where:
- Data collection methods are consistently defined throughout the organization.
- Data is repeatable and reliable.
- There are means and capable resources for converting data into information.
- There is sufficient knowledge in the organization about the history of maintenance.
- There is good use of life cycle models to determine long term funding needs for existing assets.
- There is a robust means of ensuring that assets are sustainable – i.e. costs of maintaining new assets into the future are identified and the costs of maintaining existing assets in the future are minimized.
In this assignment you’ll develop an asset management plan for a selected asset type. There are eight tasks including selecting an asset type, identifying data needs, predicting future condition, maintenance needs, performing economic analysis and preparing a maintenance plan.
Assignment:
1. Select an organisation and an asset type for the assignment. It will be useful if you are familiar with the organisation and the asset. Make sure that the asset you select is of reasonable size and is used substantially by the community. Also make sure that there is sufficient historical performance data for the chosen asset type as you’ll need them for your analysis. For example you may choose roads, bridges, buildings, traffic lights, etc. Describe the reasons for selecting the asset type. Also ensure you have the necessary permission to use and publish the data.
If you have difficulty in finding required data, the lecturer may be able to provide you with a set of data related to pavement assets.
Source of all data must be referenced. [10% marks]
2. Conduct a literature search of any investigation that has been undertaken for this asset in the recent past by the organisation. This could include community surveys, condition data reports, maintenance backlog reports and specific legislative or governance case studies including asset management objectives. Summarise your findings in relation to the following: [10% marks]
- Type of data that has been used for asset management.
- Validity of this data and its usefulness.
- Ability to use the information in future decision making i.e. impacts of these findings on what we need to do in future.
3. For the selected asset type, identify the goals/objectives of the organisation and develop a robust ‘data needs analysis’. Clearly identify the type of data you need and list if any information is not available. Any assumption must be justified. [10% marks]
4. Develop a data collection methodology for the data you identified in Task 3. Inventory and performance data must be included in your analysis. The methodology should include data collection method, frequency and equipment. [10% marks]
5. Identify level of service and performance measures for the asset type and assess current condition. If available use simple performance models to predict future asset conditions. Prediction of future asset condition will help determining maintenance needs. Where performance models are not available, you will need to find out the organisation’s practice of predicting asset condition and assessing maintenance needs. Justified assumptions on performance models can also be made to determine future asset conditions. [10% marks]
6. Using the performance models in Task 5, identify the maintenance needs and alternative treatment options. In this task you should identify what treatment is required, where and when. You may consider ‘do-nothing’ option as a base case. You should identify at least three options/strategies. [15% marks]
7. Perform life cycle analysis for the above options/strategies (in Task 6) and recommend the best treatment option/strategy using a suitable analysis period (say 20 years). Using the recommended option, prepare a maintenance program for the next five year (i.e. 5- year-maintenance-program).
Justify any assumption you make. [25% marks]
8. Assume the management agrees to spend only 60% of the total budget you require for the five-year plan (equal amount in every year) in Task 7. How would you convince the management to increase the budget? (You should consider using life cycle analysis and showing how the reduced budget impacts asset condition and serviceability). [10% marks]
CIV5313 Asset Management
Answer in Detail
Solved by qualified expert
Get Access to This Answer
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.
Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.
Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.
Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.
24 More Pages to Come in This Document. Get access to the complete answer.
MyAssignmenthelp.com has a huge network of customers across the globe, especially from US, UK and Australia. Our customer base mainly comprises of college and university students who avail online assignment help in various academic subjects. We have a 3000+ PhD level expert writers team that provides assignment help services to students. You can avail academic assignment help like custom essay help, dissertation writing services or homework help from our company. Our brand is totally approachable through 24×7 live chat support facility handled by skilful staff. Our staff members can address all your assignment based queries. You just need to visit and register on our site.
More CIV5313 CIV5313 Asset Management: Questions & Answers
CPE61022 Introduction to Process Safety
Question:
This assignment carries 95 marks. An online quiz based on the module lectures will carry 5 marks.To complete the assignment please use the content of the lectures and course notes from Autumn 2021, the references given plus any other research you deem appropriate. Please justify your stat …
View Answer
OMGT-117 Operations Management
Task
For your final paper you will have a choice of topics that correspond to the two broad areas of focus in the course:
1. Choose a strategically important process in your Tesla, analyze it, and create a plan to improve it.
2. Identify, analyze, and compare the supply chains of Amazon a …
View Answer
QSO300-Operations Management
Assignment
Read the article on, “Which Supply Chain Design is Right for You” and answer the following questions:
1.What dynamics must OP managers consider in selecting the correct OPSCM design?
2.Which of the OPSCM designs use a forecast?
3.What are the major differences among the OP …
View Answer
ENGR5156EL Research Methods Engineering
Question:
Preparing a research plan and scholarship application
This assignment presumes that you already have a research topic that has proved irresistible to you (if not research funders) and focuses on development of a plan for the completion of that research. This applies to all students, in …
View Answer
Content Removal Request
If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the
content removal request.
Choose Our Best Expert to Help You
Peter Peng
PhD in Geography with Specialization in Palaeogeography
2323 – Completed Orders
Hire Me
Kaden Booker
Doctor of Philosophy in Civil & Environmental Engineering (Ph.D.)
650 – Completed Orders
Hire Me
Still in Two Minds? The Proof is in Numbers!
38983 Genuine Reviews With a Rating of 4.9/5.
Marketing
Assignment: 4 Pages, Deadline:
1 day
well written and organized in a proper structure, however, more focus should be on the core subject
User ID: 6***69 United Arab Emirates
Healthcare
Assignment: 4 Pages, Deadline:
11 days
The writing is really good and went beyond my expectation. All the requirements are met and the sources were used in the essay are a reliable and good …
User ID: 5***30 Canada
Biology
Home Work: 1 Page, Deadline:
21 days
great staff, nice people they submitted my work onetime and I had passed my unit
User ID: 4***37 Sydney, Australia
Electronics
Programming: 0 Pages, Deadline:
2 days
excellent! very fast speed and good work. i appreciate the hard work from your team. will use again
User ID: 7***68 Sydney, Canada
Accounting
Course Work: 3 Pages, Deadline:
12 days
Hi! Thanks, again for your help! Very professional writer and finished on time! Quality is the best
User ID: 3***99 Ottawa, Canada
Finance
Programming: 2 Pages, Deadline:
4 days
The best work! Thanks, again for your help! I got the grade that I wanted! Very professional and well-organized
User ID: 3***99 Ottawa, Canada
Accounting
Course Work: 2 Pages, Deadline:
5 days
I got the mark that I wanted. Thank you, again for your help. Well-developed and organized.
User ID: 3***99 Ottawa, Canada
Psychology
Assignment: 6 Pages, Deadline:
13 days
cant complain happy by the look of the assignment! I will give more feedback once grade received
User ID: 8***95 Ottawa, Ireland
English
Home Work: 3 Pages, Deadline:
5 days
Thanks to reaching out before the due date. it’s well searched and well organized. thanks.
User ID: 6***55 Ottawa, Canada
Management
Essay: 6 Pages, Deadline:
8 days
It was good and received before the deadline, the content of essay is upto the mark
User ID: 8***22 United Kingdom, Great Britain
Management
Essay: 3 Pages, Deadline:
2 days
Wonderful original work. I was so impressed and thankful for all of the help. This made my assignment so easy to submit.
User ID: 8***72 Washington Court House, United States
It Write Up
Assignment: 2 Pages, Deadline:
17 hours
I need an clear an rich picture with details and the event table with type external,temporal,state in events type and trigger,action,condition respone …
User ID: 7***16 Washington Court House, Australia
HRM
Home Work: 1.5 Pages, Deadline:
5 days
great score on this assignment, feedback was on time. the assignment was submitted within the stipulated time frame.
User ID: 6***66 Washington Court House, Saint LUCIA
Management
Home Work: 18 Pages, Deadline:
9 days
Excellent but a lot of Citation was needed. got passing marks but it was critically analyzed.
User ID: 8***44 United Kingdom, Great Britain
Finance
Course Work: 8 Pages, Deadline:
20 hours
The writer did an excellent job writing the APA research paper and this individual met my requirements. Thank you for doing extraordinary work!
User ID: 8***35 Saint Louis, United States
Management
Home Work: 1 Page, Deadline:
14 hours
great work but now i did not get marks from professor. I like your work.Great great great great great…….
User ID: 8***10 Surrey, Canada
Project Management
Thesis: 20 Pages, Deadline:
7 days
It was a pretty good assignment I hope that and the others will be like this one
User ID: 6***39 Surrey, Greece
Management
Assignment: 10 Pages, Deadline:
5 days
i always go back for the assignment !! they are the best amazing work so fast and on time !!
User ID: 7***36 Riyadh, Saudi Arabia
HRM
Essay: 1 Page, Deadline:
2 days
well-written discussion and completed before deadline. Excellent service by customer care team.
User ID: 7***17 Riyadh, Australia
Marketing
Assignment: 10 Pages, Deadline:
4 days
Thank you for this excellent and valuable fileI thank the expert for his professional efforts in preparing the fileI would also like to thank the team …
User ID: 9***3 Riyadh, Kuwait
Marketing
Assignment: 4 Pages, Deadline:
1 day
well written and organized in a proper structure, however, more focus should be on the core subject
User ID: 6***69 United Arab Emirates
Healthcare
Assignment: 4 Pages, Deadline:
11 days
The writing is really good and went beyond my expectation. All the requirements are met and the sources were used in the essay are a reliable and good …
User ID: 5***30 Canada
Biology
Home Work: 1 Page, Deadline:
21 days
great staff, nice people they submitted my work onetime and I had passed my unit
User ID: 4***37 Sydney, Australia
Electronics
Programming: 0 Pages, Deadline:
2 days
excellent! very fast speed and good work. i appreciate the hard work from your team. will use again
User ID: 7***68 Sydney, Canada
Accounting
Course Work: 3 Pages, Deadline:
12 days
Hi! Thanks, again for your help! Very professional writer and finished on time! Quality is the best
User ID: 3***99 Ottawa, Canada
Finance
Programming: 2 Pages, Deadline:
4 days
The best work! Thanks, again for your help! I got the grade that I wanted! Very professional and well-organized
User ID: 3***99 Ottawa, Canada
Accounting
Course Work: 2 Pages, Deadline:
5 days
I got the mark that I wanted. Thank you, again for your help. Well-developed and organized.
User ID: 3***99 Ottawa, Canada
Psychology
Assignment: 6 Pages, Deadline:
13 days
cant complain happy by the look of the assignment! I will give more feedback once grade received
User ID: 8***95 Ottawa, Ireland
English
Home Work: 3 Pages, Deadline:
5 days
Thanks to reaching out before the due date. it’s well searched and well organized. thanks.
User ID: 6***55 Ottawa, Canada
Management
Essay: 6 Pages, Deadline:
8 days
It was good and received before the deadline, the content of essay is upto the mark
User ID: 8***22 United Kingdom, Great Britain
Management
Essay: 3 Pages, Deadline:
2 days
Wonderful original work. I was so impressed and thankful for all of the help. This made my assignment so easy to submit.
User ID: 8***72 Washington Court House, United States
It Write Up
Assignment: 2 Pages, Deadline:
17 hours
I need an clear an rich picture with details and the event table with type external,temporal,state in events type and trigger,action,condition respone …
User ID: 7***16 Washington Court House, Australia
HRM
Home Work: 1.5 Pages, Deadline:
5 days
great score on this assignment, feedback was on time. the assignment was submitted within the stipulated time frame.
User ID: 6***66 Washington Court House, Saint LUCIA
Management
Home Work: 18 Pages, Deadline:
9 days
Excellent but a lot of Citation was needed. got passing marks but it was critically analyzed.
User ID: 8***44 United Kingdom, Great Britain
Finance
Course Work: 8 Pages, Deadline:
20 hours
The writer did an excellent job writing the APA research paper and this individual met my requirements. Thank you for doing extraordinary work!
User ID: 8***35 Saint Louis, United States
Management
Home Work: 1 Page, Deadline:
14 hours
great work but now i did not get marks from professor. I like your work.Great great great great great…….
User ID: 8***10 Surrey, Canada
Project Management
Thesis: 20 Pages, Deadline:
7 days
It was a pretty good assignment I hope that and the others will be like this one
User ID: 6***39 Surrey, Greece
Management
Assignment: 10 Pages, Deadline:
5 days
i always go back for the assignment !! they are the best amazing work so fast and on time !!
User ID: 7***36 Riyadh, Saudi Arabia
HRM
Essay: 1 Page, Deadline:
2 days
well-written discussion and completed before deadline. Excellent service by customer care team.
User ID: 7***17 Riyadh, Australia
Marketing
Assignment: 10 Pages, Deadline:
4 days
Thank you for this excellent and valuable fileI thank the expert for his professional efforts in preparing the fileI would also like to thank the team …
User ID: 9***3 Riyadh, Kuwait
Have any Query?
The post CIV5313 Asset Management- Planning For a Sustainable Future appeared first on My Blog.