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Presentation/PPT
27/08/2022
In this part of the course, students take on the role of asset manager in a gaming environment that is a microcosm of the asset management practice. This provides a test bed for students to make decisions in an asset management environment based on the knowledge framework, and provides the opportunity to obtain feedback on the results of decisions that are consistent with what may occur in practice.
The scenario is structured as a simplified cost model typical of that encountered in a local government environment. The key elements of the context setting include:
1. The Council SAMP has a requirement that tip truck capability be provided as part of the Council asset spread;
2. A major re-investment decision is pending and needs to be made based on available information in week 1 (representing 2017);
3. The cost model (asset performance) will be reviewed on an annual basis (2018, 2019 etc, representing week 2, 3 etc);
4. External and internal inputs will be revised each week, and asset management decisions revised and adjusted;
5. Decision making performance will be recorded progressively, with the summary figures available to the class;
6. Students will be asked to reflect on their own performance, and that of some of their peers in the final assessment.
Grading for assessment will primarily be based on the ability to relate the knowledge framework to the scenario, and to critically review asset management performance. In the context of the scenario, the ability to make good experience based decisions is commendable, but the ability to relate the scenario to knowledge framework and learning from the decision process is most important.
Student Requirements
Each week, students will be required to:
1. Make decisions, and make appropriate adjustments to the cost model;
2. Check their own key parameters on their cost model, and post them, along with their decisions on the discussion board;
3. Engage with their peers on the discussion board, including issues identified, and methodologies to resolve them.
4. Document their own learning by week in a simple reflective diary.
Scenario Context
Your local authority currently has a fleet of 6 Hino 10 m3 tip trucks that have reached the end of their service life. There are 4 shortlisted options for replacement are summarised in Table 1 see also Capital Cost Base tab on spread sheet, that have been prepared for consideration by the fleet manager.
The SAMP has an agreed action that the Council will maintain base load capability for tip trucks as a minimum to service emergency and miscellaneous council requirements as well as maintenance requirements. In the past, six tip trucks (10 m3 capacity) have been able to service this requirement with some additional capability for capital works. The bulk of capital works resources have been provided by external providers, of which there are a number in the local area. Funding has been sourced for some more significant capital works over the life of the new fleet, and some councillors have suggested that this be used as an opportunity to provide increased base load tip truck capability.
Options 1, 2, and 3 are based on the premise of disposing of the existing fleet for a $ 50,000 per truck serving as a deposit on new vehicles. Clearly Option 4 requires that the existing fleet be retained, and re-investment occur.
Scenario Changes
Most importantly, each Monday, new information affecting your choices for the scenario will be released via the announcements, so check your notifications for the updates – you’ll need them to undertake the scenario.
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