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HE Unit Template
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Quantitative Techniques for Asset Management
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MREGC5005 - Quantitative Techniques for Asset Management
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20240200
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1.2
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2026-09-10
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2026-09-10
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Engineering
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Institute of Innovation, Science & Sustainability
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Engineering
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Postgraduate - Coursework
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15
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.125
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039999
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Engineering and Related Technologies, n.e.c.
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039999 - Engineering and Related Technologies, n.e.c.
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<a href="http://www.federation.edu.au/locate/unit/mregc5005">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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9
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Masters Degree
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<p>This unit covers quantitative techniques and tools applied to asset management and risk based asset management decisions. This unit includes core topics of engineering systems, system diagrams, quantitative risk analysis techniques and reliability analysis methods (system and reliability block diagrams and hazard rate analysis for systems and components and active, parallel / standby redundancy). It also covers reliability statistics (Weibull analysis, reliability growth analysis, repairable and non-repairable systems) and maintenance optimisation models (replacement, inspections, maintenance resources requirement).</p>
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<p>This unit covers engineering systems, system diagrams, quantitative risk analysis techniques and reliability analysis methods (system and reliability block diagrams and hazard rate analysis for systems and components and active, parallel / standby redundancy).<br>
Engineering Systems and Quantifiable Risk Analysis. <br>
Reliability Analysis for components and systems.<br>
Failure data and statistical analysis for reliability. <br>
Maintenance Optimisation Models.</p>
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<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
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2027
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2026
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MREGC5005 - Quantitative Techniques for Asset Management
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MREGC5005 - Quantitative Techniques for Asset Management
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Semester
Semester 1
Semester 2
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Year
2027
2026
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Overview
Key information
Requisites
Learning outcomes
Assessment
FedTASK
Parent Region
Overview
Unit description
<p>This unit covers quantitative techniques and tools applied to asset management and risk based asset management decisions. This unit includes core topics of engineering systems, system diagrams, quantitative risk analysis techniques and reliability analysis methods (system and reliability block diagrams and hazard rate analysis for systems and components and active, parallel / standby redundancy). It also covers reliability statistics (Weibull analysis, reliability growth analysis, repairable and non-repairable systems) and maintenance optimisation models (replacement, inspections, maintenance resources requirement).</p>
Unit content
<p>This unit covers engineering systems, system diagrams, quantitative risk analysis techniques and reliability analysis methods (system and reliability block diagrams and hazard rate analysis for systems and components and active, parallel / standby redundancy).<br> Engineering Systems and Quantifiable Risk Analysis. <br> Reliability Analysis for components and systems.<br> Failure data and statistical analysis for reliability. <br> Maintenance Optimisation Models.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Engineering
Study level:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
039999 - Engineering and Related Technologies, n.e.c.
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/mregc5005">View unit fees</a>
Requisites
Prerequisite
None
Corequisite
None
Exclusion
<p>must not have completed "<a href="/ords/r/curriculum/catalogue/course?p6_code=MREGC5101" target="_blank">MREGC5101</a>"</p>
Learning outcomes
Learning outcomes
<p>On successful completion of this unit, students are expected to gain the following [K]nowledge, [S]kills and [A]pplication of knowledge & skills</p>
Learning Outcomes
Ref
Outcome
K1
<p>Interpret systems drawing, quantitative risk analysis, event trees and fault tree analysis.</p>
K2
<p>Detailed and critical explanations of reliability analysis methods including system diagram, reliability block diagram, hazard rates at system & component level, MooN system, active, parallel and stand-by redundancy.</p>
K3
<p>Provide comprehensive overviews of reliability related statistical processes.</p>
K4
<p>Classify and annotate maintenance decision models.</p>
S1
<p>Analyse asset maintenance and asset performance data to conduct quantitative risk analyses.</p>
S2
<p>Develop models to analyse asset management options and recommend decisions based on maintenance optimisation techniques.</p>
A1
<p>Identify opportunities for improvement using reliability engineering techniques and analysing maintenance and asset performance data.</p>
A2
<p>Construct models and apply reliability engineering and statistical techniques to optimise maintenance decisions.</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Analysis and report of faults using failure data.</p>
<p>Analysis and report</p>
<p>10% - 30%</p>
K1, K2, K3, K4, S1, S2, A1, A2
2
<p>Analysis of failure data for life prediction and improve reliability.</p>
<p>Analysis and report</p>
<p>20% - 40%</p>
K1, K2, K3, S1, S2, A1, A2
3
<p>Examination or online test</p>
<p>Examination or online test</p>
<p>60% - 40%</p>
K1, K2, K3, K4, S1, S2, A1, A2
Supplementary assessment available:
Yes
Supplementary assessment information:
<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
FedTASK
FedTASK
<p>Federation University recognises that students require key transferable employability skills to prepare them for their future workplace and society. FedTASKs (<strong>T</strong>ransferable <strong>A</strong>ttributes <strong>S</strong>kills and <strong>K</strong>nowledge) provide a targeted focus on five key, transferable Attributes, Skills, and Knowledge that are embedded within curriculum, developed gradually towards successful measures and interlinked with cross-discipline and co-operative learning opportunities.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Engineering
Study level:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
039999 - Engineering and Related Technologies, n.e.c.
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/mregc5005">View unit fees</a>
Additional information
Add Info Static Text
Internal reference: MREGC5005 - U1.2