Physical Asset Management

Introduction to Asset Management.- Structure and Activities.- Asset Management Personnel.- From Concept to Project Approval.- Financial Methods.- Developing a Business Case.- Implementing Development Plans.- Life Cycle Planning and Costing.- Know Your Assets.- Asset Continuity Planning.- Strategic Asset Management Planning.- Capital Planning and Budget.- Asset Management.- Information Systems.- Cost-Benefit Analysis.- Risk Analysis and Risk Management.- Outsourcing.- Logistic Support.- Asset Basic Care.- Maintenance Organization and Budget.- Stock Control.- Reliability, Availability, Maintainability.- Safety.- Profit, Depreciation and Tax.- Asset Decision Examples.- Economic Life.- Equipment Replacement Decisions.- Further Financial Topics.- Performance, Audit and Review.   

Dr. Nicholas Anthony John Hastings has worked for over 45 years in the field of engineering asset management. His early career was in the British Army, where he attended the Royal Military Academy Sandhurst and the University of Cambridge and served in the Royal Electrical and Mechanical Engineers. He worked initially in maintenance management and later in asset management policy, focussing on planning for the ongoing sustainment of equipment fleets, through repair/replace decision making and related logistic issues.In 1994, he took up the Mount Isa Mines Chair in Maintenance Engineering at Queensland University of Technology, Brisbane, Australia. He subsequently worked on asset-related projects in mining, electricity supply, water supply, gas extraction and processing and defence. Following his retirement from full-time university work, he was awarded the Medal of the Maintenance Engineering Society of Australia for contributions to reliability and engineering asset management. In 2009, he was an expert witness on asset management issues for the Victorian Bushfire Royal Commission into the Black Saturday bushfires, Australia's worst bushfire disaster. He is Director of Albany Interactive Pty. Ltd., a consultancy firm in engineering asset management, and is External Lecturer in Asset Management Systems at Central Queensland University.