Engineering Asset Management (EAM) is the process of organising, planning and controlling the acquisition, use, care, refurbishment, and/or disposal of engineering related assets to optimise their service delivery potential and to minimise the related risks and costs over their entire life through the development and application of intangible assets such as business processes and knowledge-based decision-making software (quoted from J. Mathew, the President of the International Society of Engineering Asset Management). EAM is a prime field in managerial and technical importance to Hong Kong and global industry. Proper asset management can make the difference in competitiveness on a global scale. Nearly all kinds of industrial sectors require engineering asset management. Examples are public utilities, transportations, manufacturing, property development, building services, chemical and power plants, finance, information and telecommunication etc. EAM involves systematic and coordinated activities and practices through which an organization optimally and sustainably manages its engineering assets and asset systems, their associated performance, risks and expenditures over their life cycles for the purpose of achieving its organizational strategic plan.
Currently, in Hong Kong, the following companies have obtained full/partial certification according to either BSi PAS 55 or ISO 55000-2. They are the Drainage Services Department of the HK SAR Government, the Electrical and Mechanical Services Department of the HK SAR Government, the Hong Kong and China Gas Co. Ltd. (Towngas), the CLP Power Hong Kong Ltd., the MTR Corporation, the Hong Kong Electric, etc.
By taking the following courses related to EAM, the students will comprehend a basic managerial perspective to the maintenance and physical asset management, and introduce an effective strategy for routine maintenance and physical asset control so that the students are capable of selecting suitable EAM systems for different industrial sectors. Part of the content of the courses are especially designed to partially comply with the International Standard Organization (ISO) on Asset management ( ISO 55000-2 ) and the British Standards Institution on Asset Management ( BSi - PAS 55 ).
Students may take the following courses that are related to the profession of EAM as part of their required electives:
Last modified on 2 December, 2014