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OPS 935 Project Management

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Question:

Scenario Background

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.

Requirements

You 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; and

  5. Submit their Decision and Reflection Log.
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