Global Initiative of Academic Networks (GIAN)

Template-Performa for Proposed Course under GIAN Project

The Course Co-ordinator and Co-coridnator may prepare a course to be conducted under GIAN Project in the following manner:

I. COURSE TITLE Overview In today’s highly competitive business environment, management of physical assets (their selection, maintenance, inspection and renewal) plays a key role in determining operational performance and profitability of any business unit, manufacturing plant or industry that operate assets as a part of their core business. Asset Management, being the art and science of making right decisions and optimizing these processes, attempts to minimize the total life cost of assets and directly or indirectly influences manufacturing/production/operation/service cost, processes and quality, and throughout or delivery time. There is particular interest in the application of asset management principles to the management of engineering systems in any industrial unit where the cost and performance of the assets are of major significance. Asset Management needs to focus on maintenance, renewal and enhancement activities, with an integrating mechanism, on delivering sustainable outputs valued by customers and funding providers at the lowest whole-life cost emphasizing on creating knowledge of how assets degrade and fail to optimize maintenance and renewal interventions. It is essential that industries across India, many organizations of which being asset-intensive, promote a consistent asset management approach to their infrastructures and systems in overall manufacturing, production and supply chain domain to develop their own methods, standards and framework for achieving excellence in business performance. The course will be planned and offered as per the norms set by Guru Jambheshwar University of Science and Technology for ISWT subject.

II. OBJECTIVES The primary objectives of the course are as follows:

  1. Exposing participants to the fundamentals of asset management practices
  2. Building in confidence and capability amongst the participants in the application of asset management tools and techniques and mapping the organizational activities and problems in terms of Asset Management framework,
  3. Providing exposure to practical problems and their solutions, through case studies and live projects in asset management, and
  4. Enhancing the capability of the participants to identify, control and remove asset management-related problems in engineering system.


Module A: Process of Asset Management Synthesis

  1. June 1 Wednesday
    1. Lecture 1 : 9:30 to 10:30 AM Asset Management Process
    2. Lecture 2 : 10:45 to 11:45 AM Theory of Asset Management
    3. Tutorial 1 : 2:00 to 4 PM Problem solving session with examples
  2. June 2 Thrusday
    1. Lecture 3 : 9:30 to 10:30 AM Case presentation on Asset Management
    2. Lecture 4 : 10:45 to 11:45 AM Asset Management Senario in Global Era
    3. Tutorial 2 : 2:00 to 4.00 PM Problem solving session with examples
  3. June 3 Friday First Examination for participants

Module B: Asset Optimisation Management

  1. June 4 Saturday
    1. Lecture 5 : 9:30 to 10:30 AM Risk and Return in Asset Management
    2. Lecture 6 : 10:45 to 11:45 AM Asset Portfolio Construction and revision
    3. Tutorial 3 : 2:00 to 4 PM Problem solving session with examples
  2. June 5 Sunday Second and Final Examination

IV. A BRIEF PROFILE OF THE INVITED EXPERTS The Course Co-ordinaror shall provide a brief profile of the invited expert after obtaining his consent for the purpose. Such brief profile should be restricted within 200 to 250 words.

The brief profile of the proposed Course Co-ordinator and Co-coridnator may be restricted within 100 to 125 words.