Unit of competency Outline

Date retreived
22/07/2026 3:12 PM AWST

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Develop and implement asset management plans

Develop and implement asset management plans

Unit of competency
National Code
CPPDSM5022
State Code
ODO50
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
17/10/2021
View on TGA
State Implementation and Classification
Approved Date
28/01/2022
Field of Education
080503 - Real Estate
Original Release Date
28/01/2022
Nominal Hours
40
Description
This unit of competency specifies the skills and knowledge required to develop a plan for the management of assets. It includes interpreting asset performance needs, developing effective strategies to manage the operational, resource and maintenance needs of assets and reviewing and evaluating the implementation of those strategies.This unit is for individuals who are self-directed and have substantial depth of knowledge and skills to make independent judgements in the provision of property services.Legislative, regulatory or certification requirements apply to work in property services in some states and territories. For further information, check with the relevant regulatory authority.
Notes
Elements and Performance Criteria
1 Interpret asset performance needs.
  • 1.1 Establish asset performance needs using relevant industry benchmarks and criteria in consultation with relevant persons.
  • 1.2 Conduct risk assessment of asset management outcomes according to regulatory and workplace requirements.
  • 1.3 Analyse and determine expected asset performance in varying conditions according to workplace requirements.
  • 1.4 Establish user, contractual and regulatory requirements for asset performance.
  • 1.5 Identify relevant specifications, conditions and manufacturer requirements for asset maintenance and operation.
2 Prepare plan and establish support arrangements.
  • 2.1 Prepare detailed asset management plan based on established asset performance needs according to workplace requirements.
  • 2.2 Incorporate operational and maintenance schedule, activities and timelines into asset management plan.
  • 2.3 Present asset management plan to client for review and seek feedback according to workplace requirements.
  • 2.4 Discuss quality assurance goals and strategies for plan implementation with relevant persons.
  • 2.5 Establish and document arrangements for monitoring and reporting implementation outcomes according to client and workplace requirements.
  • 2.6 Identify and arrange financial, physical and human resources required for plan implementation.
  • 2.7 Identify and document roles and responsibilities for establishing and maintaining asset register according to client, workplace and regulatory requirements.
3 Review and evaluate asset management plan processes and outcomes.
  • 3.1 Review and evaluate maintenance strategies in consultation with relevant persons according to workplace requirements.
  • 3.2 Systematically review and evaluate asset management planning processes and outcomes and document the results according to workplace requirements.
  • 3.3 Present evaluation findings to relevant persons within agreed timeframes and use feedback to improve asset management planning according to workplace requirements.
  • 3.4 Securely maintain asset management plan and related documentation according to regulatory and workplace requirements.
No information
No information
Replaces
State Code National Code Title Type
D1341 CPPDSM5022A Implement asset management plan Unit of competency