MREGC5001 ASSIGNMENT 1
FOR MASTER STUDENTS
Assignment 1: Asset Management and Design for
Maintainability and Reliability
Due Date: Please refer to table 1.
Value: 20% (10% + 2.5% + 2.5% + 2.5% + 2.5%)
This assignment should be submitted in report format. Students will be expected to present
grammatically correct work that contains reasoned arguments. Students should demonstrate that they
have read and understood the study material and conducted some research to include at least three (3)
referred international journal and or conference papers. Constructive comment on the views expressed
by the various authors is encouraged.
The whole assignment report should total between 1000 and 1500 words.
Students will need to define a problem that a maintenance engineer faces in any organization
in life cycle decisions. You need to communicate maintenance of assets in your work area from
business perspective in a language that can be understood by the organization’s management
for managing cost/ benefit and risks in an objective manner using life cycle costs. Conduct a
literature search for relevant resources (journal and conference papers) on Terotechnology,
Capital Investment analysis and balancing capital expenditure and operational expenditure including
maintenance and write a brief report on potential application, in your industry sector along with
references at the end.
a) Introduction with context of your organisation/ proposed organisation
b) Needs and expectations of stakeholders from maintenance of any specific asset sat pump, motor,
generator, bridge, boiler, transformer, pressure vessels, rail track, chiller, heater, compressor, heavy
equipment or any other capital intensive industrial or infrastructure asset.
c) Scope of your maintenance organisation to meet those expectations using OPEX and CAPEX.
+ Ans ~ Q. 2a,b,c (talk about your problem)
d) Level of documented system for maintenance department for asset management.
e) Commitment and support from leadership for risk-based maintenance management.
f) How Life Cycle Costing is used in maintenance decision making in your organisation.
g) Any Gaps identified in current practice (appropriateness) when compared with good practices/
international standard of lifecycle costing.
+ Ans ~ Q. 3a,b,c & 4a,b.c
h) Conclusions with opportunities for improvement (along with reasons for your concluding statements)
i) Supporting documents from your organisation and/ or research as Appendix
j) References
+ Recommend Answer Placement to Following Questions
The above report should also include the following answers / graphs weaved within the report “+”
regarding the following problems, and not tacked on the end – Marks will be deducted.
Q.1.
What is the time value of money?
Explain using Excel on how compounding and discounting are used in capital investment decisions.
Select one of the plants or equipment recently installed/ planning to be procured or already replaced.
Any two or three alternative makes and or capacity was/ is available which was not considered. Use
excel for analysis and attach file with formula used as embedded file in word document/ upload file in
Moodle for analysing PW. AW. and FW. methods to determine investment opportunities should be
undertaken. Use a MARR of 10%.
If you do not have real data, then use a refrigerator for replacing your old one. Search online or talk
to store personnel for information on price and other relevant various costs. In this case, you might
have operating costs based on different power requirements and warranties.

What are the different types of availability measures?
How are availability measures used in maintenance effectiveness analysis?
Calculate the achieved availability for equipment, knowing the following related data:
(a) M ct = 0.95hr
(b) MTBM u = 18hrs
(c) M pt = 3.25hrs
(d) MTBM s = 23,750hrs
N.B. MTBM u = Mean Time Between Maintenance (Unscheduled)
MTBM s = Mean Time Between Maintenance (Scheduled)
Use excel and attach file as embedded file in word document/ upload file in Moodle with your analysis.
Is 95.00% achieved and what improvements are recommended to keep at its equipment availability rate?
Comment on what measure is used for analysing availability in your workplace or the workplace you have
worked in the past or in your work experience/ maintenance project.
Q.2c.
Q.3b.
Q.3a.
Q.2b.
Q.2a.
Q.3c.
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A maintainability test is accomplished and produced results given in the table below for the 35
testing tasks (Task times are in minutes)
Use excel and attach file as embedded file in word document/ upload file in Moodle for your analysis.
Find out whether the equipment item has passed the maintainability test and if has or if not,
suggest options what are needed for it to be met, or to keep contractual requirements.
Q.4c.
Explain the process of maintainability and how is it measured.
The contractual requirement for an equipment item’s maintenance lockout is a maximum of 67.00 min,
with an established risk factor of 5%. How is the Z score worked out in Standard Normal Distribution
Q.4a.
Q.4b.