Last Updated S012019


Unit Code MSR601
Unit Duration 1 Term (online) or 1 Semester (on-campus)

Master of Engineering (Safety, Risk and Reliability)

Duration 2 years   

Year Level TWO
Unit Creator / Reviewer Ernst Krauss
Core/Elective: Core
Pre/Co-requisites None


Credit Points


Masters total course credit points = 48

(12 credits (Thesis) + 3 credits x 12 (units))

Mode of Delivery

Online or on-campus. 

Combination of modes: Online synchronous lectures; asynchronous discussion groups, videos, remote and cloud-based labs (simulations); web and video conferencing tutorials. High emphasis on personal and group self-study.

Unit Workload

Total student workload including “contact hours” = 10 hours per week:

Lecture – 1 hour

Tutorial Lecture - 1 hour

Practical / Lab - 1 hour (if applicable)

Personal Study recommended - 7 hours

Unit Description and General Aims

Integrity, Risk and Reliability are tightly interwoven. In isolation, they serve to better understand exposure to risks, boundaries of operations, processes and activities before they become a threat. In combination, the form what might be termed ‘Integrity’, enabling safe operations at all levels. As a life cycle management activity, asset integrity helps to ensure that equipment is properly designed, installed, maintained and remains fit for use until it is retired. Asset integrity involves inspections, tests, preventative / predictive maintenance and repair activities that are performed by maintenance and contractor personnel at operating facilities.

This unit will introduce Asset Management and Asset Life-Cycle Management, as well as Condition Assessment, asset life progression and optimal life determination principles. It will also include Risk Based Inspections and Fitness for Service, and discuss the core of integrity in ageing assets, asking when to repair or replace.

Learning Outcomes

On successful completion of this Unit, students are expected to be able to:

1. Understand the relationships between Reliability, Risk, Integrity

2. Learn how to assess the condition of an asset and write reports

3. Develop and maintain asset and integrity management plans

4. Relate failure behaviour of equipment to condition, performance and risk to business

5. Advise business owner on asset sustainability and when to repair or replace an ageing asset

Student assessment

Assessment Type

(e.g. Assignment - 2000 word essay (specify topic) Examination (specify length and format))

When assessed

(eg Week 5)

Weighting (% of total unit marks) Learning Outcomes Assessed

Assessment 1

Type: Quiz

Word length: n/a

Topic: Fundamental concepts of asset management and condition assessment and management.  

 Week 4 20% 1, 2

Assessment 2 - mid-semester test

Type: Report (Midterm Project)

[This will include a progress report; literature review, hypothesis, and methodology / conclusions]

Word length: 2000

Topic example: Asset Management Plan alignment with Integrity requirements.   

Week 7 25% 3

Assessment 3

Type: Report (Final Project)

[If a continuation of the midterm, this should complete the report by adding sections on: methodology, implementation / evaluation, verification / validation, conclusion / challenges and recommendations / future work. If this is a new report, all headings from the midterm and the final reports must be included.]

Word length: 3000

Topic example: Related risk and measurement of Integrity, asset sustainability. OR Inspection planning and remedial action plans / implementation with examples of integrity failures / preventive actions.  

Week 12 35% 4, 5

Practical Participation

 Development of management plans     

Continuous 15% 3

Class Participation


Continuous 5% 1-5


Prescribed and Recommended readings

Required Textbook

I. Sutton, Process Risk and Reliability Management: Operational Integrity Management, 2010.


Reference Materials

  •  Asset Management – Overview, terms and definitions, ISO 55000: 2014
  •  Asset Management – Management Systems Requirements, ISO 55001: 2014
  •  Asset Management – Guidelines for the application of ISO 55001, ISO 55002: 2014
  •  Asset Integrity – The key to managing major incident risks, OGP, 2008
  •  Guidelines for Risk based Process Safety, CCPS, 2007
  •  API 579-1 / ASME FFS-1 2014 edition
  •  API RP 580 / 581
  •  IDC / EIT notes and Reference texts as advised.
  •  Other material advised during the lectures.

Unit Content

One topic is delivered per contact week, with the exception of part-time 24-week units, where one topic is delivered every two weeks.


Topic 1 and 2

Introduction to Asset Management and Asset Life-Cycle Management

1. Asset management and business performance

2. ISO 5500x framework for managing assets

3. Lifecycle phases and definition of asset life

4. Factors and Failure behaviour impacting on asset life

5. Risk based approach to focus on the right assets

6. Asset Integrity – Core integrity elements and their impact on safety, risk and performance

7. Relationship between Integrity, Risk and Reliability

8. Establish the integrity lifecycle

9. Examples of integrity delivery and management


Topic 3 and 4

Condition Assessment and Management

1. Defining condition and performance levels

2. Condition assessment process, methodologies, techniques and tools

3. Maintenance and asset condition

4. Data analysis of asset condition and health

5. Risk Based Inspection

6. Competence of assessors

7. Conducting assessments and reporting

8. Developing and maintaining Asset Management Plans

9. Case studies of inadequate assessment and reporting


Topic 5 and 6

Asset Life Progression and Optimal Life Determination Principles

1. Maintenance and Asset condition (history)

2. Relationship between asset condition and remaining life

3. Repair / Replacement decisions

4. Life span scenario modelling

5. Operational readiness activities

6. Lifecycle Management of Integrity

7. Asset Management Plan alignment with Integrity requirements

8. Special issue – purchasing and installing used or second-hand equipment

9. Special issue – asset management of long-term leased equipment


Topic 7 and 8

Risk Based Inspections and Fitness for Service

1. Identifying Risk – ALARP and Process Safety

2. Define Risk Based Inspections (RBI)

3. Defect assessment and management / condition assessment

4. Inspection planning and remedial action plans / implementation

5. Corrosion and Pipe integrity assessment

6. Probabilistic life assessment based on degradation mechanisms

7. Organisational Integrity and Management Systems

Topic 9 and 10

Integrity, ageing assets - repair or replace

1. Competency for Operational Safety Management

2. Integrity measurement

3. Root Cause Analysis

4. Repair / replace decisions, sustainability

5. Examples of integrity failures / preventive actions

6. Facility shutdown planning and risk based maintenance campaigns

7. Deciding when to repair – Whilst the facility is operating or during planned maintenance shutdowns

Topic 11 and 12

Project and Unit Review

In the final weeks students will have an opportunity to review the contents covered so far. Opportunity will be provided for a review of student work and to clarify any outstanding issues. Instructors/facilitators may choose to cover a specialized topic if applicable to that cohort. 

Project – due at end of term 

Software/Hardware Used


  • Software: N/A

  • Version: N/A

  • Instructions:  N/A

  • Additional resources or files: N/A


  • N/A