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Contin 1 Sciences s ystem. isation. nagement Asst3_ eptible to r the osion of a on or CP e pipe ntained ued over ENGG958, Autumn 2017 Page 2 (ii) Using the situation associated with your chosen set of assets as the context, choose an appropriate framework to use in order to understand asset management for this set of assets. Justify your choice. Populate the chosen framework indicating: the key functions; and, also the key relationships between those functions both for the asset-related activities and the asset management system. A diagram should form the basis of your answer. (iii) Identify the major functions within the broader organisation with which asset management interacts: e.g. the finance system and the human resources system. Define the nature of the interactions between asset management and those organizational functions. You may do this by using a table, setting out each function and the details of the relationship. The table may be supported by a diagram to illustrate the relationships, if desired. (iv) Choose one of the key asset-related functions and detail the inputs from and outputs to the interacting functions within asset management. In all cases explain your reasoning. Maximum 5000 words ENGG958, Autumn 2017 Page 3 Assessment Rubric – Assignment 3 Content Value Below Expectation (0-49%) Acceptable (50-64%) Good (65-84%) Excellent (85%+) Systematic  approach  to  the  analysis is taken. 30% No process  evident  Process devised  referencing some  methods or  frameworks and  standards  Process  referenced to  available  methods or  frameworks and  standards  following some  critique.  Process referenced  to available  methods or  frameworks and  standards which  have been critiqued  against their  required use for the  case analysed.  AM  function  Interfaces,  key  functions  and  their  interrelationships  established. 35% Significant  interrelationships  & functions not  identified  Major functions &  interrelationships  identified  Functions &  interrelationships  identified  including the  significance of the  relationships  Insightful, fully  justified functions  &  interrelationships.  Allows  understanding of  the nature of asset  management and  its role within the  organisation.  External  function  Interfaces,  key  functions  and  their  interrelationships  established. 25% Significant  interrelationships  & functions not  identified  Major functions &  interrelationships  identified  Functions &  interrelationships  identified  including the  significance of the  relationships  Insightful, fully  justified functions  &  interrelationships.  Allows  understanding of  the nature of asset  management and  its role within the  organisation.  Structure  of  written  work  (Assignment  overall)  10%  Poorly organised Logical  development  of  arguments   Report structured  in  a  competent  manner  with  consistent  logical  development  response  Report  structured  in  a  professional  manner  such  that  report  flows  seamlessly and flow  enhances  understanding.  Referencing  (Assignment  overall)  Reqd  Unacceptable: No referencing or  no in‐text citation  of references  (this is plagiarism,  refer  to  UOW  policies)  Acceptable: Harvard system of referencing used. References cited in the  main body of the report where used and then listed correctly  in the References section at the back of the report.