Physical Asset Practitioner: 333911

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Nov 18, 2013 (3 years and 6 months ago)

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For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications



Physical Asset Practitioner:
333911




Practical Skills Module Specifications



(Note:

P
hysical Asset Management System

refers to an organization’s physical
asset management policy, physical asset management strategy, physical asset
management objectives
, physical asset management plan(s) and the activities,
processes and organizational structures necessary for their development,
implementation and continual improvement.


Asset System

refers to sets of physical assets that interact and/or are interrelated

so as to deliver a required business function or service. In an physical asset system
individual physical assets and various groupings of physical assets (asset portfolio)
can typically be distinguished.)


Occupational Purpose:

Physical asset practitioner
s
apply
the physical asset management framework and
policies to ensure the perf
ormance and output potential of

physical assets through
systematic maintenance activities and practices throughout the life cycle of the
physical asset within a risk framework t
o achieve strategic objectives and activate
the execution of the most relevant maintenance strategies.


Occupational Tasks:

1.

Maintain the physical asset management system in terms of data
integrity

(NQF
5)

2.

Coordinate the processes of the various stages in

the life cycle of
physical assets

(NQF
6)

3.

Interpret, implement and report in conjunction with a work team on
physical asset performance improvements and recommendations

(NQF
6)

4.

Participate and inform new physical asset creation project teams on
rele
vant aspects of physical asset management knowledge (skills,
techniques, etc.) related to area of operation

(NQF
6)

5.

Contribute to the statutory reporting on operational and financial
performance of physical assets

(NQF
5)



For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications



Occupational
Task One:

M
aintain the physical asset management system in terms of data
integrity


Title of the
Module:

Perform physical asset management activities within the
operational area of responsibility according to the physical asset
management procedure and process manua
l

Purpose of the
Module:

The focus of the learning in this module is on providing the
learner an opportunity to: Maintain an integrated physical asset
management system in response to organizational needs and
ensuring that physical asset

management activi
ties are focused
on and achieve organisational objectives through the
implementation of policies, processes and operations required for
the optimal utilisation of the system

Level:

5

Credits:

14

Exemptions:

No Exemptions.

This module can be achieved in
full through a standard RPL
process



Practical Skills

Conditions for
Performing the Practical
Skill and Performance
Standard

Assessment Criteria

1.

Interpret physical
asset

system
requirements for
data integrity


Given a physical asset
management system
f
ramework and information

on

physical assets

The learner will



Capture specific data
according to system
requirements, using
specific technologies;



Explain system
parameters such as
performance
requirements, data
storage requirements,
time constraints and
re
port structures; access
controls and security of
data;



Apply a selected method
of data interrogation and
transfer



Explain the integration
requirements of a
physical asset
management system
with the financial
management system and
other soft ware
applicat
ions;



Explain the parameters
required for a physical


Observe the analytical
thinking and logic
followed



Evaluate the physical
asset management
system framework



Evaluate da
ta gathering
tools



Test an understanding of
the impact of data quality
on the value of
management reporting in
general;



Evaluate captured data
for correctness and
integrity


For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications


Practical Skills

Conditions for
Performing the Practical
Skill and Performance
Standard

Assessment Criteria

asset management
system in support of
data integrity.



Discuss a physical asset
management system
framework.



Provide physical asset
Management data and
information needed to
transfer physical assets
to op
erational use


Standard: The physical asset
system is fully integrated
with the financial
management system and
the soft ware application

2.

Define physical
asset management
standards


Given a physical asset
management str
ategy and
plan(s)

The learner will be able to



Provide physical asset
definition standards to
exhibit a common
definition of physical
asset attributes



Define physical asset
condition standards and
measures and specify
how these should be
used in condition
a
ssessment



Specify standard
definitions of physical
asset defects and
failures



Specify physical asset
performance standards



Specify functionality and
service life requirements
for all key physical asset
types


Standard: the physical asset
management standar
ds
reflect the goals of the
strategy



Evaluate procedure to
establish standards



Verify that the defined
physical asset
management standards
are consistent with
physical asset
management strategy
and plan(s)


3.

Develop and
document
procedures in
relation to
Given the physical asset
management system
specifications

The learner will



Test understanding of the
legislative framework and
operational / financial
requirements

For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications


Practical Skills

Conditions for
Performing the Practical
Skill and Performance
Standard

Assessment Criteria

frameworks and
the physical asset

system.



Peruse financial and
operational requirements
and legislation in order
to develop procedures
that will result in
appropriate data
collectio
n and reporting;



Benchmark procedures
against good practice;



Draw a process map;



Draft procedures;


Standard: procedures
contribute to an integrated
whole.



Evaluate be
nchmarking
sources



Evaluate procedures for
integration and quality



Evaluate the process map

4.

Integrate a
physical asset
management
information system

Given physical asset
management strategy and
plan(s),

The learner will be able to:



Validate functional and

technical requirements
of Information Systems
needed to support and
integrate physical asset

management processes.



Identify human factor
implications of
functional, technical and
business requirements



Physically integrate
Information Systems and
Tools




Ev
aluate a draft of
specifications

5.

Plan the
implementation of
the physical asset

system

Given the organizational
physical asset system
methodology,

The learner will be able to



Interpret specifications
and conditions for
optimal utilization of

a
physical
asset
Management system



Prepare system roll out
plans using suitable best
practice models



Utilize data to measure
and monitor the
effectiveness of the
physical asset
Management system roll
out and report thereon



Implementation plan

For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications


Practical Skills

Conditions for
Performing the Practical
Skill and Performance
Standard

Assessment Criteria

6.

Assess the
performance
of the
physical asset
system

Given predetermined
standards for required
physical asset performance
and performance data the
learner will:



Assess the performance
of the physical asset
management system
against specifications for
physical asset
performance



Identify the deviations
and root causes of
physical asset
management system
non conformances



Identify corrective
actions appropriate to
the deviation



Compile a report on
results of the
performance
assessment, deviations,
root causes and
corrective actions



Explain results of
adverse performance on
the physical asset
management strategy
and objectives



Evaluate the report for
relevance and integration
of the aspects



Practical / Applied / Functional Knowledge:

1.

Research techniques;

2.

Report and procedure writin
g techniques;

3.

Procedure formulating techniques:

4.

Policy analysis techniques;

5.

Process mapping techniques;

6.

Techniques for aligning operational requirements and constraints;

7.

Numerical skills;

8.

Analytical thinking techniques;

9.

Interpersonal and soft skills;

10.

Risk
management tools and techniques;

11.

How to develop requirement options and compare and assess their benefits
and impacts.


For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications



Occupational
Task Two:

Coordinate the processes of the various stages in the life cycle of
physical assets


Title of the
Module:

Cont
ribute to the economic operation of the physical asset over
the lifecycle

Purpose of the
Module:

The focus of the learning in this module is on providing the learner
an opportunity to: Apply physical asset management life
-
cycle
skills to effectively execu
te the physical asset management plan
for long, medium and short term horizons in order to achieve the
objectives of the strategic plan which is responsive to the
environment and addresses organizational and stakeholder needs.

The underpinning purpose of d
eveloping this set of skills is to
equip the learner with practical skills to operate effectively in an
AM environment and skills to integrate data from various
disciplines.

Level:

6

Credits:

20

Exemptions:

This module can be achieved in full through a
RPL process


Practical Skills

Conditions for Performing the
Practical Skill and Performance
Standard

Assessment Criteria

1.

Analyse the
operational /
service delivery /
production
environment


Given “what if” scenarios and
simulated real life situations on
physical asset management
dilemmas,

The learner will be able to



Research all relevant and
applicable data;



Identify the factors that will
impact on the scenario;



Discuss the constraints;



Model alternative outcomes;



Develop a physical asset
management plan
which
addresses such scenarios



Observe the
research process



Evaluate models



Evaluate the
reasoning and logic
of the discussion of
the constraints



Evaluate the
physical asset
management plan

2.

Analyse
investment and
acquisition
options

Given “what if” scenar
ios and
simulated real life situations on
physical asset management
dilemmas,

The learner will be able to



Utilise appropriate information
for evaluating investment and
acquisition options



Analyse the costs, risks and
benefits of investment and
acquisition
options



Recommend with reasons the
most appropriate option



Evaluate a feasibility study



Evaluate the
analysis and
recommendations

3.

Model expected
physical asset
performance
under various
Given information (case studies and
scenarios) on expected physical
asset performance and operational
conditions;



Evaluate the model



Evaluate the criteria
of the assumptions



Observe th
e process
For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications


Practical Skills

Conditions for Performing the
Practical Skill and Performance
Standard

Assessment Criteria

operational
conditions to
determine
optimal
investment in
physical a
ssets


The learner will be able to



Consider the operational
conditions and constraints;



Analyse maintenance
requirements under various
conditi
ons;



Consider quality aspects of
acquisitions;



Model the different investment
scenarios;



Discuss the advantages and
disadvantages of the suggested
model



Recommend the optimal
investment

to decide on the
final
recommendation



Evaluate the logic
and analytical
thinking

4.

Develop an
applicable
maintenance
strategy for
specific physical
asset groupings

Given service delivery / output /
requirements, profile on capacity of
work force

a
nd an inventory system



Determine functional failure,
failure modes and root causes



Consider various maintenance
tasks (preventive, detective,
corrective, adaptive)



Compile an optimized list of
task plans whilst taking into
consideration the competence
lev
el of the work force



Prepare a forecast of overall
resource requirements;



Activate specific tasks when
due for execution;



Coordinate the allocation of
individual tasks to resources;



Specify requirements for parts,
tools, stock and facilities
availability



Test the understand
the fundamentals of
RCM



Evaluate the
estimation
techniques



Evaluate the
alignment of task
list with the level of
competence of the
workforce

5.

Identify and
assess the
mitigation of
risks associated
with the various
life
-
cycle stages
of
physical
assets


Given specific risk scenarios related
to various life cycle stages of a
variety of physical assets or
physical asset groupings,

The learner will:



Identify and assess risks



Execute safety measures and
mitigating controls



Perform a risk as
sessment at
the hand of provided scenario



Evaluate the risk
assessment



Evaluate a list of
applicable mitigation
measures for
appropriateness

6.

Interpret service
level agreements
and contracts
related to new
and existing
programmes or
Given information on the topic,
entity policies and the audience
viewpoint

The learner will



Research the data related to
the viewpoint of the entity and


Evaluate the
provided feedback
on the negotiation
session



Evaluate what
information or data
For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications


Practical Skills

Conditions for Performing the
Practical Skill and Performance
Standard

Assessment Criteria

products to the
benefit

of the
entity

draft a specification which will
form the basis for negotiation



Observe and evaluate a
negotiation session with
stakeholders or service
providers according to
prescribed by policies and
procedures



Explain the terms and
conditions which takes into
account the life cycle of the
product or the programme



List reasons for certain
conditions in a
greements or
contracts within statutory and
common law principles

has been used to
draft the
specification.



Evaluate the
specifications and
point of departure
for
being in line with
policies of the entity


7.

Draft a

physical
asset
management
life
-
cycle plan for
acquisitions,
operation,
maintenance and
disposal

Given the physical asset
management strategy, physical
asset

management o
bjectives and
plan(s)

The learner w
ill be able to



Apply industry
-
wide norms and
standards such as PAS 55
, ISO
55 000



Identify workload volumes
required to meet physical asset

management strategy, physical
asset

management objectives
and physical asset

management
plans



Specify specification

requirements for physical asset
acquisitions



Identify the maintenance needs
of physical assets



Assess operational utilization of
physical assets and report
thereon



Consult and update
configuration sub
-
system and
documentation where required



Verify reliab
ly existence of
physical assets



Identify the disposal activities
required for various disposal
options



Identify legal and statutory
obligations agreed to on
acquisition or disposal of
physical assets



Evaluate the draft a
physical asset
management life
-
cycl
e report



Evaluate the
schedule of
maintenance actions


Applied Knowledge:

1.

Asset management condition assessment techniques;

For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications


2.

Aligning operational requirements and constraints;

3.

Statistical analysis techniques;

4.

Analytical thinking;

5.

Engineering knowledge;

6.

Ri
sk management tools and techniques;

7.

Identification of appropriate metrics for analysis and interpretation of information to
track the business benefits of AM Strategies

8.

Asset condition assessment and degradation modeling

9.

Cost forecasting, budget preparatio
n and management

10.

Benefit tracking and the selection and use of appropriate methods

11.

The impact of changing economic/stakeholder expectations on the day
-
to
-
day
management of physical assets

12.

The impact of changing economic/stakeholder expectations on the long

term
management of physical assets

13.

Sustainability principles and the application of sustainable development excellence
models

14.

The implications of severe weather and climate change


For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications



Occupational
Task Three:

Interpret, implement and report in conjunction
with a work
team the physical asset performance, improvements and
recommendations

Title of the
Module:

Assess the optimal utilization of physical assets through
measuring physical asset performance

Purpose of the
Module:

The focus of the learning in thi
s module is on providing the
learner an opportunity to:

Assess physical asset performance and apply appropriate
management interventions to address adverse physical asset
performance.


Level:

6

Credits:

8

Exemptions:

No exemptions. This module can be a
chieved in full through
RPL


Practical Skills

Conditions for Performing the
Practical Skill and Performance
Standard

Assessment Criteria

1.

Analyse physical
asset system
trends


Given operational data

The learner will be able to



Analyse over time tendencies

re
key performance indicators;



Identify and highlight trends;



Identify comparable historical
trends and extrapolate future
trends



Compile a research report



Evaluate the
research approach
and report



Evaluate the logic
and analytical
thinking applied
when c
ompiling
statistics



Test mathematical
accuracy and
application

2.

Interact with
suppliers
regarding
performance
that influences
internal
performance

Given the physical asset
management strategy, physical
asset management objectives and
plan(s) and a profile
of the suppliers

The learner will be able to



Identify the products and
services critical to the physical
asset management strategy,
physical asset management
objectives and plan(s)



List and discuss the internal
requirements that apply to
external products

and services



State requirements for products
and services



Complete appropriate forms



Assess the capabilities of
suppliers



Evaluate the
supplier
assessment



Evaluate the list of
critical products
and services

3.

Apply a
monitoring and
evaluation tool

Given a

specification base line of a
physical asset system the learner
will be able to:



Test the appropriateness of the
base line



Update a monitoring and


Test insight in
interpreting the
results compared
to the base line

For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications


Practical Skills

Conditions for Performing the
Practical Skill and Performance
Standard

Assessment Criteria

evaluation tool in line with the
key performance areas



Propose remedial measures
where tool indicates major
d
eviations




4.

Assess
adherence to
statutory
workplace
legislation and
regulatory
requirements

Given statutory workplace legislation
and information on workplace
compliance; the learner wi
ll



Test compliance with such
legislation



Identify root causes for non
-
adherence



Identify and recommend
corrective actions to achieve
adherence



Draft a report on
adjustments/changes to
legislation that could impact
physical asset management
operations



Updat
e compliance in typical
records as required by statutory
prescriptions



Evaluate adherence
to specific statutory
legislation



Evaluate a set of
statutory records
and comment on
compliance

5.

Investigate an
physical asset
management
plan and
determine the
adher
ence to
performance
measurements
required to
support this plan

Given the physical asset
management strategy, objectives
and plans the

learner will



Identify application of industry
-
wide quality standards such as
PAS 55
, ISO 55 000



Determine adherence to
ope
rational requirements for
new acquisitions in terms of the
life cycle stages



Analyse trends in operational
utilization of physical assets and
report thereon



Verify reliably condition of
physical assets according to
approved condition criteria



Evaluate what

information or data
has been used to
draft the
operational
requirements.



Evaluate the
specifications and
point of departure
for being in line
with operational
requirements





Applied Knowledge:


1.

Resource management techniques and tools

2.

Resource schedul
ing tools and techniques

3.

Application of continuous improvement principles and processes

4.

Financial evaluation methods and value
-
for
-
money criteria

5.

The concept of culture as applied to organisations

6.

Continuing professional development processes and technique
s

For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications


7.

Training needs analysis tools and techniques

8.

Service Level Agreements and contractual management including
performance criteria and shared risk/reward mechanisms and tools and
techniques


For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications



Occupational
Task Four:

Participate and inform new physical asse
t creation project teams
on relevant aspects physical asset management knowledge (skills,
techniques, etc.) related to area of operation

Title of the
Module:

Contribute to the creation and design of new or refurbished
physical assets according to a projec
t plan

Purpose of the
Module:

The focus of the learning in this module is on providing the
learner an opportunity to: Practically apply techniques on aligning
the physical asset management strategy with appropriate business
processes and procedures within

a project management
environment.

Level:

6

Credits:

10

Exemptions:

No exemptions. This module can be achieved in full through RPL


Practical Skills

Conditions for Performing the
Practical Skill and
Performance Standard

Assessment Criteria

1.

Align suppo
rting
business proces
ses
and operational
procedures

Given a construction schedule,
the learner will be able to



Develop business processes
for physical asset creation
activities by using the most
appropriate methodology



Compile and apply standard
physical
asset creation
operational procedures



Determine resource
requirements in terms of
creation of the new physical
asset



Provide input into the
development of the physical
asset creation project plan



Interpret the legislative
framework as applicable to
these
processes



Test logical thinking
in assessment of
different solutions



Evaluate business
processes and
procedures for
support of the
construction
schedule

2.

Compile the
applicable
information for
physical asset
creation
agreements

Given a physical asset crea
tion
plan, the learner will be able to



Draft specifications which will
form the basis for negotiation



Contribute in a negotiation
session with stakeholders and
service providers



Contribute to the drafting of
terms and conditions taking
into account the ph
ysical
asset management life cycle



Identify and assess risks
appropriate to various
physical asset creation
contracts






Evaluate the
specifications for
inclusion in
contracts



Test the
Understanding of
the implication of
the various life
cycle stages on

the
engineering
contracts



Evaluate the
differentiation
between the
various engineering
contracts

For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications


Practical Skills

Conditions for Performing the
Practical Skill and
Performance Standard

Assessment Criteria


3.

Apply a process
manual to the
implementation
strategy

Given a strategic plan and
process manual the learner will



Compile a detailed budget for
implementatio
n of the
construction activities



Contribute to the
arrangements for resources to
be contracted or allocated to
specific tasks



Prepare alternative
contingency arrangements in
case of deviations



Prepare recommendations for
adjustments to process
manual



Do a

quality review on all
major aspects of physical
asset creation



Provide an interpretation of
the city planning ordinances
applicable to the specific
project where required



Evaluate practical
application of
theoretical
knowledge



Test budget with
close out
results


Applied Knowledge:

1.

Project planning and management techniques;

2.

Report and business process writing techniques;

3.

Aligning operational requirements and constraints;

4.

Quality standards;

5.

Numerical skills;

6.

Analytical and logical thinking;

7.

Risk managemen
t tools and techniques;

8.

Systems analysis;

9.

Process mapping techniques;

10.

Resource management techniques

11.

Accident Investigation principles, techniques and procedures

12.

Procurement techniques

13.

Application of maintenance regime options

14.

Application of decommissioni
ng processes


For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications



Occupational

Task Five:

Contribute to the statutory reporting on operational, physical and
financial performance of physical assets

Title of the
Module:

Apply statutory requirements pertaining to the financial and
operational reporting on

physical assets

Purpose of the
Module:

The focus of the learning in this module is on providing the learner
an opportunity to: interpret and consolidate physical asset
management data and physical asset performance data into useful
management information

and presented in the correct reporting
format in

order that the organisation is in a position to make
informed physical asset management decisions.

Level:

5

Credits:

8

Exemptions:

No exemptions. This module can be achieved in full through RPL


Practic
al Skills

Conditions for Performing the
Practical Skill and
Performance Standard

Assessment Criteria

1.

Apply applicable
financial and
operational
reporting
framework


Given the reporting framework and
a range of data,

The learner will



Identify and select

applicable
data from a range of data



Populate the model;



Test for exceptions and
accuracy;




Evaluate the report



Test understanding
of the reporting
framework

2.

Review and verify
compliance with
financial, legal,
regulatory, ethical
and social
requirements

Given legislation, Regulations,
Governance requirements and
Code of Conduct with regard to
reporting requirements

The learner will,




Identify relevant legal,
regulatory, ethical and social
requirements and determine
adherence to audit parameters



Assess int
ernal compliance
with relevant legislation and
standards



Identify and suggest corrective
actions for any failures to meet
requirements



Identify fundamental root
causes why requirements had
not been met



Recommend adjustments to
policies and procedures
acco
rding to data results



Compile a report on the
lessons learned from best
practices and incidents



Evaluate the
reasoning behind
the identification of
the relevant
legislative and other
requirements



Evaluate the report
on suggested
corrective actions



Evaluate

the report
on lessons learnt
from best practice

3.

Collate, process,
analyse and
interpret the
Given operational and financial
data and a problem statement

The lear
ner will



Evaluate the report



Test an
understanding of
For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications


Practic
al Skills

Conditions for Performing the
Practical Skill and
Performance Standard

Assessment Criteria

operational and
financial
information and
ratios in order to
appropriately
present the data




Analyse the data using
appropriate techniques and
perform a trends analysis;



Execute year
-
end procedures
where applicable;



Reconcile the physical asset
management data with the
budgeting, accounting and
procurement system, where
applicable, monthl
y, quarterly
and annually



Interpret the results;



Draft a write
-
up of the results
of the analysis;



Report on the ratios


the ratios

4.

Interpret the
reporting
framework and
develop an
objective reports
preparati
on plan


Given appropriate legislation and
entity information

The learner will



List the reporting timeframes



Specify quality criteria for audit
reporting purposes



Schedule the reporting
processes



Test understanding
of implications of
the legislation on
the

entity reporting
timeframes



Evaluate the
reporting schedule



Evaluate the quality
criteria


Applied Knowledge:

1.

Asset reconciliation (general ledger);

2.

Financial reporting standards;

3.

Numerical skills;

4.

Analytical thinking;

5.

Spreadsheet functionality;

6.

Ratio an
alysis;

7.

The integration of physical asset and technical information

8.

Data collection and reporting tools and techniques

9.

Data analysis methods

For Comment: Physical Asset Practitioner: OFO Code 333911:
Practical Skills Module Specifications



Provider Accreditation Requirements: (Applicable to all above modules)


Physical requirements in terms of
access

to:



Tools



Equipment



Processes



Situations




Access to appropriate facilities
(conducive environment): (Large room


Table and chairs, space for group
activities, good light, good ventilation);



Learning material aligned to the
qualification;



Appropriate lear
ning aids such as visual,
case studies, forms, checklists, etc.;



Spreadsheet software;



Computer equipment;




Human Resources
requirements in terms of:



Number of staff



Qualifications of learning
facilitators



Facilitator/learner ratios



Facilitator


B. Degre
e (three year) in
either accounting, engineering, quantity
surveying, financial management
,
economics

or physical
asset

management

with 3 years experience in
analyzing financial and operational data
on a spreadsheet and small group
facilitation;



Facilitato
r/ Learner ratio not to exceed a
ratio of 1:30;



Registered assessor and moderator;




Legal requirements in terms of
compliance with:



Legislation



Industry charters




OHS compliant venue;



Quality Management System which
includes all relevant policies and
proc
edures including learner appeals
procedures;



Code of Conduct;