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Elements and Performance Criteria

1. Identify designated area of responsibility
2. Designated area of responsibility is identified in accordance with organisational requirements
3. Contribution is made to maintaining asset register on the basis of current and ongoing needs, in accordance with organisational requirements
4. Assets to be recorded in asset register are identified in accordance with organisational requirements
5. Record assets and their condition
6. Specified details of material assets are identified and recorded in accordance with asset management policies and procedures
7. Condition of each asset is determined and corrective maintenance tasks are recorded in accordance with manufacturer specifications, relevant Australian standards and organisational requirements
8. Useful/residual life of each asset is determined as required, in accordance with manufacturer specifications and organisational requirements
9. Maintain asset management system records
10. Records of asset management activities are updated in accordance with organisational requirements
11. Periodic audits are conducted to ensure accuracy of asset register in accordance with organisational requirements
12. Contribution is made to asset management system review to ensure it is supporting business needs, in accordance with organisational requirements
13. Guidance is provided to support effective management and maintenance of asset register, in accordance with organisational requirements

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions can be found in the Companion Volume Implementation Guide.

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Performance Evidence

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include:

applying organisational asset management processes and procedures applying relevant workplace procedures completing relevant documentation determining condition of a range of assets modifying activities depending on operational contingencies, risk situations and environments.

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Knowledge Evidence

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of:

different types of asset management systems used within an organisation different types of rail assets applicable to own area organisational asset management policy, processes and procedures that address all phases of the asset life cycle of rail infrastructure or rolling stock operations organisation record management policies and procedures relevant sections of state/territory regulatory requirements relevant work health and safety (WHS)/occupational health and safety (OHS) and environmental procedures and regulations requirements for completing relevant documentation.

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