MREGC5005 Quantitative Techniques for Asset Management
This unit covers quantitative techniques and tools applied to asset management and risk based asset management decisions. This unit includes core topics of engineering systems, system diagrams, quantitative risk analysis techniques and reliability analysis methods (system and reliability block diagrams and hazard rate analysis for systems and components and active, parallel / standby redundancy). It also covers reliability statistics (Weibull analysis, reliability growth analysis, repairable and non-repairable systems) and maintenance optimisation models (replacement, inspections, maintenance resources requirement).
Commonwealth Supported Place (CSP) unit fee
A Commonwealth Supported Place (CSP) is one that is subsidised by the Australian Government, which means students only pay the student contribution amount of the tuition fee. CSPs are only available to eligible domestic students.
The student contribution amount depends on the unit and how much funding the Government provides. Each unit is classified into a band based on its discipline (which may be different to your overall course discipline).
2025 student contribution amount: $1,164
2025 grandfathered student contribution amount (for students who commenced before 1 Jan 2021*): $1,164
* If you are a continuing student (who commenced your course before 1 January 2021) you will continue paying the same amount as you would have, had legislative reforms not been implemented for any units that would otherwise have an increased student contribution amount.