Industrial assets, Modern uncertainties, and Performance (IAM560)

The main focus of this course is on the timely important technical topic of Industrial assets and engineering infrastructures, modern uncertainties that they are exposed to, as well as decision making and performance under modern complex industrial conditions. The course has a more practical approach with various real world examples from many industrial sectors where assets and systems are continuously exposed to new industrial demands, modern performance challenges, and new uncertainties due to modern industrial forces, for instance industrial transformations, digitalization processes, environment, and sustainability concerns, etc.

Course description for study year 2024-2025. Please note that changes may occur.


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The main content is based on the changing characteristics of modern industrial assets and engineering infrastructures from a real world perspective. It covers new uncertainties, challenging performance demands in modern industrial environments, and how complex processes influence different types of scenarios, decision settings, methods and indicators, etc., to manage; technical, operational, and overall performance demands of complex industrial assets, engineering infrastructures, and systems in modern times.

Various practical industrial examples are used to emphasise on the real world industrial importance, mutual dependencies, as well as dilemmas between assets and performance in modern complex industrial contexts.

Learning outcome


  • has knowledge on theories and methods within industrial assets and engineering infrastuctures, uncertainties, decisions, and performance
  • can apply knowledge to Industrial systems, engineering facilities and organizations
  • can analyze professional problems related to technical and operational processes, decision making, and performance


  • can use relevant methods for research and professional development work
  • can analyze and deal critically with various sources of information and use them to structure and formulate scholarly arguments
  • can carry out a limited research or development project under supervision and in accordance with applicable norms for research ethics

General competence

  • can apply his/her knowledge and skills in new areas in order to carry out professional assignments and projects
  • can communicate about academic issues, analyses and conclusions in the field, both with specialists and the general public
  • can contribute to new thinking and innovation processes

Required prerequisite knowledge



Form of assessment Weight Duration Marks Aid
Report 1/1 3 Weeks Letter grades

The assignment is individual. There is no continuation possibility on the assignment. Students who do not pass the assignment can take this part again the next time the subject has regular teaching.

Coursework requirements

Presentation in groups

Obligatory presentations based on Groupwork. If the group presentation is not approved, then the student will have the opportunity to deliver an individual report and to have an own oral assessment.

Obligatory requirements must be approved by responsible lecturer within the given deadline.

Course teacher(s)

Head of Department:

Mona Wetrhus Minde

Course coordinator:

Jayantha Prasanna Liyanage

Method of work

Lectures and discussions. Interactive groupwork. Presentations. Reports and Oral assessment when necessary.

Overlapping courses

Course Reduction (SP)
Decision Engineering and Performance Management (MOM440_1) 10
Industrial assets, Processes, and Performance under modern contexts (OFF560_1) 10

Open for

Admission to Single Courses at the Faculty of Science and Technology
Environmental Engineering - Master of Science Degree Programme Structural and Mechanical Engineering - Master of Science Degree Programme Industrial Asset Management - Master of Science Degree Programme Petroleum Engineering - Master of Science Degree Programme
Exchange programme at Faculty of Science and Technology

Course assessment

There must be an early dialogue between the course supervisor, the student union representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital subject evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.


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