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Industrial Asset Management - Master's Degree Programme


Study programme description for study year 2022-2023

Facts
Credits (ECTS)

120

Studyprogram code

M-OFFINN

Level

Master's degree (2 years)

Leads to degree

Master of Science

Full-/Part-time

Full-time

Duration

4 Semesters

Undergraduate

No

Language of instruction

English

With a master's degree in Industrial Asset Management students will have acquired expertise that is much in demand in various industrial sectors today. Industrial Asset Management is a multidisciplinary programme combining engineering disciplines with important operational management components to provide the new generation of engineers with core competencies for challenging and competitive careers. It has a modern twist to engineering education.  

Graduated students will obtain competitive competence on a master’s degree level in technology, and will develop knowledge related to engineering, operations, and management of advanced and complex industrial facilities/systems in private and public organizations. They will be able to apply the knowledge obtained in challenging industrial environments in all life cycle phases of complex engineering systems, (i.e. design, construction, installation, operations, maintenance, modification and removal).  

In general, graduate students will be qualified to participate in a range of engineering and operational tasks, both in private and public sectors. As the study programme consists of general principles and methods, they will be able to resolve challenges on advanced engineering and operational levels even outside his/her specialisation area in cooperation with experts from various other fields. Hence, the graduates will be qualified for many attractive job positions in modern land-based and offshore industrial sectors. 

 

Programme content, structure and composition 

With a total of 120 ECTS, this Master's programme consists of 20 ECTS Basic Methods (B) which consolidates and continues the mathematical and scientific foundation of the bachelor programme. Core subjects (C) constitute of 40 ECTS, which provide students broad and common learning platform in Industrial Asset Management, as well as expands subjects from the bachelor education. The remaining 60 ECTS consists of an additional 3rd semester subject, 20 ECTS elective subjects (E), and a final master's thesis of 30 ECTS (M). 

The Faculty will offer a list of recommended electives. The students themselves must check that they have the basic knowledge and fulfil any pre-requisites to be able to take these courses. Other electives of personal choice must be approved by the department, but students will have considerable freedom to choose appropriate elective courses, depending on personal interests and career opportunities. 

The Master's thesis can be done either at the Faculty or in cooperation with the industry. Many students base their master's theses on practical projects in different organizations. To be awarded a suitable and relevant topic for a master's thesis, a satisfactory progression must be shown as mentioned in the master thesis regulations. Project proposals for the master's thesis should be formally pre-approved by an academic staff member in the Industrial Asset Management group at the Department. 

UiS aims to offer all its programmes as planned, but the courses must still be subjected to availability of resources and a more than minimum number of student admissions. The content and extent of the program and individual courses can also be changed over time due to changes in the subject environment, use of new technology, new practices and theories and general social changes. 

The course work consists of lectures, project assignments, group work, obligatory and voluntary exercises and laboratory work. The invidual course descriptions provide further information about:  

  • Lectures and instructions on academic activities  
  • Curricular, compendiums and projects 
  • Evaluation criteria  
  • Exams  
Learning outcomes

After having completed the master’s programme in Industrial asset management, the student shall have acquired the following learning outcomes, in terms of knowledge, skills and general competences:

Knowledge

K1: The candidate has advanced and interdisciplinary knowledge in industrial assets and systems both in public and private sectors. 

K2: The candidate has thorough and relevant knowledge in engineering and management of advanced, complex and integrated industrial assets (ex. production systems / processes, production facilities, technical systems / machinery / equipment, etc.) in all life cycle phases (i.e. concept development and Design, construction and assembly, installation and commissioning, operation and maintenance, modification and upgrading, removal and recycling). 

K3: The candidate has knowledge of engineering, operations, and management of industrial assets that can be used for analysis, development, and innovation in new areas of practical and / or theoretical importance. 

K3: The candidate has the ability to analyze practical or academic problems in industrial assets based on history, traditions, and industrial and social needs. 

Skills

S1: The candidate can analyze existing theories, methods and interpretations in industrial assets (ex. Production systems / processes, production facilities, technical systems / machines / equipment, etc.) and work independently with practical and theoretical problem solving. The candidate can independently identify, map, analyze and solve challenging industrial processes / problems using existing theories, methods and interpretations in the field. 

S2: The candidate can use relevant methods and knowledge for research and professional development in an independent manner. 

S3: The candidate can analyze and relate critically to various sources of information and use them to structure and formulate practical and / or academic arguments related to engineering, operations, and management of industrial assets. 

S4: The candidate may conduct an independent, limited research or development project under supervision and in accordance with current research ethical standards related to engineering, operational, and managerial activities. 

General Competence

G1: The candidate can analyze relevant academic and research ethical challenges and be eligible to participate in the development and implementation of new technologies, methods and principles, as well as engineering, operations, or management solutions for industrial assets in the industry. 

G2: The candidate can apply knowledge and skills in new areas to carry out advanced tasks and projects related to industrial assets. 

G3: The candidate can communicate comprehensive work professionally and independently, and master terminology, language and expression in industrial assets. 

G4: The candidate can communicate professional issues, as well as analyzes and conclusions in the field, both with specialists and the general public. 

G5: The candidate can contribute to new thinking and innovation processes in technology and management of advanced, complex and integrated industrial assets in all life cycle phases. 

Syllabus

Career prospects

The programme qualifies the graduates for a broad range of positions in private industry and public organizations. Since the core of the master programme consists of commonly usable principles and methods, graduate students can qualify for many attractive job positions in both Land-based and offshore industry.  

In general, the graduates will be well qualified for positions within various sectors inclusive of facility/plant owners or operators, service and technology providers, engineering contractors, consultants, authorities, as well as public institutions who are involved in designing, building, operating, removing, and/or recycling of advanced and complex engineering facilities and systems. This can include for instance, energy production and distribution, manufacturing, infrastructure, offshore systems and platforms, processing facilities, and a wide variety of other engineering and service industry. 

Many will also have interesting job opportunities within research, education, or in public sector devoted to control, regulation and law enforcement of industrial sectors.  

Moreover, a completed master's degree with a minimum average grade B for Subjects and grade A or B for Master thesis may qualify for admission to an engineering/technical PhD programme at the University of Stavanger.  

Course assessment

Schemes for quality assurance and evaluation of studies are stipulated in Quality system for education

Study plan and courses
  • Compulsory Courses

    • IAMMAS: Master thesis Industrial Asset Management

      Year 2, semester 3

      Master thesis Industrial Asset Management (IAMMAS)

      Study points: 30

    • OFF640: Modelling and Simulation of Operations and Maintenance

      Year 2, semester 3

      Modelling and Simulation of Operations and Maintenance (OFF640)

      Study points: 10

  • Recommended Electives 3rd semester

    • IND510: Project Management

      Year 2, semester 3

      Project Management (IND510)

      Study points: 5

    • PET515: Energy, energy technologies, and energy system integration

      Year 2, semester 3

      Energy, energy technologies, and energy system integration (PET515)

      Study points: 10

    • RIS505: Foundations of risk analysis and risk science

      Year 2, semester 3

      Foundations of risk analysis and risk science (RIS505)

      Study points: 10

  • Other Elective 3rd semester

    • BYG570: Life Extension of Structures

      Year 2, semester 3

      Life Extension of Structures (BYG570)

      Study points: 5

  • Exchange studies 3rd semester

  • Compulsory Courses

    • OFF570: Human-Technology-Organization in Complex industrial systems

      Year 1, semester 1

      Human-Technology-Organization in Complex industrial systems (OFF570)

      Study points: 10

    • PET685: Economics and Decision Analysis for Engineers

      Year 1, semester 1

      Economics and Decision Analysis for Engineers (PET685)

      Study points: 10

    • STA500: Probability and Statistics 2

      Year 1, semester 1

      Probability and Statistics 2 (STA500)

      Study points: 10

    • OFF510: Operations and Maintenance Management

      Year 1, semester 2

      Operations and Maintenance Management (OFF510)

      Study points: 5

    • OFF540: Condition Monitoring and Predictive Maintenance

      Year 1, semester 2

      Condition Monitoring and Predictive Maintenance (OFF540)

      Study points: 5

    • OFF560: Industrial assets, Processes, and Performance

      Year 1, semester 2

      Industrial assets, Processes, and Performance (OFF560)

      Study points: 10

    • RIS510: Reliability analysis

      Year 1, semester 2

      Reliability analysis (RIS510)

      Study points: 10

    • IAMMAS: Master thesis Industrial Asset Management

      Year 2, semester 3

      Master thesis Industrial Asset Management (IAMMAS)

      Study points: 30

    • OFF640: Modelling and Simulation of Operations and Maintenance

      Year 2, semester 3

      Modelling and Simulation of Operations and Maintenance (OFF640)

      Study points: 10

  • Recommended Electives 3rd semester

    • IND510: Project Management

      Year 2, semester 3

      Project Management (IND510)

      Study points: 5

    • PET515: Energy, energy technologies, and energy system integration

      Year 2, semester 3

      Energy, energy technologies, and energy system integration (PET515)

      Study points: 10

    • RIS505: Foundations of risk analysis and risk science

      Year 2, semester 3

      Foundations of risk analysis and risk science (RIS505)

      Study points: 10

  • Other Elective 3rd semester

    • BYG570: Life Extension of Structures

      Year 2, semester 3

      Life Extension of Structures (BYG570)

      Study points: 5

  • Exchange studies 3rd semester

Student exchange

Schedule for the exchange

Students can go on a study abroad experience during the 3rd semester of the master's program in industrial asset management.

The 3rd semester consists of 30 ECTS credits of flexible courses and electives. During the exchange semester you can choose subjects relevant to the master program, and also depending on personal interests and career opportunities. The courses you want to take abroad must be approved by the department. It is important that the subjects/ courses from abroad not overlap with subjects you have already taken. An advice is to think about your professional career and your fields of specific interest.

More opportunities

In addition to the recommended universities listed below, UiS has a number of agreements with universities outside Europe that are applicable to all students at UiS, provided that they find a relevant subject offering. Within the Nordic region, all students can use the Nordlys and Nordtek networks.

Find out more

Contact your student adviser at the Faculty if you have questions about guidance and pre-approval of topics.

Cecilie Larsen

General questions about exchange:

Go to the exchange guide in the Digital student service desk

Student exchange
  • All countries

    Aachen University of Technology

    Er du på utkikk etter en spennende mulighet i Tyskland er RWTH Aachen University det naturlige valget! Universitetet streber etter å bli det beste tekniske universitetet i Tyskland og er på god vei til målet. Bli med på en del av reisen – bli utvekslingsstudent i Aachen!

    California State University-Los Angeles

    California State University, Los Angeles (Cal State LA) er en del av det anerkjente California State University, som er USAs fjerde største universitet.

    Chalmers tekniska högskola

    Tenker du på utveksling til Sverige har Chalmers tekniska högskola i Gøteborg mye å tilby. Chalmers er et teknisk universitet i Göteborg med rundt 10.000 studenter og fokus på forskning og utdanning innen teknologi, naturvitenskap og arkitektur.

    Delft University of Technology

    Delft University of Technology, også kjent som TU Delft, er regnet for å være blant verdens mest prestisjetunge universitet innen ingeniørfag og teknologi. Dette er en unik mulighet for deg som studerer ingeniørfag!

    Lappeenranta University of Technology

    Lappeenranta University of Technology (LUT) er et ungt og innovativt universitet i Finland, som er kjent for å koble forskning og utdanning innen teknologi og business og ha et strategisk fokus på bærekraftig teknologi og energi. Universitetet ligger i sør-øst Finland og har betydelig akademisk kontakt til Russland.

    Luleå tekniska universitet

    Politecnico di Milano University

    Politecnico di Milano er Italias største tekniske universitet med om lag 40.000 studenter og er høyt rangert på en rekke internasjonale rankinglister.

    Queensland University of Technology

    Queensland University of Technology (QUT) er et av Australias største universitet med 40.000 studenter og en stor andel internasjonale studenter. Reis "down under" og bli en del av dette studentmiljøet du også!

    SRH University Berlin

    Er du interessert i å oppleve storbyen Berlin samtidig som du ønsker å studere ved et lite, tysk universitet som har fokus på den enkelte student, så er SRH Hochschule Berlin et godt valg for deg.

    Tampere University

    Tampere University of Technology (TUT) er Finlands nest største tekniske universitet. Universitetet er internasjonalt høyt rangert og er kjent for å kombinere forskning innen naturvitenskap og teknikk med industri og næringsliv. Campus ligger midt i de tusen sjøers land og bare 2 timer fra Helsinki.

  • Australia

    Queensland University of Technology

    Queensland University of Technology (QUT) er et av Australias største universitet med 40.000 studenter og en stor andel internasjonale studenter. Reis "down under" og bli en del av dette studentmiljøet du også!

  • Finland

    Lappeenranta University of Technology

    Lappeenranta University of Technology (LUT) er et ungt og innovativt universitet i Finland, som er kjent for å koble forskning og utdanning innen teknologi og business og ha et strategisk fokus på bærekraftig teknologi og energi. Universitetet ligger i sør-øst Finland og har betydelig akademisk kontakt til Russland.

    Tampere University

    Tampere University of Technology (TUT) er Finlands nest største tekniske universitet. Universitetet er internasjonalt høyt rangert og er kjent for å kombinere forskning innen naturvitenskap og teknikk med industri og næringsliv. Campus ligger midt i de tusen sjøers land og bare 2 timer fra Helsinki.

  • Germany

    Aachen University of Technology

    Er du på utkikk etter en spennende mulighet i Tyskland er RWTH Aachen University det naturlige valget! Universitetet streber etter å bli det beste tekniske universitetet i Tyskland og er på god vei til målet. Bli med på en del av reisen – bli utvekslingsstudent i Aachen!

    SRH University Berlin

    Er du interessert i å oppleve storbyen Berlin samtidig som du ønsker å studere ved et lite, tysk universitet som har fokus på den enkelte student, så er SRH Hochschule Berlin et godt valg for deg.

  • Italy

    Politecnico di Milano University

    Politecnico di Milano er Italias største tekniske universitet med om lag 40.000 studenter og er høyt rangert på en rekke internasjonale rankinglister.

  • Netherlands

    Delft University of Technology

    Delft University of Technology, også kjent som TU Delft, er regnet for å være blant verdens mest prestisjetunge universitet innen ingeniørfag og teknologi. Dette er en unik mulighet for deg som studerer ingeniørfag!

  • Sweden

    Chalmers tekniska högskola

    Tenker du på utveksling til Sverige har Chalmers tekniska högskola i Gøteborg mye å tilby. Chalmers er et teknisk universitet i Göteborg med rundt 10.000 studenter og fokus på forskning og utdanning innen teknologi, naturvitenskap og arkitektur.

    Luleå tekniska universitet

  • United States

    California State University-Los Angeles

    California State University, Los Angeles (Cal State LA) er en del av det anerkjente California State University, som er USAs fjerde største universitet.

Admission requirements

A bachelor´s degree in any engineering discipline is required. Applicants must have at least 30 ECTS credits in mathematics/statistics/calculus.

It may be an advantage if the applicant has taken subjects related to engineering, technical and operational aspects of engineering facilities/systems and processes in the bachelor's degree and/or has relevant technical and operational industrial experience related to engineering systems and processes.

Admission to this master's programme requires a minimum grade average comparable to a Norwegian C (according to ECTS Standards) in your bachelor's degree.

Contact information

Study program coordinator: Iselin T. Tjensvold

Study program leader: Idriss El-Thalji