Industrial Asset Management brings a modern twist to engineering education. Through this Master's degree, you will acquire expertise in both technical engineering and management that is highly requested in various industrial sectors.
2 years (4 semesters)
English
120
August every year
This programme levels up your engineering education with practical management knowledge about modern industrial assets. You will learn about relevant standards, regulations, best industrial practices and systems (industrial equipment and infrastructure), digitalised and integrated operations, modern industrial maintenance, and enabling technologies of Industry 4.0.
In this study you will gain the asset management mindset where you utilise data and consider risk and consequences, to estimate cost and benefits. This mindset will help you to take optimal decisions about operations and maintenance of facilities like offshore wind farms.
You will mainly learn how to manage modern, digital, advanced, and complex industrial facilities/engineering systems in industrial and public organisations. Furthermore, you will gain skills to manage the life cycle phases of engineering assets such as design, construction, installation, operation, maintenance, and recycling in a sustainable manner.
This MSc programme has a strong international profile with students from all over the world.
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 the Land-based and offshore industries.
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 industries.
Many will also have interesting job opportunities within research, education, or in the public sector devoted to control, regulation, and law enforcement of industrial sectors.
A candidate with a completed master's degree in Industrial Asset Management with a minimum average grade of B for courses and a grade of A or B for Master thesis may qualify for admission to an engineering/technical PhD programme at the University of Stavanger.
Learning outcomes
All study programmes at the UiS have a set of defined learning targets. Read more about the learning outcome for this study programme.
After having completed the master 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 the public and private sectors.
K2: The candidate has thorough and relevant knowledge in industrial and maintenance engineering of smart and technological supported industrial assets (ex. production systems/processes, production facilities, technical systems/machinery/equipment, etc.) that covers the scope of NORSOK Z-008 standard and comply with Industry 4.0 vision.
K3: The candidate has thorough and relevant knowledge in industrial asset management of advanced, complex, and integrated industrial assets that covers the scope of ISO 55000 and IEC 60300 standards.
K4: 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.
K5: The candidate has the ability to analyse practical or academic problems in industrial assets based on history, traditions, and industrial and societal needs.
Skills
S1: The candidate can analyse 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, analyse 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 capture stakeholders’ needs, measure, analyse and visualise performance indicators and asset health measures, model, simulate and predict asset behaviours, and diagnose and prescribe interventions.
S4: The candidate can analyse 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.
S5: 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 analyse 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 analyses 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.
Study plan and courses
Enrolment year: 2024
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Compulsory Courses
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Condition Monitoring and Predictive Maintenance
Year 1, semester 1
Condition Monitoring and Predictive Maintenance (IAM540)
Study points: 10
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Complex industrial systems, Vulnerable conditions, and Integrity
Year 1, semester 1
Complex industrial systems, Vulnerable conditions, and Integrity (IAM570)
Study points: 10
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Probability and Statistics 2
Year 1, semester 1
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Smart Operations and Maintenance
Year 1, semester 2
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Industrial assets, Modern uncertainties, and Performance
Year 1, semester 2
Industrial assets, Modern uncertainties, and Performance (IAM560)
Study points: 10
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Reliability Analysis
Year 1, semester 2
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Agent simulation and digital twins
Year 2, semester 3
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Master's thesis in Industrial Asset Management
Year 2, semester 3
Master's thesis in Industrial Asset Management (IAMMAS)
Study points: 30
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Investment Analysis
Year 2, semester 3
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Project Management
Year 2, semester 3
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Recommended Electives 3rd semester
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Introduction to Data Science
Year 2, semester 3
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Practical Training in Industrial Asset Management
Year 2, semester 3
Practical Training in Industrial Asset Management (IAM680)
Study points: 10
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Green Transition management
Year 2, semester 3
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Foundations of Risk Analysis and Risk Science
Year 2, semester 3
Foundations of Risk Analysis and Risk Science (RIS505)
Study points: 10
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Other Electives 3rd semester
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Supply Chain and Operations Management
Year 2, semester 3
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Energy, Energy Technologies, and Energy System Integration
Year 2, semester 3
Energy, Energy Technologies, and Energy System Integration (PET515)
Study points: 10
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Technical Safety
Year 2, semester 3
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Exchange studies 3rd semester
Academic requirements
Specialization in Asset Engineering and Digitalisation Processes
A bachelor’s degree in any engineering discipline is required. Applicants must have the equivalent of 25 ECTS credits in mathematics, 5 ECTS credits in statistics and 7,5 ECTS credits in Physics.
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.
Specialization in Sustainable Assets and Smart Operations
A bachelor's degree in a relevant field such as general engineering, projects and contracts, economics and business management, operations management, supply chain and logistics, construction and construction management, industrial production, industrial services, industrial technologies, and general management, as well as other social sciences and business-related disciplines. Applicants with other educational backgrounds will also be evaluated by the admissions committee.
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. Applicants with a result Second-class lower Division or lower are not qualified for admission.
Application and admission
Contact
For inquiries regarding admission to international Master's programmes, send an email to: admissions@uis.no
Student life at UiS
Your Student association:
Cluster of Industrial Asset Management:
More information about Industrial Asset Management
Frequently asked questions
Why should I choose UiS?
This study, industrial technology and operations management, is quite unique. There are not many engineering disciplines that focus on technology, operational and management aspects of complex technical systems.
What are the job prospects after completing a master's degree?
If you look at the labor market now, the industrial norm becomes more complicated and more technologically advanced. Students must acquire skill sets and qualifications beyond the traditional engineering subject. This study program is designed to provide the qualifications required of future engineers. Everyone who takes this course is competitive in the job market.
What qualities do students need to succeed?
We need engineers who can think outside the box. If you choose this master's degree, it is an advantage that you are independent, creative and want to be part of the industrial development.
Student exchange
By going on exchange to one of our partner institutions abroad as part of your studies, you will have an opportunity to get a unique education. In addition to improving your career opportunities, you grow as a person and gain the ability to greater reflect on the topics you study as part of your degree. All about exchange
Schedule for the exchange
Students can go on a study abroad experience during the 3rd semester of the master programme in Industrial Asset Management.
This semester consists of 10 ECTS credits of electives, and the student must be able to find a corresponding course at the host university of they choose to go on an exchange. The courses you want to take abroad must be approved by the department. It is important that the subjects/courses from abroad do not overlap with subjects you have already taken. Some advice is to think about your field of interest.
You must choose at least one non-science/technological course equivalent to 5-10 ECTS (e.g. economics, languages, ethics, project management, green transition or similar).
More opportunities
In addition to the recommended universities listed below, UiS has several agreements with universities outside Europe that are applicable to all students at UiS, provided that they find a relevant subject offering. Within the Nordic and Baltic region, all students can use the Nordlys and Nordtek networks.
Contact your Study Adviser at the Faculty if you have questions about guidance and pre-approval of courses:
General questions about the exchange: Go to the exchange guide in the Digital student service desk
See where you can travel
Queensland University of Technology
Australia
Lappeenranta University of Technology
Finland
Tampere University
Finland
Ecole centrale de Nantes
Frankrike
Politecnico di Milano University
Italia
Delft University of Technology
Nederland
Polytechnic University of Catalonia
Spania
Luleå tekniska universitet
Sverige
RWTH Aachen University
Tyskland
SRH University Berlin
Tyskland
Contact us
Faculty Administration TN
Kontor for utdanningsadministrative tjenester
Department of Mechanical and Structural Engineering and Materials Science