asset management

By: Peakford management consultants   12-03-2010
Keywords: Asset Management

Fixed Asset Management Programme

Purpose
To provide participants with the knowledge of acquiring, using, safeguarding and disposing of assets to make the most of their service delivery potential and manage the related risks and costs over their entire life.

Target Group
The course is aimed at asset mangers, SCM staff, unit or departmental heads, other management levels who are responsible for asset management in their functional responsibilities.

Duration- Two days

Peakford Management Consultants- The Training Company has a proven record in facilitating this programme utilizing expert, experienced and qualified facilitators

Overall course objectives and outcomes:
•Develop a clear understanding f the legal and regulatory framework of SCM and Asset management in municipalities

 Understand the role of funding and budgeting in asset management
• Distinguish the different methods available for acquiring assets
• Understand and compile an operations and maintenance plan
• Be aware and have an understanding of the various disposal options,
• Understand the rationale for the need to maintain an accurate asset register
• Account for existing asset, acquisition/additions/transfers
• Disposals/transfers and depreciation of existing assets
• Reconcile the asset register,
• Disclose assets in the annual financial statements,
• Understand the definition of an immovable asset and
• Gain an understanding of the basic controls for assets

Key skills that you will develop include:

1. Know the current state of your immovable asset base by conducting accurate asset condition and performance assessments
2. Develop the future operating vision of your assets by drafting a strategic asset management plan which indicates specific business goals regarding use and care of assets
3. Understand how to assess the gaps between the current and ideal states of your assets
4. How to outline an effective strategy to close the gaps between the current and ideal states of your assets
5. Formulate your asset management strategies into initiatives and grouping the initiatives into action plans with schedules for completion
6. Evaluate the total cost of owning and maintaining an immovable asset through use of life-cycle costing techniques
7. Develop proper health care strategies to maintain the assets in optimal fashion
8. Determine whether continued care of an asset or disposal and replacement is the optimal choice
9. Learn how to investigate demand of assets and their related services

 

Learning Outcomes

Asset Management: The legal framework

By the end of this section participants will be able to fully understand the legal environment that govern asset management in the public entity .i.e. PFMA, Treasury regulations, and directives

Role of Funding and Budgeting
By the end of this section participants should be able to understand the role of funding and budgeting in asset management.

Asset Management life cycle

End the end of this section participants will be able to fully appreciate the life cycle of asset management

Operations and Maintenance Plan
By the end of this section participants should be able to understand and compile an operations and maintenance plan.

Various Disposal Options
By the end of this section participants should be aware and have an understanding of the various disposal options.

Maintain an Asset Register
By the end of this section participants should be able to understand the rationale for the need to maintain an accurate asset register.

Asset, Acquisitions, Additions, Transfers, Depreciation and Disposals
By the end of this section participants should be able to account for existing asset, acquisitions, additions, transfers, disposals and depreciation of existing assets.

Asset Register
By the end of this section participants should be able to reconcile the asset register.

Risk analysis

By the end of the module participants will be able to identify, monitor and develop risk management strategies

Annual Financial Statements
By the end of this section participants should be able to disclose assets in the annual financial statements.

Immovable Assets
By the end of this section participants should be able to understand the definition of immovable assets.

Basic Control for Assets
By the end of this section participants should be able to gain an understanding of the basic control for assets

Keywords: Asset Management

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