Financial Management Tools for Asset Performance Optimisation Workshop 2014

Event Details

  • DateMon 25 August 2014
  • Time8:30 AM
  • VenueTBC
  • LocationTBC Sydney NSW 2000
  • TypeWorkshop
  • Ticket$Price per person per person
  • Table$Price for a table per table (seats Normally between 8-12)
  • ContactLiquid Learning Group
    02 8239 9700
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Improve asset management by understanding and appreciating the financial objectives and constraints • Bridge the divide between finance and asset management disciplines • Embed financial acumen and commercial awareness within asset management teams • Understand and apply relevant budgeting and cost management processes related to asset management • Understand the linkage between asset management, business plans and financial plans • Identify efficiency improvements and reduce asset O&M costs • Evaluate capital investment decisions in the context of asset economics • Build a robust pricing mechanism for asset outputs • Formulate business models for cost effective service delivery • Develop performance management frameworks for asset optimisation • Strategically manage assets within acceptable financial risk thresholds. Effective asset management strategies require that both physical and non-physical assets are holistically managed and operated. The objective is to provide an efficient and effective active service so as to meet the assets service delivery requirements at the lowest long run cost. Now more than ever, the cost of asset ownership is playing a pivotal role in organisational performance management. As a result, private and public sector organisations are being encouraged to increase accountability and minimise risk through more comprehensive and innovative asset management strategies. Applying advanced financial management tools to effectively manage the life cycle cost of owning, managing, operating and maintaining assets is now a requirement in many organisations. Peak performing asset managers require strong financial acumen that integrates the traditional principles of asset management principles with robust financial management tools and techniques. Effective management of life-cycle asset costs is the joint responsibility of the finance professional and the asset manager of the organisation. This interactive course will take participants through the entire asset and business planning framework and also provide an understanding of performance management frameworks and how these are required to support asset management optimisation.