Financial Management Tools for Asset Performance Optimisation Workshop 2015

Event Details

  • DateThu 03 December 2015
  • Time8:00 AM
  • VenueSydney TBA
  • LocationTBA Sydney NSW 2000
  • TypeWorkshop
  • Ticket$Price per person per person
  • Table$Price for a table per table (seats Normally between 8-12)
  • ContactLiquid Learning
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Liquid Learning is delighted to present this in-depth and interactive learning experience to help you bridge the divide between asset management and finance in your organisation. 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. The main benefit of this integrated approach is to optimise the cost associated with owning, maintaining, operating and upgrading assets while fully delivering those agreed service requirements. Good asset management integrates with corporate strategy development and business planning and ensures that non-asset solutions, life cycle costs and risks are considered through the key phases in asset life cycles. Also, emerging radical business models are helping optimise the costs of owning and operating portfolios of assets. Leading edge management accounting techniques support these processes. The various asset life cycle phases are supported by numerous planning philosophies and business support systems including asset information management systems, asset management plans, activity based costing and management systems as well as integrated performance management frameworks. They all support good asset investment decisions. 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.