Course Overview:
This course provides a comprehensive understanding of asset management, focusing on the principles, strategies, and tools needed to effectively manage assets in both the public and private sectors. It covers the entire asset lifecycle—from acquisition and utilization to maintenance and disposal—while ensuring optimal performance, compliance, and financial accountability. Participants will explore key topics like asset valuation, risk management, and the use of asset management software systems.
Course Duration:
5 Days
Target Audience:
- Asset managers and officers
- Finance and procurement professionals
- Facility managers
- Government officials involved in asset management
- Engineers and maintenance managers
- Auditors and compliance officers in asset-heavy industries
Personal Impact:
- Gain a solid foundation in asset management principles and techniques.
- Improve skills in maintaining and optimizing asset value.
- Develop expertise in asset lifecycle management and financial planning.
- Enhance knowledge of regulatory requirements for asset management.
Organizational Impact:
- Improve asset utilization and minimize operational costs.
- Strengthen the organization's asset performance and efficiency.
- Ensure compliance with asset management regulations and standards.
- Enhance the long-term financial sustainability of asset-heavy operations.
Course Level:
Course Objectives:
By the end of this course, participants will be able to:
- Understand the key principles of asset management and their application.
- Develop strategies for the effective management of physical and intangible assets.
- Utilize asset management systems to track, analyze, and report asset performance.
- Apply risk management techniques to enhance asset reliability and lifecycle performance.
- Conduct asset valuations and financial analysis for informed decision-making.
- Ensure regulatory compliance and optimize the return on investment in assets.
Course Outline:
Day 1: Introduction to Asset Management
- Fundamentals of asset management
- Types of assets: Physical, intangible, and financial
- Asset lifecycle management: From acquisition to disposal
- Case study: Asset management strategies in various sectors
Day 2: Asset Valuation and Financial Analysis
- Valuation methods for different types of assets
- Depreciation, amortization, and asset impairment
- Financial planning and budgeting for asset investments
- Real-life project: Performing asset valuation and financial analysis
Day 3: Asset Risk Management and Compliance
- Identifying and managing risks in asset management
- Regulatory frameworks and compliance requirements
- Internal controls and audit processes for assets
- Case study: Risk management strategies for high-value assets
Day 4: Asset Performance Optimization
- Asset performance metrics and benchmarking
- Maintenance strategies: Preventive vs. predictive maintenance
- Leveraging technology: Asset management software and systems
- Project: Implementing a maintenance strategy for improved asset performance
Day 5: Asset Disposal and Renewal Strategies
- Disposal methods: Sale, transfer, decommissioning, and recycling
- Cost-benefit analysis of asset renewal or replacement
- Sustainable asset management and environmental considerations
- Real-life project: Developing a disposal or renewal plan for aging assets
Related Courses
Course Administration Details:
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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