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Financial Management Tools for Asset Performance Optimisation Workshop

Cliftons Adelaide

Hide Section - About the Event
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.
Hide Section - Explore Points
• 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
Hide Section - Who will attend
Public and private sector:

• Asset Managers / Directors
• Operations Managers
• Business Planning Managers
• Infrastructure Managers / Directors
• CFO’s / Financial Controllers / Managers
• Asset Investment Program Managers
• Project Managers / Directors
• Capital Works / Infrastructure
• Network Asset Management / Services

22 March 2017

06:30 - 14:30


Day One

1. The finance and asset management relationship: Balancing financial and asset oputcomes
• Understand the relationship between asset management and
financial objectives
• How to relate service strategies to asset capabilities
• Factoring risk into asset / finance strategies
• Achieving the optimal balance and minimum life-cycle cost

2. Linking asset management to organisational business planning and finance objectives
• The position and role of asset management in an organisation’s
strategic planning framework
• Establishing the ultimate goals and objectives of the organisation
• Establishing customer requirements and servicing strategies
• Evaluating asset capability to deliver the service outcome and
identifying gaps

3. Identifying and understanding the underlying cost base
• Analysing financial data to identify types of costs
• Capturing operational data that will assist with understanding
• Establishing a direct operating expenditure (DOE) base line
• Evaluating the financial performance of the assets

4. Applying activity based costing (ABC) and activity based management (ABM) principles to asset management
• ABC / ABM and output budgeting
• Rolling forecasts – Enabling a continuous view of the organisation
• Identifying mandatory and discretionary spend
• Prioritisation of discretionary organisational costs
• Using internal benchmarking as a de-facto budget methodology
• The role of technology in financial analysis and asset management
decision making
Aubrey Joachim - Director
Leading Edge Change

23 March 2017

06:30 - 14:30


Day Two

5. Enabling improved capital investment decisions
• Establishing a robust framework for investment planning
• Evaluating options based on sound financial bases
• Applying traditional financial evaluation techniques
• Management accounting tools and techniques supporting
asset investment decision making
• Management gateways to ensure robust decision making

6. Asset management optimisation strategies
• Reviewing the asset management concept
• Developing a strategic framework for asset management
• Reviewing the asset planning process
• Identifying and evaluating life-cycle management options
• Identifying and costing the risks in asset management
• New business models for efficient and cost effective asset

7. Developing ‘finance informed’ asset management plans
• Reviewing the purpose of the asset management plan
• Contents of an asset management plan
• Data sources and financial information that can contribute to
the asset management plan
• Uses of the asset management plans
• Ensuring meaningful financial input to asse8. Developing an organisational performancet management plans
• Keeping asset management plans current

8. Developing an organisational performance
Management Framework
• What are the relevant performance indicators?
• Introducing non-financial measures to complement traditional
budget and cost controls
• Mining data for effective asset management
• Developing reporting formats that make sense to the business
• The ultimate performance management framework
• Developing an asset scorecard
Aubrey Joachim - Director
Leading Edge Change
Aubrey Joachim
Leading Edge Change
Cliftons Adelaide
Phone: 08 8233 0999
Level 1, 80 King William Street
Adelaide, SA
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