Description
Introduction
This one-week course on Redundant asset management strategy and valuation techniques and control training is divided into ten (10) modules that align with useful practice asset management strategic framework. The course is delivered by a highly experienced asset management trainer who will guide the methods used to maximise redundant corporate assets’ performance in a complex and real-life scenario.
Course Content
- Introduction -Valuation Lookups
- Strategies and Rules of the Redundant asset valuation
- Redundant asset valuation techniques and control
- Depreciated Replacement Cost (DRC) Valuations
- Depreciation and Componentisation
- Valuation Utilities
- Accounting for Asset Disposal
- Tendering and Competitive Bidding Process
- Valuation Log and Valuation Reports
Learning Outcomes
Upon completion of this training participants will be able to:
- Understand the pivotal role and purpose of the asset management strategies and planning in your organisation.
- Implement a periodic asset valuation plan in the present and future terms
- Be able to apply different valuation techniques and control processes of redundant asset management
- Understand the financial implications of inaccurate valuation of a redundant asset
- Consider the complete redundant asset lifecycle from concept to disposal
- Develop redundant asset management depreciation, componentisation, control, Policy and Plan
- Be able to prepare asset valuation report and outputs
- Relate activities that represent the four Asset Management principles
