• Module 1 – Introduction to Fixed Assets & Capital Equipment
  
• Module 2 – Classification, Coding & Tracking Systems
  
• Module 3 –Fixed Assets Registry
  
• Module 4 – Asset Acquisition & Cost Elements
  
• Module 5 – Understanding the development of standards in Asset Management

Good asset management maximizes value-for-money for stakeholders, whether public or private sector. It involves planning, coordination, asset selection, acquisition/development, utilization, maintenance management and finally the disposal or decommissioning of assets.

This course on-line course is designed to provide a comprehensive understanding of how fixed assets and capital equipment are managed better by having a structured approach.

While, fixed assets may come under the purview of the finance department for reasons of control and financial responsibilities, there are other departments equally responsible to ensure the assets are maintained and managed well.

Maintenance, engineering or IT departments have a major role in ensuring the optimal performance of critical equipment. Appropriate maintenance programs have to be in place to provide consistent and reliable outcomes of working equipment and assets.

Custodians of the assets need to understand basic knowledge of managing these assets. Asset risks and criticality have to be analyzed so that appropriate strategies could be devised to overcome unexpected outcomes and meet agreed upon service levels.

Understanding the Asset Life Cycle or Asset Whole Life Management model helps organization to better prepare for contingencies, risks exposure, financial and overall management commitment.

Further, the introduction of ISO 55000 underlies the importance of asset management to organizations.

1. Physical management of assets, whether the assets are localized or spatial assets, through efficient coding and tagging systems
   
2. Maintaining fixed assets registry – ensuring all assets are accounted for and managed through an efficient system of recording right from acquisition to disposal
   
3. Asset Life Cycle Model/Asset Whole Life Model that helps to formulate appropriate maintenance strategies and expose the organization to asset risk analysis
   
4. Financial perspective of asset management – looks at the cost of acquisition, time value of money and other commonly overlooked costs in managing assets throughout its productive life
   
5. Situation audit and periodic inventory auditing to ensure physical controls exist and custodians take responsibility of the assets under their charge
   
6. ISO 55000, 55001 & 55002 – what it means to industry and professional management of assets.