Dear Sir/ Madam
Asset Management is a responsibility of all managers within an organisation. Good asset management is critical in any business environment and more so in the public sector, particularly as some of the significant assets are infrastructure assets with long life spans and enormous capital outlay that are vital to providing a foundation for economic activity. According to Section 45 of the PFMA, an official in a department, trading entity or constitutional institution must ensure that the system of financial management and internal control is properly carried out. However, in order to meet these objectives and render the best possible service to all stakeholders, delegates need to gain clarity on areas of responsibility for the effective use of public money and assets.
“Improving the asset management function is difficult - it is not like some things, which you do for three months and that's the project done, and you move on to the next one.
Asset Management is a commitment over a number of years and Improvements should not be seen as a “nice thing to do”. They should be based on sound commercial reasons” Phil Upshell
- Discussing your Asset Strategy
- Highlighting Key Considerations in Asset Control
- Understanding the Asset Control Chain of Accountability
- Applying Integrated Planning and Budgeting
- Determining Key Elements of Financial Control and Accountability
- Assessing Key Elements of Financial Control and Accountability
- Discussing An Integrated Model of Financial Control