This course deals with strategic asset management planning, focusing on decisions and strategies regarding the size and composition of the whole asset portfolio. The first step is to analyse the future demand for the organisation’s products and services. Then, this demand forecast and organisational objectives for profitability and risk reduction are translated into a long-term plan for the asset portfolio (new asset acquisitions, end-of-life asset replacements and mid-life asset upgrades). The course provides guidelines for this process, eg how to consider the performance, condition, age and life cycle plans for each asset class. The outcome is a phased capital budget, called a long-term asset plan (LTAP).
Duration: 2 hours
Duration (Notional Hours): 110
Catalogue category: Other
Course Mode of Delivery: Blended learning
Accreditation status: No
How must the course hours be allocated?: Course
Course Cost (R): 52000
Long Term Enrolment: Yes
CPD Points: 0