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FINANCIAL MANAGEMENT TOOLS FOR ASSET PERFORMANCE OPTIMISATION WORKSHOP

17th - 18th, August 2020
Virtual / Streaming

Financial Management Tools and Techniques to Strategically Manage Life-cycle Costs and Optimise Asset Management Outcomes

Overview

- Improve asset management by understanding and appreciating 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
- Explore the linkage between asset management, business plans and financial plans
- Identify efficiency improvements and reduce asset O&M costs
- Evaluate capital investment decision 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

Agenda

Workshop Day One
Workshop Day Two
Financial Management Tools for Asset Performance Optimisation Workshop

17 Aug - 18 Aug

Workshop

The Finance and Asset Management Relationship: Balancing Financial and Asset Outcomes

- Understand the relationship between asset management and financial objectives

- Explore the concept of asset economics

- Develop strategies for relating service strategies to asset capabilities

- Factoring risk into asset/finance strategies

- Achieving the optimal balance and minimum life-cycle cost

 

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

- Using big data IOT’s and analytics to model outcomes

 

Identifying and Understanding the Underlying Cost Base

- Analysing financial data to identify types of costs

- Capturing operational data that will assist with understanding costs

- Establishing a direct operating expenditure (DOE) baseline

- Evaluating the financial performance of the assets

- The use of technology platforms

 

Applying Activity Based Costing (ABC) and Activity Based Management (ABM) Principles to Asset Management

- ABC / ABM and output budgeting

- Rolling forecast – 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 agile asset management decision making

  • Aubrey Joachim Business & Management Accounting Practitioner Leading Edge Change

Workshop

Enabling Improved Capital Investment Decisions

- Establishing a robust framework for investment planning management

- 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


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 strategies

- New business models for efficient and cost effective asset operations


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 asset management plans

- Keeping asset management plans current


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 and digital dashboards

  • Aubrey Joachim Business & Management Accounting Practitioner Leading Edge Change

Speakers

Aubrey Joachim

Aubrey Joachim FCMA; MBA; GAICD is a business and management accounting practitioner with over 30 years of hands-on experience in a number of business and industry sectors across a number

of countries. He is a Fellow of the Chartered Institute of Management Accountants (UK ), a member of the

Association of International Certified Practicing Accountants (USA) and an MBA from the SydneyGraduate School of Management.


Aubreys work experience includes the Anglo-Dutch foods and detergents conglomerate Unilever, the US global Energy Construction giant McDermott Intl. Inc. and Sydney Water Corporation - the

largest water and waste water utility in Australia. In all these large asset based organisations he has significant exposure in the areas of strategic asset management, asset costing, asset investment, asset performance management and risk management.


Aubrey has run strategic asset management workshops across Australia, New Zealand and other parts of the world to finance and asset management audiences across a number of industry sectors in the private, public and local government sectors.

Business & Management Accounting Practitioner
Leading Edge Change

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Venue

Online Delivery

Virtual / Streaming

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