Managing Assets in the Public Sector

Topics covered

• Establishing efficient asset management practice
• Service levels, risk and asset management
• Elements of a successful asset management plan
• Asset management in practice
• Procurement fundamentals
  • Role of procurement in improving the asset performance
• Market and stakeholder engagement
• Contract management
• Aligning asset management and procurement plans with strategic objectives

Who should attend?

The course is designed to assist those whose roles interface with or are accountable for various aspects of asset management such as procurement, maintenance, and finance. Participants’ experience can range from new employees with a part-time or full-time role that interfaces with procurement including, risk and insurance, project or asset management, maintenance and/or operations, finance, foreign exchange (FX) or legal, procurement specialist. Asset custodians and facility managers are encouraged to attend.

No prior knowledge of the topics is assumed, however participants with previous experience in these fields may benefit from the course to refresh and extend their understanding. Asset custodians and facility managers are also encouraged to attend.

Outcomes

Upon completion of the course, you will be able to:

• Understand key asset management concepts and elements of an asset management framework
• Improve the procurement of services for condition assessments, technical evaluations, sustaining capital, and maintenance services
• Improve the alignment between an organisation’s strategic, asset and procurement plans
• Combine effective business and market needs analyses with probity principles to ensure that contracts are sourced, awarded, and proactively managed to create prudent and efficient whole-of-life outcomes.

Practical exercises

Participants will work individually and in small teams on exercises to develop or review an asset management plan and linking it to a successful procurement strategy. The exercises will give participants an opportunity to present proposed strategies and work through underlying assumptions as a group.

Delivery structure

This course is delivered in a format that provides multiple touchpoints and reflective activities to apply the learnings in your work context.

Note: Delivered on non-consecutive days. Refer to calendar for delivery dates.

• Day 1: Advanced asset management -Full-day, in-person, UQ Brisbane City campus
• Self-paced online learning activity (approximately 3-4 hours)
• Day 2: Procurement practices to enhance asset performance in the public sector – full-day, in-person, UQ Brisbane City campus

Commitment to all sessions within this course is essential for an optimised learning experience.

Digital badge

Participants will receive a digital badge upon successful completion of all the sessions and activities in the course. Please refer to FAQs for more information on how our digital badges can benefit you.