The unit outlines how effective asset management requires the application of asset management principles and an ongoing and constructive alignment between financial and asset managers. To ensure that appropriate asset management resources are provided for whole of life operation within a value for money framework, asset managers must be able to understand and communicate the principles and application of financial planning and accounting for investment in physical infrastructure. Topics covered include time value of money, valuation, auditing, discrete and continuous assets considerations, cost elements, prediction methods and project evaluation based on whole of life value. The application of the international standard ISO 55000 series, Standards for Asset Management is explored from a financial management context.
|Programs||Graduate Certificate in Asset Management (GCAM)|
|Unit Title||Economics of Financial Management|
|Unit Chair||Dr Allen Tam|
Topic 1: Managing Assets within a Sustainability Context
Topic 2: Financial Management and Asset Management Systems
Topic 3: Developing Business Cases for Physical Asset Implementation
Topic 4: Financial Modelling and Planning
Topic 5: Project Evaluation - life-cycle analysis, value for money, environmental and social issues.
Topic 6: Asset Reporting Frameworks and Auditing
Topic 7: Implementation and Application of Financial Systems in Asset Management.