ProspenAfrica | Training and Consulting Services Provider

Asset Procurement, Maintenance & Disposal Management Masterclass

3 Day Training

Dates: 29 – 31 July | 28 – 30 August 2024

Locations: Johannesburg, South Africa

Platform: Available In-Class / Online

Price: Available on Request

Course Introduction

In today’s corporate landscape, effective asset management is essential for operational efficiency and cost savings. This workshop presents a flexible framework suitable for any organization, from individual projects to comprehensive, enterprise-wide programs. It’s particularly beneficial for government officials who have experienced the challenges of a negative audit report.

Course Objectives

The Asset Procurement, Maintenance & Disposal Management Masterclass is designed to empower professionals to:

  • Understand how to align with regulatory frameworks like GRAP, GAAP, and IFRS.

  • Learn to update and maintain an accurate asset register.

  • Gain insight into procurement aligned with legislative requirements.

  • Master component accounting and disposal methods for assets.

  • Grasp planning and budgeting for effective asset management.

  • Implement new Preferential Procurement Regulations.

  • Differentiate between asset components, repairs, and maintenance.

  • Navigate the complexities of asset capitalization versus expenditure.

Who should attend?

This course is designed for professionals responsible for managing and overseeing assets, including SLP Managers/Coordinators, HR Managers, and those involved in procurement, particularly within the mining sector.

Training methodology

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Module 1:

  • Understanding the roles and responsibilities in managing hearings.

  • Handling non-dismissible offences with strategic procedures.

  • Eliciting information during pleadings effectively.

  • Making informed sanction decisions.

  • Communicating and documenting outcomes clearly.

  • Recording procedures and decisions diligently.

Module 2: Procurement Process as a Driver of Effective Asset Management

  • Financial treatment of assets under various accounting standards.

  • Strategies for demand and acquisition management.

  • Emphasizing the strategic role of asset management for organizational delivery.

  • Aligning with procurement legislation and asset management frameworks.

  • The practical application of functionality as a criterion for evaluation.

Module 3: Asset Management and Performance Measurement

  • Developing safeguarding and maintenance plans.

  • Operational and maintenance phase planning.

  • Improving reliability through preventive maintenance and optimal spare stocking.

  • Asset reconciliation and balance.

  • Evaluating asset performance based on physical condition, utilization, and financial criteria.

Module 4: Immovable Asset Management

  • Approaches to appreciation, valuation, and classification.

  • Strategies for the lifecycle maintenance of immovable assets.

  • Effective monitoring and evaluation of asset procurement and management.

Module 5: Key Performance Considerations

  • Ensuring fair treatment and value for money.

  • Maintaining accountability and managing risk with probity and transparency.

  • Asset disposal considerations and process management.

Module 6: Immovable Asset Management Branch Functions

  • Detailing the specific roles of Portfolio Performance and Monitoring (PPM), Portfolio Analysis (PA), and Key Account Management (KAM).

  • Measuring asset performance effectively.


This enhanced content provides a structured overview of the masterclass, highlighting the practical benefits and outcomes for professionals involved in asset management. If you need further customization or additional information, please let me know.

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