Learn fundamental asset management principles, legal frameworks, life-cycle planning, and financial accounting to support efficient, compliant, and service-driven operations in the public sector.
| Date | Venue | Duration | |
|---|---|---|---|
| 03 - 05 November 2026 | Polokwane, Limpopo | 3 Days |
Please note: This is not a final registration, one of our team members will contact you shortly to finalise your registration.
This Introduction to Asset Management in the Public Sector course, which aims to introduce you to various concepts regarding asset management – an aspect that is becoming ever more important at all levels of government today.
You are no doubt conversant with government’s quest for improved service delivery and the high premium placed on building the capacity of public service that, amongst others, use resources effectively, are innovative and continually raise service standards. This training course enables you as a public service in supply chain management to build the necessary knowledge, skills and values that will enable you to improve your own levels and standards of service excellence.
Purpose
To build capacity within the public service by introducing fundamental asset management concepts at a level comprehensible to all public servants who may not yet have been exposed to these concepts
By the end of this Introduction to Asset Management in the Public Sector training programme, participants will be able to:
Understand the foundations of public sector management and the legislative environment governing asset management, including key Acts, Treasury Regulations, and policy frameworks.
Explain the principles, purpose, and importance of asset management within the context of efficient public service delivery.
Identify and classify different types of assets including current and non-current, tangible and intangible, movable and immovable assets and understand their characteristics and management implications.
Apply asset management principles across the full asset life cycle, from planning and acquisition to operation, maintenance, and disposal.
Develop and implement asset management strategies and plans that align with organisational goals, service delivery needs, and budgetary constraints.
Plan and budget for asset-related costs, ensuring financial controls, documentation, and accountability are maintained throughout the process.
Execute proper acquisition processes in line with procurement regulations, including evaluating tenders, managing risks, and recording assets in compliance with policy and audit requirements.
Implement maintenance and performance management systems to extend asset life, ensure reliability, and optimise operational efficiency.
Apply disposal frameworks and procedures that comply with legislative requirements, ensuring transparency, value for money, and accurate accounting for disposals and transfers.
Maintain and update asset registers to ensure accurate classification, valuation, verification, and reporting of all assets within the organisation.
Apply basic financial accounting principles in determining asset costs, depreciation, reconciliation, and financial statement disclosures in accordance with public sector accounting standards.
Manage immovable assets strategically, including investment properties and infrastructure, through the development of comprehensive immovable asset management plans.
Integrate asset management practices into broader organisational planning, budgeting, and reporting frameworks to promote sustainability, accountability, and compliance.
This Introduction to Asset Management in the Public Sector course is ideal for:
Senior government officials
Finance and asset management professionals
Compliance officers
Procurement specialists
Audit and risk assessment personnel
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.
Unit 1 –Introduction to Management & Public Sector Legislation
Basic principles of management
Background to asset management in the public sector
Overview: legislative framework –public sector asset management
Background to asset management in the public sector
Trends in public sector accounting
Assets in the public sector
Reason for asset management
Overview: legislative framework –public sector asset management
The Constitution
Public Finance Management Act
Municipal Finance Management Act
Government Immovable Asset Management Act
Treasury Regulations
Asset Management Framework
Regulating policies related to the public sector
Other legislation and prescripts
Unit 2 –Asset
Classification of assets
Non-current (capital) and current
Tangible and intangible
Movable and immovable
Characteristics of assets
Asset management
Definition
Factors impacting on asset management
Asset management principles
Asset life-cycle
User needs
Asset management principles
Focus on service delivery
Integrated approach to planning and management
Asset management policy framework
Asset management strategies and asset management plans
Unit 3 –Asset Life-cycle: Planning and Budgeting
Asset strategy development
Asset management plans
Planning and budgeting costs
Controls
Budget planning
Documentation required
Managing for success
Unit 4 –Asset Life-cycle: Acquisition
Acquisition decisions
Options for acquiring an asset
Purchasing/buying
Building
Hiring/leasing
Transfers
Exchanges
Life-cycle cost
Risks and benefits
Acquisition plans
Key functions of acquisition phase
Follow acquisition process
Evaluate and compare provider/vendor proposals and tenders
Order
Take delivery
Recording assets in asset register
Asset policy
Asset register requirements
Controls
Unit 5 –Life-cycle: Operations and Maintenance
Asset maintenance
Maintenance requirements
Maintenance strategies
Comprehensive plan
Level of maintenance required
Maintenance priorities
Maintenance policies
Asset performance
Accounting for maintenance and depreciation
Key functions and services delivered
Unit 6 –Asset Life-cycle: Disposal
Regulatory framework
Reasons for disposal
Asset policy implications
Requirements for good disposal process
Disposal options
Disposal plan
Disposal decision
Disposal methods
Disposal of land
Terminating control of asset
Assessment of performance / post-disposal review
Cost
Accounting for disposals/transfers
Unit 7–Classification of Assets and the Asset Register
Classification of assets
Asset register
Financial disclosure
Movement of asset in and out
Remaining useful life
Updating the asset register
Asset value
Asset thresholds
Loose tools
Asset register and purpose of verification
Unit 8 -Financial Accounting for Assets
Introduction and key concepts of basic accounting
Determining costs of assets
Useful life, economic life, residual value
Depreciation
Accounting for depreciation
Asset reconciliation
General ledger with asset control accounts
Disclosure in annual financial statements
Disclosure for each class –financial statements
Disclosure –accounting policies
Disclosure notes
Unit 9 –Immovable Assets
Principles of immovable asset management
Strategic requirements for immovable asset management
Investment property
Accounting for immovable assets
Application of concept: developing an immovable asset management plan
Discover how our courses enhance professionals’ effectiveness in their workplaces.
What made the sessions exceptionally helpful was the deliberate focus on actionable strategies rather than just high-level concepts. The structured approach kept the content engaging. It was a highly impactful professional development experience.
It has been a really fruitful and helpful training. Many thanks to PROSPEN AFRICA and the facilitator Olufemi. This is definitely going to make my work life easier and meaningful.
The course really taught us deep in to Payroll and made us aware of things we were not aware of.
The training was very insightful and the facilitator was very engaging which made everything easier to understand and follow. It has really equipped us in our areas of lack and we feel confident now on our next assignments on forecasts and analysis
The course was practical, informative and relevant
Find answers about course content, certification, registration, and AI skills for executive assistants.
Discover more insights on AI, leadership, digital transformation, and professional development.
Fill in your details and we will send the brochure to your email.
Please check your email for confirmation.
Please check your email for confirmation
