Pre-Summit Masterclasses Monday 27th April 2009

9.00 - 12.30 Masterclass A: Making Better Investment Decisions

The purpose of asset management is to enable better investment decisions to be made. In practice it is all about the money. Failure to recognise this can lead to wasting vast sums of money on data, systems and associated staff time.

Practicing asset managers focus their efforts on seeking out better ways of working and use their data, systems and time to identify, analyse and implement initiative designed to deliver better long term value for money.

This session is intended for those who want to use asset data to target better value for money. It will draw on practical experience of working with highway authorities and will cover issues such as:

What does whole life cost really mean?
Is asset valuation a red herring?
How long does a cheap treatment have to last for it to be good value?
Is prevention better than cure?
Is waiting till it fails an acceptable approach?
How can risk assessment be used as budget allocation tool?

Masterclass Leader:

Paul Hardy, Director, exp Consulting
Paul is a widely respected authority in highway asset management strategy and delivery. For the last 10 years, he has delivered numerous workshops and seminars on asset management topics to audiences in the UK, New Zealand, Australia, Malaysia and the USA. Paul is currently advising a number of leading highway authorities on a range of highway asset management practice development initiatives.

13.30-17.00 Masterclass B: Supporting Effective Asset Management Through Financial Reporting

Following the CIPFA report to Government, new codes of guidance are being developed to support asset management through financial valuation of assets, reporting and planning. This workshop aims to introduce attendees to the concepts being put forward, what they mean for the organisation and what impact they will have upon existing and future initiatives. Topics to be discussed include:

An overview of the new guidance, its purpose and potential uses together with key changes and developments from existing guidance
Depreciating carriageways and footways, bridges and structures
Updates on calculating Gross Replacement Cost (GRC): dealing with data deficiencies, land (what and how to value it), construction prices and inflation

Masterclass Leader:

Highways Asset Management Financial Information Group
HAMFIG are involved in work to develop and expand the existing guidance on depreciation, both to make it compliant with the requirements of the ‘International Financial Reporting Standards’ (IFRS) and to support effective long term asset management and financial planning.

[ Register Now ] · [ Next: Prices & Discounts ]