Course Overview

The course references the IPWEA International Infrastructure Financial Management Manual (IIFMM) and is aligned to the International Accounting and Financial Reporting Standards and reflects guidance provided in ISO/TS 55010.

• Over 6 modules you will learn global best-practice from internationally renowned experts.
• Built for busy professionals looking to fast-track their development, delivered via a mix of online content, videos and coursework.
• Gain the capability to work across your organisation linking asset management planning and financial management planning to achieve service objectives.

Modules

The course features 6 online modules, over 7 weeks. Modules progressively open each Monday at 9AM.

Course 2023 — Semester 1

Final assignment due date: 19 June 2023

Live Q&A Sessions

Optional Live Q&A webinar sessions scheduled on various Tuesdays throughout the course. These provide an opportunity to ask questions and discuss aspects of Asset Management with the course mentors and your peers. These sessions are recorded and are available where scheduled times not suitable. (Europe, other)

Course 2023 — Semester 2

Final assignment due date: 6 November 2023

Live Q&A Sessions

Optional Live Q&A webinar sessions scheduled on various Tuesdays throughout the course. These provide an opportunity to ask questions and discuss aspects of the course with the mentors and your peers. These sessions are recorded and are available where scheduled times not suitable. (Europe, other)

Fees

IPWEA member: AU$2,600 + GST
Non-member: AU$2,800 + GST

Save up to $200/pp when you register for this course as an IPWEA member.

Group discounts available.

Group discounts are available to organisations who register:

• 3-5 people (15% discount)
• 6+ people (20% discount)

*need to be registered at the same time and from the same organisation.

Please email full participants details of group (name, position, email, contact details, phone) to: admin@ipwea.org

Course Objectives + Outcomes

Course Objectives:

• Master the key concepts of infrastructure financial management
• Learn how to adopt a stewardship approach to managing infrastructure
• Learn to communicate and manage the interplay between Asset Management Planning and Financial Planning

Course Outputs:

• Successful completion of the course - "Professional Certificate in Infrastructure Financial Management"
• Final assignment will be based on the development of a Long-Term Financial Plan including the use of financial sustainability indicators

Learning Outcomes:

• Explain how infrastructure financial management reporting fits into the broader picture of ongoing infrastructure service delivery.
• Apply a stewardship approach to managing infrastructure that provide services in a financially sustainable manner.
• Determine the approaches required to identify what organisations’ customers can afford.
• Demonstrate how to derive the benefits from long-term financial planning compared to an annual budgeting approach.
• How to link asset management plans to long-term financial planning.
• Connect the service, cost, and risk trade-offs in the asset management plan with the financial strategy.
• Recognise infrastructure assets in the preparation of annual financial statements in accordance with international accounting principles.
• Explain the critical importance of using current values for infrastructure assets in developing financial strategies.
• Apply a consistent and appropriate performance measures for informed decision making and reporting.

Testimonials + Videos

If you’re still wondering if this is the right course from you, this feedback from recent students might help you decide:

“The course strengthened my overall asset management knowledge. The link between finance and engineering is clear and well-spoken about throughout the course. The course is tailored to cater for both the finance and engineering sides of asset management, and this course marries the two to show how the two worlds fit together. I also got a greater appreciation of the financial indicators required and can use these to help develop KPIs of our overall asset management performance.”

Megan Finnie
Manager Asset Strategy, Planning & Performance | Northern Beaches Council, NSW

“My experience with IPWEA is that the instructors WANT you to understand and pass the course. As long as you are exhibiting effort, they have been very helpful along with the other students posting their thoughts too. Good course. I really wish more folks in our organization would take it along with the AMP.”

“The link between LTFP and AMP, and the financial indicators. It really strengthens my understanding of the knowledge and detail to be included in the AMPs. The specific financial indicators are not developed/generated by me under my role, but it's great to get an understanding of the concepts to understand where finance is coming from with some of the internal discussions.”

Kevin Crook
Chief Innovation Officer | Algonquin, IL USA

Delivery

This will be an intensive but practical and rewarding course consisting of 6 Modules, with a new module each week after commencement. The course closes at the Final Assignment Due date and will then be archived and remain accessible for 12 months.

Learning by Doing

Innovation requires action. That’s why this course will help you put into practice everything that you will learn. And you won’t just learn from video lectures – you will also get to participate in an engaging and collaborative classroom environment.

Online Program

This is a 100% online program, which gives you the flexibility to adapt your training to your professional and personal needs. You will be guided throughout the program by a personal learning mentor who will help you with activities.

IPWEA uses the latest in platform Cahoot. Cahoot is a highly dynamic and innovative online educational environment that delivers world class learning experiences and outcomes to participants from around the world. In collaboration with inspirational global educators and organisations across the world, Cahoot delivers truly engaging and meaningful educational experiences.

Mentors

Your mentors fast-track student’s learning, through the sharing of their experiences and insights. Your mentors track your progress, provide feedback and carefully assess your draft Asset Management Plan. The Professional Certificate delivers immediate results to you and your organisation.

Who Should Enrol

The course is perfect for anyone who manages public infrastructure assets and for asset and finance management professionals who want to ensure the advice that they give decision makers points in the same direction, is reliable and consistent.

Therefore, any professional with an interest in progressing their career in this rapidly evolving field, including:

• senior management
• asset managers
• accountants / finance staff
• technical officers
• administrative staff
• community planners
• IT staff
• staff service providers

Benefits

Participant Benefits

Asset management is a highly sought-after profession around the world. If you want your resume to stand out from the crowd, asset management is for you.

Designed for people who like to learn by doing, this course is perfect for anyone who manages public infrastructure assets and for asset and finance management professionals who want to ensure the advice that they give decision makers points in the same direction, is reliable and consistent.

Learn how to:

• Adopt a stewardship approach to managing infrastructure
• Progress from annual budgeting to long-term financial planning
• Use suitable financial management reporting to inform long-term decision

Organisation Benefits

Do you know how to take your organisation’s Asset Management to the next level?

IPWEA’s newest Professional Certificate is gaining popularity amongst Asset and Financial Management professionals, for it provides hands-on, practical experience and access to industry-leading mentors. The course is delivered online via videos, live Q&A's and discussion groups.

• Invest in and upskill your staff
• The course references the IPWEA Infrastructure Financial Management Manual (IIFMM) and is aligned to the International Accounting and Financial Reporting Standards and reflects guidance provided in ISO/TS 55010.
• Understand if your organisation is operating in a surplus position with strong financial sustainability.

Resources

Recommended Text

Based on a decade of experience in promoting aligning of accounting standards with infrastructure management in Australia, IPWEA is pleased to be able to expand these concepts to apply on the global stage. This International Infrastructure Financial Management Manual (IIFMM) has evolved from the Australian Infrastructure Financial Management Guidelines which were first published in 2009. Since then we have had increasing world-wide interest in the need to better manage infrastructure assets.

The Manual provides the practical “how to” tools for asset and financial management practitioners to report and manage infrastructure assets in a consistent way, based on the Accounting Standards applicable in various Countries. The Manual is all about getting asset and financial professionals, all speaking a common language and taking a common approach.

The IIFMM is provided complimentary for the course duration.

FIND OUT MORE

CPD + Certification

CPD Points

On average, each module will take approximately 2 – 4 hours to complete the mandatory learning activities. Additionally, you will be required to complete your final assignment. Your final assignment may take 10 – 20 hours to complete, depending upon your background in interpreting financial statements. We provide you with a resource on how to interpret financial statements.

Total estimated effort to complete the course and final assignment is 30 – 40 hours. Eligible for CPD by Engineers Australia (EA) in accordance with EA Guidelines.

Certificate

Upon successful completion of the program, you will be awarded an IPWEA Professional Certificate in Infrastructure Financial Management.

Credly Badge

Showcase your IPWEA Education Pathway achievements with a Digital Badge.

IPWEA has partnered with Credly to provide a convenient way for you to showcase your professional accomplishments. Upon course completion, you will now receive a ‘digital badge’ to recognise your achievements. A digital badge is easily shared online, data rich and verified. It is the ideal way to showcase your achievement.

IPWEA Digital Badges recognise the knowledge and skill gained via our courses in a way that is shareable with your network. We’ll be introducing the following badges for our four current pathway courses.