Overview

The Professional Certificate in Infrastructure Financial Management (ProCert IFM) enables asset and finance management professionals achieve their required business objectives.

The key objectives of the course are to establish the importance of infrastructure stewardship responsibilities and learn how to meet this stewardship responsibility through the integration of asset management and financial management planning concepts.

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

Module 1 - Intro to Infrastructure FM

Module 2 - Financial Strategy and Planning

Module 3 - Linking Financial and Asset Management Planning

Module 4 - Key Accounting Principles for Infrastructure

Module 5 - Financial Management Reporting

Module 6 - The Bigger Picture

Course Objectives

• 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.   

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.

Meet the mentors