ProCert IFM

Professional Certificate in Infrastructure Financial Management


Build the capability to lead your organisation in providing financially sustainable service delivery from infrastructure.



Register Now​
 

What is the Professional Certificate in Infrastructure Financial Management?

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.

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Study Mode

6 Online Modules

Duration

7 weeks

CPD

30-40 hours

Fees

Member Price: $2,600 + GST
Non-Member Price: $2,800 + GST

 

International Pricing

Online Enquiry

REGISTRATIONS NOW OPEN

Australian and International Course


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Course Commences
29 August 2022

REGISTER HERE
View key course dates and times

REGISTRATIONS NOW OPEN

Australian and International Course


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Course Commences
10 April 2023

REGISTER HERE
View key course dates and times

Course Details

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.
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Modules

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

Course 2022

Description

Module Open


Every Monday

Live Q&A

Tuesday 

Module 1 - Introduction to Infrastructure Financial Management

5 Sep

-

Module 2 - Financial Strategy and Planning

12 Sep

-

Module 3 - Linking Financial and Asset Management Planning

19 Sep

-

Module 4 - Key Accounting Principles for Infrastructure

26 Sep

27 Sep
10AM(AEST)

Module 5 - Financial Management Reporting

3 Oct

-

Module 6 - The Bigger Picture

17 Oct

19 Oct
10AM (AEST)

Final Assignment due

7 Nov

 

Extension Deadline Assignment due

TBA

 

Final assignment due date: 7 November 2022

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

Description

Module Open


Every Monday

Live Q&A

Tuesday 

Module 1 - Introduction to Infrastructure Financial Management

17 Apr

-

Module 2 - Financial Strategy and Planning

24 Apr

-

Module 3 - Linking Financial and Asset Management Planning

1 May

-

Module 4 - Key Accounting Principles for Infrastructure

8 May

9 May
10AM

Module 5 - Financial Management Reporting

15 May

-

Module 6 - The Bigger Picture

29 May

30 May
10AM (AEDT)

Final Assignment due

19 Jun

 

Extension Deadline Assignment due

 

 

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 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
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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:

What did you find most relevant and useful about the course?

“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

What did you find most valuable about the mentoring you experienced during the course?

“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.”

What did you find most relevant and useful?

“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.

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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.

Steve Verity
Principal - Asset Engineering

Steve is a fellow member of the IPWEA and has over 25 years’ experience in infrastructure management across the public and private sectors. Steve has a strong appreciation in the importance of applying robust planning and risk management frameworks to ensure the necessary funds are available to deliver projects and programs at the agreed level of service. Steve brings a depth and breadth of expertise to the team and willingness to share experiences with those who wish to develop their skills and knowledge.

Adam Thomas
Senior Advisor - Infrastructure Financial Management

Since starting with local government nearly 25 years ago, Adam has held a number of senior roles in asset financial management in NSW State Government, Federal Government and the University sector. In more recent times, Adam has worked as a consultant to several NSW local governments, specialising in the integration of Asset data with large ERP systems, data modelling, capital expenditure management, AMP preparation and asset financial management. Adam is a CPA with an economics degree and also holds a Master of Business Administration.

John Comrie
Advisor - Asset Mgt, IPWEA

For the past 15 years he has consulted and conducted training courses nationally, focussing primarily on local government financial sustainability issues.
He is a co-author of IPWEA’s International Infrastructure Financial Management Manual and has written other guidelines material and conducted training courses for IPWEA to assist councils with financial sustainability and asset management. Most recently he has helped prepare content of IPWEA’s new and successful international online course, Professional Certificate in Infrastructure Financial Management.

Allen Mapstone
Director Strategic Asset Management, IPWEA | NAMS Canada

Allen Mapstone is IPWEA's lead trainer for NAMS.PLUS asset management courses in Australia & Canada. Allen is a highly skilled presenter and makes these concepts very understandable.

Jacqui Hansen
Principal Advisor - Asset Mgt, IPWEA

Jacqui Hansen is a consulting civil engineer with 25 years’ experience in local government. She specialises in Asset Management and for 15 years has provided consulting services to local government, helping Councils to improve asset management practices and develop meaningful asset management plans. Her focus has always been the needs of regional, rural and remote communities. She brings her real-life experiences to the team.

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
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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.
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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

IIFMM

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.

IFM Certificate

Certificate

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

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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.

More IPWEA Pathway Courses

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CPD 25 hours
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Monday 22nd August, 9:00am AEST

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Event #3

Integrating Asset Management & Governance

Monday 31st October, 10:00am AEST

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