Physical Asset Practitioner

The purpose of this qualification is to prepare a learner to operate as a Physical Asset Practitioner. Physical Asset Practitioners apply the physical asset management framework and policies to ensure the performance and output potential of physical assets through systematic maintenance activities and practices throughout the life cycle of the physical asset within a risk framework to achieve strategic objectives and activate the execution of the most relevant maintenance strategies. Physical Asset Management System refers to an organisation's physical asset management policy, physical asset management strategy, physical asset management objectives, physical asset management plan(s) and the activities, processes and organisational structures necessary for their development, implementation, and continual improvement. Physical Asset System refers to sets of physical assets that interact and or are interrelated to deliver a required business function or service in a physical asset system individual physical assets and various groupings of physical assets (asset portfolio). A qualified learner will be able to: • Maintain the physical asset management system in terms of data integrity. • Coordinating the processes of the various stages in the life cycle of physical assets. • Interpreting, implementing and reporting in conjunction with a work team on physical asset performance improvements and recommendations. • Participating and informing new physical asset creation project teams on relevant aspects of physical asset management knowledge (skills, techniques, etcetera.) related to an area of operation. • Contributing to the statutory reporting on the operational and financial performance of physical assets.

This qualification is critical to the effective management of public and private assets. There is no formally recognised qualification in physical asset management within both the public sector and the private sector in South Africa. Below are the professional bodies/associations consulted during the development of this qualification: • Southern African Asset Management Association (SAAMA). • South African Institute of Chartered Accountants (SAICA). • Engineering Council of South Africa (ECSA). • Association of Accounting Technicians South Africa (AAT SA). The target group of learners are the following: • Asset Practitioner level normal entry-level in asset management up to supervisory level. • Asset Manager level experienced with a minimum of three years and upwards in asset management. This qualification blends the theoretical with practical and work exposure for the successful awarding of the qualification together with a professional designation by the relevant professional body.

Recognition of Prior Learning (RPL) RPL for access to the external integrated summative assessment. Accredited providers and approved workplaces must apply the internal assessment criteria specified in the related curriculum document to establish and confirm prior learning. Accredited providers and workplaces must confirm prior learning by issuing a statement of result or certifying a work experience record. RPL for access to the qualification. Accredited providers and approved workplaces may recognise prior learning against the relevant access requirements. • NQF Level 4 with Mathematics.

• Apply general principles of planning, coordination, activation and controlling of physical asset management operations, leading and monitoring of the people aspect of the physical asset management system.
• Adhere and comply with legislative, statutory, municipal ordinances, policies and procedures, time frames and quality standards.
• Assess the operational condition and required maintenance of a physical asset.
• Measure physical asset performance and deviations, identify causes in order to optimise physical asset performance and take disposal decisions.
• Execute new physical asset creation or refurbishment processes and participate in multi­ disciplinary team processes.
• Report on operational and financial data to enhance resource allocation.