Trueventus - Portfolio and Program Management

Dec. 21, 2010 - PRLog -- Kuala Lumpur, Malaysia: Regardless of which industries you are in, one of the key factors that contribute to project running over on cost and time is the ability to allocate the right assets to the right projects. Asset in this context entails machinery & equipment, intellectual asset, finance resources, human capital, skilled labor, company’s goodwill, etc… Misallocating assets to projects increases project risks which may lead to:

• Company safety record may be negatively impacted by having limited resources working on too many projects

• Burnt out staff may lead to high turnover hence cause skilled labor shortage

• Having wrong people assigned to the projects may end up having unhappy client, poor profit margins, extensive claims from contractors and subcontractors

• Projects running late and/or over budget

“According to Standish Chaos Reports only 20% of IT projects finish on time and/or within budget. Based on FMI’s Construction Report, it says only 30% of construction projects finish on time and/or within budget”

All of these consequences will adversely affect the company’s revenue maximization opportunities and bottom line. This course is designed in the context of using projects to support the creation, use, maintenance, upgrading or disposal of assets. It helps asset managers to maximise the value creation of company’s asset by efficiently allocate assets to projects to ensure project success.

Featuring world-class workshop leader, Dr. Paul D. Giammalvo, CDT, CCE, MScPM, MRICS, participants will explore the concepts of Total Asset Management using a “Life Cycle” or “end to end” approach, in a practical and understandable way. It is conducted using a “hands on” workshop environment, intended to translate the concepts, principals and theories described by the Association for the Advancement of Cost Engineering into “real life” deliverables.

Attendees will get the chance to explore topics ranging from requirements elicitation and analysis using front end loading, asset cost accounting, asset performance measurement, forensic performance assessment and 4 more special focused sessions.

Please visit http://www.trueventusnews.com/2010/11/general-management/...

About Trueventus
Trueventus is one of the fastest growing business information organizations in Asia, with affiliated partners across the globe. We are transforming, from a local organization into a global professional provider serving all industries across the globe, with the vision to be the first point of reference for all decision makers who are seeking conferences, training and business development opportunities.

We have a combined experience of over 30 years in the meeting, incentives, conference and exhibition industry. This gives us the competitive advantage to help our customers sharpen their skills, expand their horizons and build lifelong business and personal networks.

# # #

Trueventus, stands for Timely, Relevant, Unique Events. It is our objective to continuously deliver Timely, Relevant, Unique events to businesses across all industries around the world.

For more information, please go to www.trueventusnews.com