Elements and Performance Criteria
- Develop and implement policies and procedures for the management of assets
- Ensure asset records are established
- Ensure responsibility for establishing an asset register of the organisation's movable assets, and the recording and storage of asset documents, is delegated by the board to an appropriate person or persons
- Check that the register has been established and that appropriate asset documents are stored securely
- Ensure that assets and records are maintained
- Receive and review reports with respect to assets to ensure they are up-to-date and complete
- Ensure appropriate procedures are in place and followed to undertake asset repairs
- Ensure appropriate procedures are in place and followed to report and document asset damage, loss or theft
- Develop an action plan to follow up asset management issues that arise
- Ensure asset records comply with funding providers' requirements
- Ensure insurance cover is in place
- Oversee an annual internal audit of assets
- Oversee acquisition and disposal of assets