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February 07, 2020 - UNDP has changed its asset capitalization threshold from US $1,500 to US $5,000. This policy change will significantly reduce the volume (i.e. quantity) of assets in the asset register thereby allowing UNDP to focus attention on higher value items. The change in policy should also result in a more effective verification and certification process. Clauses 1, 4, and 5 of the policy has been updated to reflect the new asset capitalization threshold.
August 23, 2019 - The Property, Plant and Equipment (PPandE) policy is available in French. To access the document, click on the French language tab.
June 12, 2018 - The updated Property Plant and Equipment (PP&E) section clarifies the nature of NGO involvement in Asset Management processes in response to the newly revised Programme and Project Management (PPM) chapter and also reflect the change to the asset certification process approved by the Senior management as part of the recent business streamlining initiatives.
February 2017 - The paragraphs on Assets and closure of projects were added for further clarification.
2016 - Reviewed and edited (without substantive changes) in Q1.