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Programme and Operations Policies and Procedures

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POPP>Administrative Services>Asset Management - Property, Plant and Equipment>Property, Plant and Equipment
Property, Plant and Equipment
1.0 Relevant Regulations and Rules
UNDP Financial Regulations and Rules (2012)

IPSAS - 2012 Handbook of International Public Sector Accounting Pronouncement

2.0 Policies
Main Policy
Property, Plant and Equipment (PPandE)
 Related Policies
Internal Control Framework
The ICF Operational Guide supplements this policy.

Vehicle Management

Inventory Management
Language English | Español | Français
Page Properties
Key Words
Focal Point
George Peradze
Effective Date
Planned Review Date
Summary of Changes/Comments

January 9, 2023 - The policy has been updated to reflect UNDP's transition to its new cloud-based management platform Quantum in January 2023, replacing its previous ATLAS system.
February 11, 2021 - The Property, Plant and Equipment (PPandE) policy is now available in Spanish. To access the document, click on the Spanish language tab.

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 01, 2017 - The paragraphs on Assets and closure of projects were added for further clarification.

February 01, 2016 - Reviewed and edited (without substantive changes) in Q1.