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Asset Management IAM Certificate

Asset Management IAM Certificate

Asset Management IAM Certificate is the certificate in AM from The Institute of Asset Management (IAM) that provides a comprehensive overview of the principles and practices of Asset Management (AM). The content is aligned to PAS 55, ISO 55000 and the IAM’s competency framework, with a perspective on preparing participants to pass the IAM Certificate examination and to earn the AM certification.

This course provides a balanced competency development and assurance stage for those who already have either practical experience or specialist knowledge in AM, and are now seeking a more comprehensive understanding of AM.  Participants will develop a business-centered appreciation of AM and will be better able to influence decisions which have AM implications.

The IAM Certificate is concerned with knowledge and comprehension of AM principles, practices, and the business benefits these can deliver. It is an ideal first step towards the IAM Diploma.

Our Certificate courses give a thorough grounding in the principles of asset management, how these apply in practice and the business benefits they deliver. The contents are based on specifications published by the IAM and, therefore, fully aligned with the 2014 IAM Competences Framework, the requirements of ISO 55001 and the GFMAM Asset Management Landscape.

AM experts and consultants design our training and taught by experienced AM practitioners. It prepares candidates for the specific demands of the IAM Principles of AM exam.

The Strategic Axis is unique in offering an IAM Principles of AM examination following the final day of every course it runs. We know how busy you are and we want you to be able to set the course and be immediately ready and able to sit an examination.

You might be interested in another Asset Courses as a next step as well as in practical implication of ISO 55001.

YOU WILL LEARN HOW TO

The course provides full coverage of the principles and practice of Asset Management.

Participants from organizations where the reliability, performance and attendant risks of fixed assets have a significant impact on business performance, will benefit most from this course.

At the end of this course the participant will be able to:
1. Contribute to generation and implementation of AM policy, strategy, objectives, and plans.
2. Participate in asset-related risk identification, analysis, and management processes and contingency planning.
3. Understand the asset lifecycle and the role of appropriate tools to optimize the performance, risk, and cost of assets.
4. Identify the information and performance measures needed for active asset management, and evaluate the effectiveness of asset information systems.
5. Understand the financial implications of asset and asset management decisions for the organization, and translate technical issues into business implications.

IMPORTANT COURSE INFORMATION

This course includes the IAM exam, which will take place on the final day of the course, and certification.

To be awarded the IAM Certificate, candidates will need to achieve an overall score of 65%, with a score of not less than 50% in each of the five modules.

The exam is ‘closed book,’ which means that printed reference materials and dictionaries cannot be taken into the examination room.

The exam is two hour in duration.

COURSE OUTLINE

Modules

Module 1: Principles Of Asset Management

Asset management policies, strategies, and plans

Asset Management

Business Impact, Investment issues, and whole-life costing

The operation, maintenance, repair and disposal of assets

Contractor & Supplier Management

The Asset Life Cycle and Related Decisions

Risk management

Information needs and systems

Module 2: Asset Management Policy, Strategy And Planning

Analysing policy requirements, alignment of policy with corporate strategy and other goals – the line of sight; and the role of asset management in corporate governance

Developing the asset management policy, key contents of a policy and strategy, development methods, information requirements, roles and responsibilities; and policy and strategy evaluation

Analysing strategic requirements, alignment of asset management strategy with policy aims and objectives; consideration of risk, constraints, implications and other socio-economic factors in developing asset management strategy

Planning implementation of the asset management strategy, performance requirements and future demand projections; criticality and risk analysis; whole life costing; Capex and Opex forecasting; work volumes and programmes; alignment with policy and strategy; the asset management plan; and implementation, improvement, and review

Develop and communicate asset management plans: asset management activities necessary to achieve strategic aims; review and communication of planning process and outcomes; establishing resource requirements for delivery of asset management

Module 3: Managing Asset Life Cycle Decisions And Activities

Asset Life Cycle Decision Making

Creation and acquisition of assets: analyzing business needs; specification of performance indicators; assessing risks, costs, and benefits; preparation of a business case

Creation and acquisition of assets: review and influence procurement policy to achieve optimum asset life-cycle performance and value; develop design specifications to meet optimum customer, business, and life-cycle requirements

Maintain assets: strategic maintenance requirements; spares management; condition assessment; extending life of assets

Renewal, rationalization, disposal of assets: review performance against specifications; evaluate rationalization options; to implement and assess rationalization projects

Control operations: developing implementation plans; reviewing and updating operations strategy; developing and evaluating work management processes; delivering work-plans

Application of whole-life costing principles: determination of costs; requiring models; analysis, verification, and monitoring; implementing improvements through cost reviews

Module 4: Assessing And Managing Asset Management Risks

Assessment and management of risk

Contingency planning

Asset management review and audit

 

Module 5: Financial And Business Impact

Strategic requirements

Investment decision-making

Asset management planning

Creation and acquisition of assets: the business case

Module 6: Practice Of Asset Management

Managing Asset Life Cycle Decisions and Activities

Assessing and Managing Asset Management Risks

Asset Management Policy, Strategy, and Planning

The Financial and Business Impact of Asset Management

Demand Forecasting and Capital Expenditure Planning

Managing Change in Asset Management Systems and Capabilities

Methods for Realising Whole Life Value from Assets

Sustainable Asset Care & Performance

Asset Management Information and Knowledge

Contractor and Supplier Management

Module 7: Asset Management Information & Knowledge

Asset Information Strategy and Policy

Defining asset information requirements: standards and definitions; alignment with strategic and operational aims objectives

Specifying, selecting and integrating asset management information and knowledge systems

Making appropriate asset management information available for decision-making: data quality, data collection; data maintenance and updating; data storage; dissemination

Module 8: Sustainable Asset Care & Performance

Sustainability

Maintain assets

Balancing the need for and rationalizing assets

Renewal or disposal of assets: costs, risks, and benefits

Monitor and review progress and performance

Failure analysis and responses

Assure the quality of asset management processes

Development and deployment of people and teams

Compliance with legal, regulatory, ethical and social requirements

Module 9: Managing Change In Asset Management Systems And Capabilities

Designing and managing organizational change: reviewing existing structures; identify needed modifications; implementing change

Shaping the asset management culture: asset management goals and benefits; the learning necessary for achieving strategic and operational aims and objectives; monitoring the effectiveness of culture

 

Module 10: Contractor And Supplier Management

Development, use, and management of contractors and suppliers: criticality of goods and services; specifications for contractors and suppliers; specifications for goods and services; contractor and supplier relationships

Assure the quality of asset management processes: identifying quality problems; planning and implementing improvements; evaluation of improvements

Module 11: Demand Forecasting And Capital Expenditure Planning

Forecasting and analyzing future user requirements and demands: using analytical tools and techniques selection and use of appropriate data for predicting; anticipation of trends in technology and product development

Appraising investment options: investment criteria; investment options; costs, risks, and benefits; selection of investment options; evaluation of investment plans

Module 12: Methods For Realising Whole Life Value From Assets

Whole life value from assets

Application of whole life costing principles: determining asset management activity costs and asset values; whole-life requiring models; using unit cost data; revising calculations as expenses vary; reviewing and improving costing processes

 

 

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