This course provides an intensive coverage of the principles and practice of Asset Management. The content is aligned to PAS 55, ISO 55000, and to the Institute of Asset Management (IAM) competency framework, with a view to preparing students to pass the IAM Certificate in Asset Management examination. It is suited to practitioners with industrial or infrastructure asset
management responsibilities, who can relate concepts to their work environment.

The course covers the 5 modules of the IAM Certificate in Asset Management qualification:

  • Module 1: The Principles of Asset Management
  • Module 2: Asset Management Policy, Strategy and Planning
  • Module 3 Managing Asset Life Cycle Decisions and Activities
  • Module 4 Assessing and Managing Asset Management Risks
  • Module 5 The Financial and Business Impact of Asset Management

The integration of asset whole life cycle management, linked to the broader business vision and strategy of the organization is stressed throughout. The course is delivered through intensive and interactive virtual classroom teaching with content reinforced with exercises and tests, supported by directed reading.

The course provides a well-rounded competency development and assurance stage for those who already have practical experience, or specialist knowledge, and who are now seeking a more comprehensive understanding.

Target Participants

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. Typical roles include but are not limited to:

  • Engineering and technical managers
  • Project managers and engineers
  • Operations managers and staff
  • Maintenance managers and staff
  • Facilities Managers
  • EHS & quality managers and staff
  • Procurement and supply chain
  • IT & HR

Learning Outcomes

At the end of this course the participant will be able to:

  • Contribute to the generation and implementation of an Asset Management policy, strategy, objectives, and plans.
  • Participate in asset-related risk identification, analysis and management processes, and contingency planning.
  • Understand the asset lifecycle and the role of appropriate tools to optimize the performance, risk, and cost of assets.
  • Identify the information and performance measures needed for effective asset management, and evaluate the effectiveness of asset information systems.
  • Understand the financial implications of asset and asset management decisions for the organization, and translate technical issues into business implications. 

Successful participants may choose to go on to the IAM Certified Advanced Asset Management.  

Course Content Highlights

Module 1: Principles of Asset Management

Session 1

  • Introduction
  • The discipline of Asset Management (scope, definitions & concepts)
  • What is ‘good’ Asset Management? – 7 distinctive attributes
  • Asset (life cycle) management processes
  • Value in, and from, asset management

Session 2

  • Alignment (‘line of sight’), policy, strategy & planning (introduction)
  • Leadership, assurance & management systems
  • Asset management standards (PAS 55 & ISO 55000)
  • Asset life cycle decision-making (introduction)

 

Session 3

  • Risk Management
  • Information Management (introduction)
  • People and Contractor Management

 

Session 4

  • Contractors and Supplier Management
  • Organization Maturity; journey and business impact

Module 2: Asset Management Policy, Strategy & Planning

Session 5

  • Introduction
  • Alignment of ‘line of sight’ and policy requirements
  • Developing Asset Management policy
  • Strategic requirements 

 

Session 6

  • Planning and implementation of Asset Management Strategy
  • Develop and communicate Asset Management plans

Module 3: Managing Lifecycle Decisions & Activities

Session 7

  • Life cycle costing and Asset Life Cycle Decision Making
  • Creation and Acquisition of Assets (parts 1 & 2)

 

Session 8 

  • Controlling Operations
  • Renewal, rationalization, and disposal of Assets 

Module 4: Assessing & managing Asset Management Risks

Session 9

  • Introduction
  • Assessment and management of risk

 

Session 10

  • Contingency planning
  • Asset Management review and audit

Module 5: Financial & Business Impact of Asset Management

Session 11

  • Introduction
  • Strategic Requirements
  • Investment Decision-making

 

Session 12

  • Asset Management Planning
  • Creation and acquisition of assets: the business case

Duration: 5 Days | Level: Implementer | Fee: $2,500

Principles of Asset Management

Ready to elevate your asset management skills? Enroll now and work toward your IAM certification!

Next Training Session: 23rd - 27th June 2025

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