The IAM Asset Management Foundation Award Course

Asset Management Foundation Course

This is a  CPD certified course that provides an introduction to asset management.

Based on three modules with award of an awe! certificate and CPD points on successful completion.

The Foundation Award course also enables you to secure the Institute of Asset Management’s Asset Management Foundation Award certificate.

The Learning

This course provides a great foundation in understanding the basic concepts, language and significant benefits organisations gain from an Asset Management approach. It also introduces the content and role of the International Standards for AM (ISO 55000).

The course sets out the basis for adopting an asset management approach, what it entails and the key determinants for success.

The course also enables learners to see how asset management involves everyone in the organisation and how their role may be directly or indirectly impacted.

On successful completion of the course’s three modules and recommended reading, the learner will be fully prepared to take the Institute of Asset Management’s (IAM) Knowledge Test. This is incorporated as the final step and, on achieving a pass marked of 66% or higher, the learner will be issued with the IAM’s Foundation Award certificate.

3-5 hours notional learning
• 3 x modules with assessments
• Reading text
• Knowledge test
• Score 66+% and you receive the IAM’s Foundation Award certificate

This course is suitable for anyone seeking to understand what asset management is, the benefits it can deliver and how everyone in an organisation has a role to play.

On successfully completing the course, you will automatically receive an awe! certificate and CPD points.

Target Audience

The course has been designed for anyone who requires a basic introduction to the concepts, language and benefits of asset management.

Learning Outcomes

What asset management is
What assets, asset systems and asset portfolios are
The value obtainable from assets and their management
The context, background and purpose of ISO55000, the asset management standard
The main benefits of asset management and how they apply to different stakeholders
The importance of consultation, training and communication in the implementation phase
How to recognise and handle common misunderstanding and resistance
The IAM knowledge test

Once the modules and reading have been completed access will be given to the Institute of Asset Management’s (IAM’s) Foundation Award knowledge test.

It’s a ‘pass or fail’ test that requires a 66% or higher mark to pass.

The Recommended Further Reading

Once the modules have been completed, the reading will round off the learning and deepen your understanding in preparation for the Knowledge Test.

Reading will take 40-60 mins but take as long as you need, and you can read more widely if you wish.

Once you have completed the Foundation course then there is a progression course that may be taken as a continuation from the three modules of the Foundation course and so provide you with all of the basic principles of asset management in the remaining 11 modules. This can be taken instead of the full Certificate course. See course details here.

Find details of the three modules below: