CERTIFICATE IN ASSET MANAGEMENT
Why Attend
The Institute of Asset Management (IAM) Certificate in Asset Management course 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 in Asset Management examination and to earn the AM certification.
This course provides a well-rounded 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 Asset Management, and will be better able to influence decisions which have AM implications.
This course includes the IAM exam, which will take place on the final day of the course, and certification.
Course Methodology
This is a highly interactive course which will include group discussions, case studies, videos, group presentations and quizzes.
Course Objectives
By the end of the course, participants will be able to:
Contribute to the generation and implementation of AM policy, strategy, objectives and plans within their organizations
Participate in asset-related risk identification, analysis, 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 impact of asset information systems
Understand the financial implications of asset and asset management decisions for their organization, and translate technical issues into business implications
Target Audience
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. This course is suitable for engineering and technical managers, project managers and project engineers, operations managers, maintenance managers, Facilities Managers, EHS and quality managers, and procurement and supply chain managers.
Target Competencies
Asset management
Risk identification
Contingency planning
Asset life cycle costing
Maintenance planning

Introduction and overview of Asset Management (AM)
Introduction to AM
International Standards – ISO 55001
Overview of good practice
Organizational context and stakeholder needs
Converting business plans to asset plans
The strategic AM plan
AM policy
Needs and capabilities of the assets
The Asset Lifecycle
Introducing the Asset Lifecycle
Design and acquisition
Commissioning and handover Strategic approach to operations and maintenance
Understanding and managing failures –
Introduction to tools and techniques
Root Cause Analysis (RCA)
Failure Mode and Effect Analysis
Managing ‘random’ failure
Spares management
Decommissioning, disposal and renewal Asset life cycle strategies – Alignment and optimization
Developing and optimizing AM plans
Constraints and shutdown optimization
Planning, risk management, and decision making
Delivering plans
Capital
Operations and maintenance
Managing resources and change
Outsourcing and supply chain management
Risk management
Asset criticality
Contingency planning
Value and risk-informed decision making
Asset Management decision making –
Principles and approach Techniques for working uncertain or sparse data
Life Cycle Costing (LCC)
Introduction
Evaluation of options
Asset Management enablers
Asset information – Overview
Asset data – Fundamentals
Dynamic data - Condition and performance
Collecting and using tacit information
Information systems – Introduction and
overview
Organizational structures for AM
Assessing and developing AM competencies
Leadership in AM
Evaluation and continual improvement
Successful changing organizations
Communication and culture change
Performance evaluation
Developing and using performance indicators
Continual improvement Governance and assurance for asset management – Auditing and management review
Maturity beyond ISO55000


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