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 is run in partnership with Woodhouse Asset Management Academy who are endorsed by the Institute of Asset Management (IAM). This course leads to the Certificate in Asset Management qualification/certification. The IAM exam is included in the course, and can be taken online at any point within one year of the course.

Overview

Course Outline

Schedule & Fees

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
A 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

Guangzhou

Guangzhou (China)2025-12-08$4975

Kuala Lumpur

Kuala Lumpur (Malaysia)2026-03-16$4975