IAM 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 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 Competencies

    • Asset management
    • Risk identification
    • Contingency planning
    • Asset life cycle costing
    • Maintenance planning

What is the target audience?

  • 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.

Introduction and overview of Asset Management (AM)

1
Introduction to AM
2
International Standards – ISO 55001
3
Overview of good practice
4
Organizational context and stakeholder needs
5
Converting business plans to asset plans
6
The strategic AM plan
7
AM policy
8
Needs and capabilities of the assets

The Asset Lifecycle

1
Introducing the Asset Lifecycle
2
Design and acquisition
3
Commissioning and handover
4
A Strategic approach to operations and maintenance
5
Understanding and managing failures – Introduction to tools and techniques
6
Managing ‘random’ failure
7
Spares management
8
Decommissioning, disposal and renewal
9
Asset life cycle strategies – Alignment and optimization
10
Developing and optimizing AM plans
11
Constraints and shutdown optimization

Planning

risk management

and decision making

1
Delivering plans
2
Managing resources and change
3
Outsourcing and supply chain management
4
Risk management
5
Asset criticality
6
Contingency planning
7
Value and risk-informed decision making
8
Asset Management decision making – Principles and approach
9
Techniques for working uncertain or sparse data
10
Life Cycle Costing (LCC)

Asset Management enablers

1
Asset information – Overview
2
Asset data – Fundamentals
3
Dynamic data – Condition and performance
4
Collecting and using tacit information
5
Information systems – Introduction and overview
6
Organizational structures for AM
7
Assessing and developing AM competencies
8
Leadership in AM

Evaluation and continual improvement

1
Successful changing organizations
2
Communication and culture change
3
Performance evaluation
4
Developing and using performance indicators
5
Continual improvement
6
Governance and assurance for asset management – Auditing and management review
7
Maturity beyond ISO55000
25 - 29 January 2021

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Lectures: 44

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Working hours

Monday 9:30 am - 6.00 pm
Tuesday 9:30 am - 6.00 pm
Wednesday 9:30 am - 6.00 pm
Thursday 9:30 am - 6.00 pm
Friday 9:30 am - 5.00 pm
Saturday Closed
Sunday Closed