The professional body for whole life management of physical assets

IAM Certificate

This is an introductory qualification, designed to recognise an individual’s knowledge and understanding of asset management. The IAM Certificate will provide you with an understanding of the fundamental principles of asset management.
 

Who it’s for?

The IAM Certificate is aimed at people who are new to asset management, have some initial experience of working in an asset management role, or who might have worked in asset management for a while and wish to embark on discipline relevant qualifications. It is necessary to first pass the IAM Certificate before being able to pass the IAM Diploma.


How much does it cost? 

Paying IAM Members             £110 / US$140 
Non-members                       £130 / US$170

This covers the enrolment process and provides entry to one examination. (If a candidate opts to re-sit an examination, a re-sit fee will be payable on each occasion.)


The Examination: "Principles of Asset Management"

The Principles of Asset Management is a 2-hour invigilated examination, delivered online at approved IAM exam venues. It comprises 60 multiple-choice questions over 5 compulsory modules:

Modules

Number of Questions

M1   Principles of Asset Management

20

M2   Asset Management Policy, Strategy & Planning

10

M3   Managing Asset Life Cycle Decisions and Activities

10

M4   Assessing and Managing Asset Management Risks

10

M5   Finance and Business Impact

10

 

To be awarded the IAM Certificate, candidates will need to achieve an overall score of 65%, with a score of not less than 50% in each of the five modules.

The exam is ‘closed book’, which means that printed reference materials and dictionaries cannot be taken into the examination room.

 

Preparing for the exam

We suggest that approximately 150 hours of study is needed to prepare for the ‘Principles of Asset Management’ exam, depending on a candidate’s prior knowledge and experience. You will find IAM endorsed training providers that deliver training aligned to the syllabus for the IAM Certificate here.

 

Supporting documents

Candidate Handbook Guidance for Candidates


This document will provide you with more detailed information on the enrolment process, learning resources, training courses, booking an exam, exam regulations and what happens after an exam - whether you are successful or unsuccessful.


This document includes the philosophy behind the IAM qualifications and how they relate to asset management, the assessment protocols, and the scope of the topics covered by the examination modules so candidates can determine how much study and training they may need. The document also suggests a minimum reading list to prepare for the exams.

 

 


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