The professional body for whole life management of physical assets

IAM Diploma

The IAM Diploma is a more advanced qualification whose focus is on breadth and depth of knowledge and understanding, together with the application of professional judgment in practice. The Diploma is currently the highest Qualification awarded by the IAM. 


Who it’s for?

The Diploma is aimed primarily at those with prior knowledge and experience of asset management, who are typically working in or preparing for specialist or management roles in asset management.
To be awarded the Diploma, candidates must have first successfully passed the IAM Certificate and enrol for the Diploma within 5 years.
 

How much does it cost?

Paying IAM Members             £160 / US$200  
Non-members                       £180 / US$230

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


The Examination: ‘Advanced Asset Management’ 

Advanced Asset Management is a 3-hour examination delivered online at approved IAM exam venues. It comprises 70 questions in 7 compulsory modules.

Modules

Number of Questions

M6

 Practice of Asset Management

10

M7

 Asset Management Information & Knowledge

10

M8

 Sustainable Asset Care & Performance

10

M9

 Managing Change in Asset Management Systems and Capabilities

10

M10

 Contractor and Supplier Management

10

M11

 Demand Forecasting and Capital Expenditure Planning

10

M12

 Methods for Realising Whole Life Value from Assets

10

 

To be awarded the Diploma, candidates will need to achieve an overall score of 65% and not less than 50% in each of the modulesShould a candidate achieve an aggregate score of 75%, and have passed all modules at 50% or higher, they will be eligible for the award of a Diploma with Distinction.

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

For the ‘Advanced Asset Management’ examination, there is a provision for a candidate to be eligible for a compensatory pass, provided they have only one module in the range 40-49%.


Preparing for the exam

We suggest that approximately 200 hours of study is needed to prepare for the examination - ‘Advanced Asset Management’, 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 Diploma 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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