- Provides an introduction to the IAM’s Certificate and Diploma Qualifications, and how they relate to the IAM’s two formal examinations, ‘Principles of Asset Management’ and ‘Advanced Asset Management’
- Identifies benefits of the qualifications to employees and employers
- Provides links to related webpages to enable you to further explore aspects of the Qualifications and to help you through the processes of enrolling and sitting an examination.
Introduction to the IAM’s Qualifications:
The IAM qualifications are designed to promote good practice asset management concepts and practices, establish asset management career paths and make recruitment for, and appointment to, asset management roles more efficient and effective.
The IAM Certificate and Diploma are NOT training courses. There is, however, training available which is aligned to the syllabuses for the Qualifications.
The qualifications are relevant for those people who may:
- Want to extend their knowledge, understanding and / or practice of asset management for career reasons.
- Have gained experience in asset management, and want their knowledge, understanding and practice formally recognized through the IAM’s prescribed qualifications structure.
IAM Certificate: This is concerned with the fundamental principles of asset management. It is more relevant for 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. The IAM Certificate is directly linked to the IAM Competences Framework, and addresses the requirements of the GFMAM document ‘Competency Specification for an ISO 55001 Asset Management Auditor and Assessor’. To be awarded the Certificate, candidates must successfully pass the examination ‘Principles of Asset Management’, which comprises the 5 modules identified in the table below.
IAM Diploma: This 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. It is aimed primarily at those with prior knowledge and experience of asset management, typically holding or preparing for specialist or management roles in this area. To be awarded the Diploma, candidates must successfully pass 2 examinations: ‘Principles of Asset Management’ (5 modules) and ‘Advanced Asset Management’ (7 modules). The table below identifies the 12 modules for the 2 examinations.
￼Both exams are ‘closed book’, which means that printed reference materials and dictionaries cannot be taken into the examination room.
Benefits of the Qualifications for Employees:
Achieving the IAM Certificate or IAM Diploma will be evidence of your knowledge and understanding of asset management as measured against the IAM Competences Framework and recognized national and international standards.
The IAM Certificate and IAM Diploma are directly related to the requirements of the workplace and will draw upon your knowledge and experience of the holistic aspects of asset management as well as your work in your chosen area of interest.
The IAM Certificate and IAM Diploma are designed as part of a progression route for professional development, intended for those relatively new to the discipline as well as those with greater experience.
Benefits of the Qualifications for Employers:
The IAM’s Qualifications offer employers the means by which they can evaluate and certify the knowledge, understanding and experience of asset management of their workforce. Such evidence is also becoming increasingly required in supply-chain management, where contractors must show that they have appropriately qualified personnel.
Enrolling staff for the examinations provides an opportunity to evaluate individual training needs and structure the provision training.
Using the specifications for the Qualifications can help with the development of staff career progression and promotion. Recruiting can be facilitated by using attainment of the relevant Qualification as part of the selection criteria for new staff.
Preparing for a Qualification
Typically, individuals will first Enrol for a Qualification; then complete a programme of training and development; and finally Book an Exam Session. Candidates or their employers will be responsible for arranging any training they consider necessary as preparation for the examination.
To find out more about aspects of the IAM’s Qualifications, or to enrol for one of our Qualifications, please use the links below, or the menu options on the left hand side of this page: