This introductory qualification recognises individual asset management knowledge and understanding. It certifies your understanding of the fundamental principles of asset management.
Who is the IAM Certificate for?
Whilst there are no entry requirements for the Qualifications (nor do you need to be a member of the IAM), the IAM Certificate is aimed at those new to asset management or with some initial experience of working in an asset management role. Equally, you may have worked in asset management for a while and wish to embark on discipline relevant qualifications. You will first need to pass the IAM Certificate before taking the IAM Diploma.
How much does it cost?
The qualification fee covers the registration process and provides entry to sit the examination once. If a candidate opts to re-sit the examination, the same fee applies to register and sit the exam again.
If you opt to take a training course for your IAM Qualification, or your qualification is being organised by your employers, check with your selected training provider or organsiation whether the exam fee is included in the training package before paying for an exam yourself.
|Paying IAM Members||£110 / US$140 |
|Non-members ||£130 / US$170|
Register for the IAM Certificate
The examination: "Principles of Asset Management"
The Principles of Asset Management is a 2-hour invigilated exam delivered online at approved IAM exam venues. It comprises 60 multiple-choice questions over 5 compulsory modules:
No. of Questions
M1 Principles of Asset Management
M2 Asset Management Policy, Strategy & Planning
M3 Managing Asset Life Cycle Decisions and Activities
M4 Assessing and Managing Asset Management Risks
M5 Finance and Business Impact
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.
A full breakdown of each module and the structure of the examination is available in the Syllabi document.
Consult the syllabus
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 your prior knowledge and experience. IAM Endorsed Trainers can offer support with training in line with the IAM Certificate syllabus.
Find IAM Endorsed Training Providers near you