Self Study

Guidance

It is important to know that whilst many good training courses are available it is also very much possible for an experienced asset manager to prepare themselves for an IAM exam. This page is to provide guidance on the syllabi and reference materials available and to provide every opportunity for those wishing to self-study.

It is also important to note that since June 2019 it is no longer a requirement to complete and pass the Certificate before attempting the Diploma. This is beneficial from both a cost and a study time aspect. 

Full details and syllabi for both are contained within the IAM Certificate and Diploma pages with an overview below. 

Along with the recommended reading below there are several other IAM publications and Subject Specific Guidelines (SSG's) that can be found in our shop for download

Your journey starts here...

Your journey starts here...

Certificate: "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:

MODULES

NO. 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

 

IAM Qualifications Candidate Handbook

The handbook provides more detailed information on registering as a candidate, learning resources, training courses, booking an exam, exam regulations and what happens after an exam - whether you are successful or unsuccessful.

Download the Candidate Handbook

IAM Qualifications Syllabi

This document details the scope of the individual topics which comprise the examination modules, and how the exams are assessed. It is important that prospective candidates understand the scope of the modules to determine the preparation required.

Download the Examinations Syllabi 

Diploma: "Advanced Asset Management’"

Advanced Asset Management is a 3-hour invigilated exam delivered online at approved IAM exam venues. It comprises 70 multiple choice questions over 12 compulsory modules:

MODULES

NO. OF QUESTIONS

M1

Principles of Asset Management

15

M2

Asset Management Policy, Strategy & Planning

5

M3

Managing Asset Life Cycle Decisions and Activities

5

M4

Assessing and Managing Asst Management Risks

5

M5

Finance and Business Impact

5

M6

Practice of Asset Management

5

M7

Asset Management Information & Knowledge

5

M8

Sustainable Asset Care & Performance

5

M9

Managing change in Asset Management Systems and Capabilities

5

M10

Contractor and Supplier Management

5

M11

Demand Forecasting and Capital Expenditure planning

5

M12

Methods for realising Whole life Value from Assets

5

 

 

 

 

Reading list and useful information

The following reading list is the minimum expected for self-study in preparation for both sets of examinations.
It is strongly recommended that potential Diploma candidates extend their reading beyond this list.

Asset Management – an Anatomy (free for subscribing members)

The IAM Competences Framework Parts 1 and 2

The Asset Management Landscape, Version 2, The Global Forum on Maintenance and Asset Management
(GFMAM), March 2014 

The GFMAM Competency Specification for an ISO 55001 Asset Management System Auditor / Assessor, 1st

Edition, Version 2, GFMAM, April 2014 

ISO55000 series 


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