IAM foundation

IAM Foundation Asset Management

1 day
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2027 Schedule

  • 9th March
  • 6th July
  • 2nd November

Location: On-line

Overview

The IAM Foundation in Asset Management is an ideal starting point for anyone looking to build a clear understanding of asset management and its role in organisational success.

This one-day introductory course introduces the core principles, terminology and benefits of asset management, providing delegates with an understanding of how effective asset management supports better business performance, informed decision-making and long-term value.

Aligned with the Institute of Asset Management (IAM) Foundation syllabus and ISO 55000, the course prepares delegates to complete the IAM Foundation Knowledge Test and provides a strong platform for further professional development.

Participant Profile

This course is ideal for:

  • Anyone new to Asset Management.
  • Engineers, maintenance and reliability professionals who want to understand the fundamentals.
  • Professionals supporting asset management activities across operations, engineering, finance or procurement.
  • Graduates and new entrants to asset-intensive industries.
  • Anyone considering progressing to the IAM Certificate in Asset Management.

 

Your IAM Learning Pathway

Foundation (1 Day)

Learn the fundamentals of Asset Management and complete the IAM Foundation Knowledge Test.

⬇️

Certificate (4 Days)

Develop practical knowledge across Modules 1 to 5 and prepare for the IAM Certificate examination.

⬇️

Diploma (5 Days)

Progress through Modules 6 to 12 and prepare for the IAM Diploma qualification.

Asset Management Fundamentals

  • The scope of good practice Asset Management.
  • The IAM Conceptual Asset Management Model.
  • Why Asset Management is about delivering organisational value, not just managing assets.

Core Asset Management Topics

  • Strategy and Planning
  • Asset Management Decision Making
  • Asset Lifecycle Delivery: Acquire, Operate, Maintain and Dispose
  • Asset Information
  • Organisation and People
  • Risk, Assurance and Review
  • What good Asset Management looks like in practice

Practical Techniques

During the course, delegates will explore practical tools and techniques, including:

  • Stakeholder Management: Identifying stakeholders, understanding their requirements and recognising how they influence Asset Management activities.
  • Strategic Alignment: Aligning Asset Management policies, strategies (SAMP), plans and lifecycle activities with organisational objectives.
  • Risk Management: Applying ISO 55000 and ISO 31000 principles, understanding criticality, using risk matrices and implementing effective risk management processes.
  • Whole Life Decision-Making: Understanding lifecycle costs and making informed decisions throughout the life of an asset.
  • Performance Monitoring and Assurance: Monitoring asset condition, measuring performance and auditing Asset Management activities.
  • Collaboration and Team Working: Understanding the importance of cross-functional collaboration in successful Asset Management.
  • ISO 55000: An introduction to the international standard for Asset Management and the benefits of adopting best practice.

The Asset Management Journey

The course also explores:

  • The organisational Asset Management journey and where to begin.
  • Assessing Asset Management capability.
  • Developing Asset Management competence using the IAM Competences Framework.
  • Building your own professional Asset Management knowledge.
  • IAM resources that support both individuals and organisations.

IAM Foundation Knowledge Test

Following successful completion of the course, delegates are eligible to sit the Institute of Asset Management (IAM) Foundation Knowledge Test.

The Knowledge Test is an online, pass or fail assessment. A minimum score of 66% is required to achieve the IAM Foundation Award Certificate.

 

  • One-day introduction to Asset Management.
  • Aligned with the IAM Foundation syllabus and ISO 55000.
  • No previous Asset Management experience required.
  • Gain a practical understanding of Asset Management principles and terminology.
  • Learn how Asset Management supports organisational performance.
  • Prepare for the IAM Foundation Knowledge Test.
  • An ideal first step towards the IAM Certificate and Diploma qualifications.

Candidates can move on to take theIAM Certificate in Asset Management 

Event Details

Day 1: February 28, 2025
Start time: 00:00 IST
End time: 00:00 IST

Day 2: March 09, 2027
Start time: 00:00 IST
End time: 00:00 IST

Day 3: July 06, 2027
Start time: 00:00 IST
End time: 00:00 IST

Day 4: November 02, 2027
Start time: 00:00 IST
End time: 00:00 IST

Venue: Celbridge

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