Asset Management Certificate Training


The course provides grounding in the principles and practice of Asset Management. The content is aligned to PAS 55 and to the Institute of Asset Management (IAM) competency framework, with a view to preparing students to pass the IAM Certificate in Asset Management examination.
The course is sub-divided into 5 modules:
C1 Introduction
C2 Asset-Related Risk
C3 Asset Lifecycle Management
C4 Asset Information
C5 Financial and business impact
The importance of the integration of asset care into the broader business vision and strategy of the organisation is stressed throughout.
The course is delivered through 5 days of interactive classroom teaching, including reinforcing exercises and tests, supported by workplace assignments and directed reading.

Scope Introduction

  • The nature of assets and asset management
  • The business context: line of sight from asset care to organisation mission
  • Asset policy, strategy, objectives and plans
  • Optimising performance cost and risk

Asset-related Risk

  • Risk identification
  • Risk analysis
  • Risk control
  • Risk register and management
  • Contingency planning
  • Integration with non-asset risk processes

Scope Asset Lifecycle Management

  • Creating a lifecycle management plan
  • Acquisition/creation of new assets
  • Operation and maintenance of asset
  • Modify/improve assets
  • End of asset life options and replacements
  • Cross-disciplinary collaboration
  • Asset lifecycles within asset systems

Asset Information

  • Stakeholders
  • Information needed - data information
  • Static and dynamic, transactional and non-transaction information
  • Gathering information
  • Analysis and use of information
  • Data uncertainty
  • Key Performance Indicators
  • Information management systems
  • Knowledge management
Financial and Business Impact
  • Business drivers
  • Risk as a probabilistic cash flow
  • Quantifying business value including intangibles
  • Lifecycle costs
  • Investment comparison techniques
  • Making a business case


  • 5 days classroom teaching (usually 2 days + 1 day + 2 days at intervals to allow completion of assignments and to suit the client organisations).
  • 56 hours of workplace-based assignments.
  • Final on-line IAM examination test.
  • Participants may progress to take the IAM Certificate examination by arrangement with the IAM.

Learning outcomes 

(n.b. The IAM competency references addressed are attached as an appendix)

At the end of this course the participant will be able to:
  • Contribute to the generation and implementation of AM policy, strategy, objectives and plans.
  • Participate in asset-related risk identification, analysis and management processes and contingency planning.
  • Understand the asset lifecycle and the role of appropriate tools to optimise the performance,risk and cost of assets.
  • Identify the information and performance measures needed for effective asset management, and evaluate the effectiveness of asset information systems.
  • Understand the financial implications of asset and asset management decisions for the organisation, and translate technical issues into business implications.
  • Organisation, and translate technical issues into business implications.

Benefits to participants

The participant will develop a business-centred appreciation of Asset Management, and will be better able to influence decisions which have AM implications.
The course is deliberately cross-disciplinary, and should help to foster effective team-working and break down disciplinary silos.
The participant will be equipped to pass the IAM Certificate Examination.

Target Participants

Participants from organisations where the reliability, performance and attendant risks of fixed assets have a significant impact on business performance will benefit most from this course.
Typical job roles include:
  • Engineering and technical managers
  • Project managers and engineers
  • Operations managers and staff
  • Maintenance managers and staff
  • Facilities Managers
  • EHS & quality managers and staff
  • Procurement and supply chain
  • IT & HR

Pre-requisites and possible further training

The only pre-requisite is to have read the AM Anatomy document which will be issued at the start of the course. Successful participants may choose to go on to the IAM Diploma in Asset Management in due course.

Trainer Profiles

Ian Young TWPL (The Woodhouse Partnership Ltd.) 

Ian is a professional engineer skilled with 30+ years experience in process improvement, problem solving and developing innovative engineering solutions.  Very strong in people development through training and education, a motivator of teams utilising trust and business standards.  He is financially aware with a track record of continuously delivering efficiency gains. 
Since becoming a consultant with The Woodhouse Partnership Ltd, Ian has provided asset management and engineering services advising on asset management and maintenance optimisation to clients in the food, pharmaceuticals, and chemical industries, as well as bespoke engineering solutions to environmental compliance problems.

Richard Blackman TWPL (The Woodhouse Partnership Ltd.) 

Richard is a chartered engineering consultant with a wealth of maintenance engineering and operational experience gained over 15 years, along with 10 years in the pharmaceuticals industry. Richard is commercially aware and results driven with strong facilitator, trainer and planning capabilities. He has delivered a broad range of services encompassing equipment reliability improvement and maintenance strategy development, and engineering maintenance manager roles, including aspects of building services and facilities management.
Recent experience has been the initiation and management of an asset care programme involving the creation of reliability block diagrams, system and asset criticality analysis, FMECA studies and the production of optimised maintenance plans. This has been followed by providing the support and guidance on the effective implementation of the maintenance plan. Richard also provides training for condition monitoring, reliability and maintainability, continuous improvement strategies and implementation programmes.

Appendix: IAM Competencies addressed by the course

ID Description (Click here for full Appendix)