IAM Qualification Training

As an Institute of Asset Management (IAM) Endorsed Trainer, UMS Group offers customized on-site training for project teams that are seeking IAM Qualifications and for organizations that are pursuing asset management best practices and ISO 55000 certification.

Foundation Award Training

A one-day introductory awareness course that enables individuals across all sectors and departments to support their organization’s asset management activities.

Certificate Training

The IAM Certificate recognizes individual asset management knowledge and understanding of the fundamental principles of asset management. This 3-day training serves as a preparation course to later obtain the IAM Certificate in a two-hour online exam.

Executive Briefings

High level summaries of the key aspects of asset management targeted at the executive management level and focused on the business impacts of asset management practices.

IAM Six Short Course Modules

These training modules are based on identified training requirements related to the IAM Competences Framework and complement the requirements of ISO 55001 and/or BSI PAS 55:2008

Benefits of Our Offering:

Lower cost than off-site individual training sessions

Greater value by focusing content and discussions on your industry and organization

Greater flexibility in scheduling the sessions

Minimal interruption to your business by conducting the sessions on-site or virtually at your location

  • Assurance of alignment with IAM and ISO standards by having an Endorsed Trainer conduct the sessions

Strategic Benefits:

  • Ensures that workforce is aligned around common AM terminologies and best practices as we embark on executing all of the workstreams on the AM Roadmap, including development of the Strategic Asset Management Plan (SAMP)
  • Ensures that your company is building the right competencies that are essential for transforming the company culture to adopt a holistic, systematic asset management approach
  • Provides high value for low cost and is an integral element to your “people strategy”, helping to proactively build an effective asset-management-focused organizational culture

IAM Qualification Training

High-level summaries of the key aspects of asset management targeted at the executive management level and focused on the business impacts of asset management.  Executive briefings typically cover the following topics:

  •  What is asset management?
  • What are the strategic drivers behind asset management?
  • How do utilities derive value from asset management?
  • What is the scope of the asset management discipline?
  • What does best practice asset management look like?
  • What are commonly used systems and technologies?
  • What are the organizational challenges of the asset management journey?

    The Foundation Award training is a one-day introductory awareness course that enables individuals across all sectors and departments to support the organization’s asset management activities. This training provides the level of understanding necessary to enable the asset management activities of the organization and serve as evidence necessary for ISO 55001 certification. The course covers: 

    • Basic asset management concepts, principles, and terminology
    • The breadth of asset management activities
    • Common characteristics of good asset management
    • Some commonly used techniques
    • The types of benefits organizations can realize
    • Potential next steps for organizations who wish to continue with their asset management journey

    The IAM Certificate recognizes individual asset management knowledge and understanding of the fundamental principles of asset management.  To be awarded the IAM Certificate, candidates will need to pass an online exam administered at an independent testing facility.

    The training modules that form the basis for the exam are as follows:

    IAM Qualification
    IAM Certificate

    Title of Examination
    Principles of Asset Management

    Examination Modules
    M1 – Principles of Asset Management
    M2 – Asset Management Policy, Strategy, and Planning
    M3 – Managing Asset Life Cycle Decisions and Activities
    M4 – Assessing and Managing Asset Management Risks
    M5 – Finance and Business Impacts

    Industries

    Electricity

    – Distribution
    – Transmission
    – Generation

    Gas

    – Distribution
    – Transmission
    – Storage

    Water

    – Steam/Chilled
    – Wastewater Production and/or Distribution

    Transport

    – Airports
    – Rail/Metro

    Mining

    Other Industries: Mining

    Frequently Asked Questions

    How is the Asset Management training delivered?

    In response to social distancing, many people have to work from home these days. The upside of this is that you might have less distractions. This means you can use the time to develop your Asset Management capabilities!

    Use this opportunity to learn about Strategic AM best practices via videoconference with our skilled trainers. Optionally, you can then take the IAM Certificate Exam. Even if you choose not to take the exam, after the training you will know how the AM Value Chain should work from a strategic, tactical, and operational perspective.

    How long is the training?

    It varies by the type of training: Executive Briefing and Foundation Award Training are each 1 day. IAM Certification Training is 3 days of training plus the exam. It is recommended that participants take the test soon after the training, so information is fresh in their minds.

    UMS Is an Endorsed Trainer and Assessor:

    IAM ETS Certificate

    IAM EA Certificate

    Training Flyer

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