IHEEM has partnered with Asset Wisdom as one of its knowledge partners to deliver this online course ‘Asset Management Foundation Award’.
This course provides you with the basics of Asset Management, as well as concepts, language, and benefits of Asset Management and, potentially, your role within it.
This course provides a great foundation in understanding the basic concepts, language and significant benefits organisations gain from an Asset Management (AM) approach. It also introduces the content and role of the International Standards for AM (ISO 55000).
The Course sets out the basis for adopting an AM approach, what it entails and the key determinants for success.
The Course also enables learners to see how AM involves everyone in the organisation and how their role may be directly or indirectly impacted.
On successful completion of the Course’s three modules and recommended reading, the learner will be fully prepared to take the Institute of Asset Management’s (IAM) Knowledge Test. This is incorporated as the final step and, on achieving a pass marked of 66% or higher, the learner will be issued with the IAM’s Foundation Award certificate.
Step 1: The 3 Modules
Do the 40-60 minute modules using a smart device from wherever you are.
AW001 Introduction to ISO55000 – This module informs learners from a wide range of business sectors about ISO55000, its history, purpose, scope and the benefits available from its application.
To understand the context and background to ISO55000
To understand the purpose of ISO55000 and the scope of its application
To understand the benefit of applying ISO55000 for you and/or your business.
AW002 Introduction to Asset Management – This module provides an introduction to asset management. It highlights the principles, processes and benefits of good asset management, including the need for an asset management system, its main components and how they are applied. The module emphasizes the importance of informed decision-making throughout the life cycle of assets so that they deliver value in a safe, reliable and sustainable way. The value of the international asset management standard – ISO55000 – is highlighted.
What asset management is
What assets, asset systems and asset portfolios are
Value obtainable from assets and their management
The benefits of effective asset management.
AW003 Benefits of Asset Management – This module enables the learner to understand the benefits of a consistent, integrated and whole life cycle approach to asset management. It covers the importance of good communication and how to recognize and handle some of the misunderstandings that are likely during planning and implementation.
The main benefits of an asset management approach
How to relate specific, appropriate benefits to different stakeholders and businesses
The importance and role of communication and consultation in asset management implementation
Recognise and handle some of the common misunderstandings and resistance to change brought about by asset management.
Additional reading – the learner is given automatic access once they have completed the 3 modules above.
Step 2: The Reading Text
The reading will round off and deepen your knowledge.
Some take 60 mins to absorb the material, other take longer and some read more widely.
Step 3: The Institute of Asset Management’s ‘Knowledge Test’
On confirming you’ve completed the reading, you gain access to the IAM’s Knowledge Test. This test is a 20-minute ‘pass or fail’ that requires 66% or higher to pass.
- What Asset Management is
- AM’s basic concepts, principles, and terminology
- AM’s scope, main benefits, and value to different stakeholder
- The emergence of Asset Management as a global standard
- Characteristics of good Asset Management and commonly used techniques
- Common misunderstandings, how to address them, and how to aid the implementation
Once purchased this course you have 1 year to complete it.
Book your place
Please complete the below booking form.
If you have any further questions or queries please don’t hesitate to get in touch with IHEEM Head Office, either email email@example.com or call 02392 823 186.