Asset Management Foundation Award

Overview

Asset management provides support to business operations. An asset management system is essential as it supports planning, administration, procurement and maintenance.

This course is a introduction to Asset Management , providing learners with understanding of basic theories and languages of asset management. The course also explains the significant benefits gained from an asset management system. It also explains the role of the International Standards for AM (ISO55000).The course describes the basis for adopting an asset management system, what it includes and key requirements for success.

By taking this course, you will begin to understand how asset management affects everyone in the organisation.

Objectives

By the end of the course, you will be able to:

• Understand what asset management is.
• Describe the basic elements of an operational asset management system.
• Understand IS055000.
• Assess challenges linked with an asset management approach, strategy and planning.

Suitability

This course is suitable for construction professionals looking to understand what asset management is, the advantages it offers and how it impacts everyone in the organisation directly or indirectly.

Structure

An online course with interactive eLearning and an assessment.

Contents

• What is asset management
• What are assets, asset systems and asset portfolios
• The value obtainable from assets and their management
• The context, background and purpose of ISO55000, the asset management standard
• The main benefits of asset management and how they apply to different stakeholders
• The importance of consultation, training and communication in the implementation phase
• How to recognise and handle common misunderstanding and resistance
• The IAM knowledge test

Assessment

The course includes the Institute of Asset Management’s knowledge test. Upon achieving the pass mark of 66% or more, learners will be issued with a certificate.