Asset Management Foundation Award (IAM Foundation Award) | ONLINE

    About this Training Course

    Assetivity offers this training course as an introduction to Asset Management (AM) for anyone wishing to learn the fundamental principles and concepts underpinning world class Asset Management, and the benefits to be accrued from applying these within an Asset-rich organisation. This course aligns with the IAM Foundation Award course (IAM endorsed) and includes the Foundation Award Knowledge Test at the end. Participants will obtain an understanding of the key principles of effective Asset Management in the context of the ISO Standard for Asset Management (ISO 55000). They will also obtain a better understanding of the benefits to be obtained from taking a systematic approach to Asset Management.

    Who Should Attend

    • Managers wishing an overview of the key elements and benefits of effective Asset Management
    • Anyone else requiring an introduction to the key principles underpinning effective Asset Management

    Training Course Duration

    This course consists of 4 x 2-hour live sessions with facilitator, held daily at 1000 to 1200 (AEST) and 1300 to 1500 (AEST) on two consecutive days. Please click here to view the dates that these live sessions are currently scheduled to run. *Note, on the 2nd Feb 2021, the course session times were updated.


    As this course is part of the IAM’s competency framework, each attendee will be formally assessed to measure successful understanding of the concepts and principles discussed in this course. This assessment consists of a formal online knowledge test at the end of the course. Participants who successfully pass the test at the first attempt will be issued a certificate of completion by the IAM.

    Training Course Content

     Introduction and Background

    • Outline the Contents of the Course
    • Introductions to Other Participants and their Roles in AM
    • Explain the Learning Objectives

    Asset Management Concepts and Definitions

    • What is an Asset?
    • What is the Asset Management?
    • What is Value?
    • AM Spans all phases of the Asset Lifecycle
    • Fundamentals of Asset Management

    The Benefits of Asset Management

    • How does Asset Management impact on your organisation?
    • Summary of Asset Management benefits
    • Traditional v ISO 55000 Asset Management
    • Business case for Asset Management

    Scope of Asset Management

    • Strategy and Planning
    • Decision Making
    • Organisation and People
    • Lifecycle Delivery
    • Asset Information
    • Risk & Review

    Good Practice Asset Management

    • Stakeholder Needs and Expectations
    • Asset Management decision making
    • Life Cycle Costing
    • Risk Management
    • Effective monitoring and assurance
    • Organisation and Culture
    • Asset Management Competence

    ISO 55000 – the Asset Management System Standard

    • What is an Asset Management System?
    • The structure of the Standard
      Foundation Documents
    • Objectives, Policies, Strategies and Plans
    • The Asset Management Planning Cycle

    The Asset Management Journey

    • Gap Assessments
    • Developing the AM System
    • Key Resources to Support your Journey

    Training Course Summary


    Training Course Cost

    $975 (ex GST) per person.

    Early Bird Discount = $97.50

    Discounts apply for multiple attendees from the same organisation. Contact us to obtain a price quotation.

    Training Course Dates and Registration

    • Click here to view the currently scheduled dates for this course, and register for one of those courses.
    • This course can be run in-house for your organisation at a time and location that suits you.  This email address is being protected from spambots. You need JavaScript enabled to view it. to obtain more details and a price quotation.

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    Upcoming Training Courses

    Monday, 16 Aug 2021 - Friday, 20 Aug 2021
    Location: Perth

    Monday, 23 Aug 2021 - Friday, 27 Aug 2021
    Location: Perth

    Monday, 23 Aug 2021
    Location: Perth

    Tuesday, 24 Aug 2021 - Wednesday, 25 Aug 2021
    Location: Perth

    Thursday, 26 Aug 2021
    Location: Perth

    Friday, 27 Aug 2021
    Location: Perth

    Monday, 6 Sep 2021 - Friday, 10 Sep 2021
    Location: Sydney