Asset Management – the IAM · 2017. 11. 14. · IAM Qualifications – targets IAM Certificate:...

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Stephen Morris President, IAM Asset Management – the IAM 1

Transcript of Asset Management – the IAM · 2017. 11. 14. · IAM Qualifications – targets IAM Certificate:...

Page 1: Asset Management – the IAM · 2017. 11. 14. · IAM Qualifications – targets IAM Certificate: aimed at those new to Asset Management IAM Diploma: designed to help existing Asset

Stephen Morris President, IAM

Asset Management – the IAM

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Agenda

IAM?

Asset Management Context

Competency & Qualifications What do we mean by competency? IAM initiatives

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The Institute of Asset Management (IAM)

Not for profit, independent learned society The IAM exists to: • Advance for the public benefit the science and practice of

asset management • Promote and recognise high standards of practice and

professional competence • Generate widespread awareness and understanding of the

discipline

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A Global Institute

Individual, Corporate Members & Corporates Source of good practice & cross-industry thinking. Alliancing and collaborating world-wide IAM is part of the Global Forum on Maintenance and Asset

Management IAM Chapters – UK, Malaysia, (Middle East, USA)

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What is Asset Management?

• Asset: “item, thing or entity that has potential or actual value to an organization”

• Asset Management: “coordinated activity of an organization to realize value from assets”

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What is an Asset ?

• Value on a balance sheet

• Listed in a register (asset repository)

• Value depreciation

• Condition deteriorates

• Benefits from stewardship

• ……………………. Data & Information

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Asset Management Terms

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Business Alignment

Alig

nmen

t

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What is BSI PAS 55?

A Publicly Available Specification developed in response to demand from industry for a standard for carrying out asset management

Originally published in April 2004 as BSI PAS 55:2004

Subsequently updated as BSI PAS 55:2008

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What is ISO/PC251?

Tasked with developing 3 International Standards ISO 55000

• Asset management – Overview, principles and terminology

ISO 55001 • Asset management – Management systems -

Requirements ISO 55002

• Asset management – Management systems - Guidelines on the application of ISO 55001

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Importance of Asset function Management of asset systems Focus on the outcome and business context (i.e. CML/CI;

sustainability) Asset Health Health Index Age, condition and risk

Data and information Decision support “Real Time” AM - Static and dynamic data

Growing demand for Knowledge and guidance Demographics and development of competence

AM Challenges

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AM Competency & Qualifications

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Competence

Competence: “The ability to do something successfully or

efficiently”

What people (and organisations) should be able to do, know and understand ……knowledge, attitude and skills

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The Competence Challenge

Maintain current levels of competence

Develop the next generation of asset managers

Assuring the competence of suppliers

Achieving asset management excellence

Capability of an organisation depends on knowledge & competence of employees 4

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The Asset Manager

BusinessManagersLeaders - strategic

Engineers & Technical Specialists

Wide range of specialisms - Mix of strategic & tactical

Operators and MaintainersHighly skilled teams and

individuals-tactical

TimescalePrimary

WorkResponsibility

ShortTermNOW

to3

mths

MediumTerm1mth

to3 yrs

Why

WhatWhen

How

LongTerm2 to 10+ yrs Asset

Manager

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Clear definition of required competences

Supports recruitment, IPD and CPD

Basis for training courses

Free from www.theIAM.org

IAM Competences Framework

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Presenter
Presentation Notes
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Framework’s seven roles

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Presenter
Presentation Notes
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IAM Framework

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IAM - Qualifications and CPD

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Qualifications

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IAM Qualifications – targets

IAM Certificate: aimed at those new to Asset Management

IAM Diploma: designed to help existing Asset Managers

The Diploma forms a natural progression from the Certificate, but the two Qualifications stand alone in their own right.

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General Principles Based on IAM Competences Framework

Mapped to specifications and content of: IAM ‘Asset Management – An Anatomy’ (39 subjects) IAM Knowledge Centre PAS 55 ISO 55000 (emerging specifications)

These are not training courses – “self learn” or ….. Courses designed and delivered by ETPs

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IAM Qualifications - Structure

Examinations: delivered and scored on-line open-book exam at exam sessions at IAM Assessment Centres governed by new independent Examinations Board

Certificate 5 modules

Diploma 14 modules (6 mandatory plus 4)

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Benefits

Individual Evidence of knowledge and understanding Supports CPD Recognised internationally Transportable (career; contracts)

Employers Means of evaluating knowledge, understanding and

competence Apply to employees and supply chain Assist in recruitment and CPD

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IAM Training Courses

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International Standard

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Supporting IPD and CPD

Chartered AM

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www.theIAM.org