Institute of Asset Management (IAM) Certificate Training

Certified Process Safety Professional (CPSP) Examination Preparation Hand Holding course.
  • Online (Microsoft Teams)
  • +971 562069465
  • $799.00
  • Velosi is conducting Institute of Asset Management (IAM) Certificate Training.

    Organizations rely on physical assets to deliver products and services and create value to its customers and other stakeholders. Managing assets so they can provide products and services now, and into the future, is a core part of asset management. Asset management is about extracting value more than what is done to the assets. It is about using assets to deliver value and achieve the organization’s business objectives.

    Asset management is a cross-functional discipline and to be successful, it requires the active participation of many individuals within an organization and its supply chain. It requires the understanding and support of internal and external stakeholders, such as shareholders and regulators, who may wish to exert influence.

    Certificate in Asset Management (IAM Certificate) is aimed at individuals who are new to asset management or want to understand the fundamental principles. This course will equip the individuals with the foundational knowledge and skills necessary to contribute effectively to asset management practices within organizations across various industries.  It covers topics such as asset management concepts, lifecycle management, risk management, and strategies for effective asset management.  Successful completion of the IAM Certificate demonstrates a basic level of competence in the field of asset management.

  • By the end of this course, participants should be able to:

    • Learn the fundamental principles of asset management, which will enable them to appear for this introductory qualification in Asset Management.
    • Understanding the value of asset management.
    • Understanding the asset management framework.
    • Understanding asset lifecycle management.
    • Understanding risk management.
    • Understanding performance management.
  • Training will be conducted via Microsoft Team Meeting. Meeting invites will be shared one day before the first day of training. 

    Face-to-face training is available as per request.

    • 5 Days
    • Presentation Slides
    • Training Recordings
    • Study References


    • Every day Mock examination (MCQ + descriptive) based on CCPS examination structure.
    • Off the training work on some topic every day.

    Open book topic or Other courses to attend:

    • Chemical Safety.
    • Relief system.
    • Ventilation system
    • Dust explosion.
    • Quantitative Risk Analysis.
    • Basic overview of damage mechanism and inspection technique.
    • Safety integrity level.
    • Purging process.
  • A certificate will be issued upon successful completion of training.

  • This course is appropriate for a wide range of professionals but not limited to:

    • Asset Managers
    • Maintenance and Operations Managers
    • Engineering and Technical Professionals
    • Project Managers
    • Risk and Compliance Professionals
    • Finance and Investment Professionals
    • Supply Chain and Procurement Professionals
    • Business Leaders and Executives
    • Consultants and Advisors
  • CRM Examination: Principles of Asset Management

    The Principles of Asset Management is a 2-hour invigilated exam delivered online at approved IAM exam venues. It comprises 60 multiple-choice questions over 5 compulsory modules:


    No. of Questions

    M1   Principles of Asset Management


    M2   Asset Management Policy, Strategy & Planning


    M3   Managing Asset Life Cycle Decisions and Activities


    M4   Assessing and Managing Asset Management Risks


    M5   Finance and Business Impact


    To be awarded the IAM Certificate, candidates will need to achieve an overall score of 65%, with a score of not less than 50% in each of the five modules.

    The exam is ‘closed book’, which means that printed reference materials and dictionaries cannot be taken into the examination room.


    Exam Application Link

how can we help you?

Contact us at the Velosi office nearest to you or submit a business inquiry online.


Fees + VAT as applicable

Tax Registration Number: 100442245500003

(including coffee breaks and a buffet lunch daily)

Course Outline

  • Principles of Asset Management

    • Asset Management
    • Asset Management policies, strategies and plans
    • Business impact, Investment and Whole life costing
    • Operation, maintenance, repair and disposal of assets
    • Contractor & Supplier management
    • Asset Lifecycle & decision making
    • Risk Management
    • Information needs and Systems
  • Asset Management Policy, Strategy and Planning

    • Policy Requirements and alignment of policy
    • Key contents, information requirement, development and roles & responsibilities
    • Strategic requirements, Alignment of strategy with policy & objectives and consideration of risk and other socio economic factors.
    • Planning to implement AM strategy, performance requirements, demand, criticality and risk analysis.
    • Whole life costing, CAPEX and OPEX forecasting.
    • AM plan, implementation, review and improvement.
    • Communicating AM plan, establishing activities and resource requirement.
  • Managing Asset Life cycle decisions and activities

    • Asset Life cycle decision making
    • Analysing business needs, assessing cost, benefits and risk , business case.
    • Review and influence procurement policy and methods.
    • Design specifications for optimum vale creation.
    • Maintenance and spare parts strategy, condition assessment and life extension.
    • Renewal, rationalization and disposal of assets.
    • Operation strategy, work plans and work management.
  • Assessing and managing Asset Management risks

    • Assessment and management of risks.
    • Contingency planning
    • Asset Management Review and audit.
  • Financial and Business Impact

    • Strategic requirements.
    • Investment decision making
    • Asset Management Planning
    • Business case

Past Trainings

From To Status Type
Upcoming Training
October 21, 2023 November 18, 2023 Completed Training
October 1, 2022 October 22, 2022 Completed Training