Date: Q1 2020

Location: Dublin


The IAM Foundation Award is an introduction to asset management awareness training, aimed at individuals new to an asset management role, or in a management role with asset management responsibilities.


Who is the Foundation Award for?

The IAM Foundation Award supports evidence of the staff awareness of asset management necessary for ISO 55001 certification and the building of common purpose and vision within an organisation.

The training is aimed at anyone requiring a basic knowledge of asset management to support their organisation’s asset management activities, who may have little or no prior knowledge of the discipline. The content introduces the learner to the Institute of Asset Management (IAM) competency framework.

Candidates of the Foundation Award may be beginning an asset management career, or may never need to develop their asset management knowledge beyond a basic understanding.

Examples could be individuals:

  • new to asset management roles
  • in roles that support or interact with the organisation’s asset management activities
  • working in the organisation’s supply chain providing clients with asset management services or supporting these services


What does it involve?

The Foundation Award is a one-day training course, completed with a multiple-choice paper based, knowledge test at the end of the day. The training will cover:

  • basic asset management concepts, principles and terminology
  • the breath of asset management activities
  • common characteristics of good asset management
  • some commonly used techniques
  • the types of benefits organisations can realise
  • potential next steps for individuals who wish to continue with their asset management journey
There are no pre-requisites for taking the Foundation Award.
About the Trainer
The Foundation Award is training is carried out by trainers approved by ESS Trainers, who are in turn, certified by the IAM. A full trainer CV is available on request.
For further information and to book, please contact

Engineers Ireland – CPD Credits awarded 

CPD Credit – 3 days CPD   C1