IAM - Institute of Asset Management (2024)

This introductory qualification recognises individual asset management knowledge and understanding. It certifies your understanding of the fundamental principles of asset management.

Who is the IAM Certificate for?

The IAM Certificate is aimed at those new to asset management or with some initial experience of working in an asset management role. Equally, you may have worked in asset management for a while and wish to embark on discipline relevant qualifications. There are no entry requirements for the qualification and it is not essential to be an IAM member, however, registration with the IAM is required. Please ensure you are logged in before applying for the IAM Certificate.

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IAM - Institute of Asset Management (1)

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How much does it cost?

Qualification fees coverthe registration process and provide entry to sit the examination once. If a candidate opts to re-sit the examination, the same fee applies toregister and sit the exam again.

If you opt to take a training course for your IAM Qualification, or your qualification is being organised by your employers, check with your selected training provider or organisationwhether the exam fee is included in the training packagebefore paying for an exam yourself.

GBP £250

Euro €290

USA $325


All exams are currently available in

  • Dutch
  • English
  • French-Canadian
  • Portuguese-Brazilian
  • Spanish-Modern
  • German

The examination:"Principles of Asset Management"

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

MODULES

NO. OF QUESTIONS

M1 Principles of Asset Management

20

M2 Asset Management Policy, Strategy & Planning

10

M3 Managing Asset Life Cycle Decisions and Activities

10

M4 Assessing and Managing Asset Management Risks

10

M5 Finance and Business Impact

10

To be awarded the IAM Certificate, candidates will need to achievean 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.

We suggest that approximately 150 hours of study is needed to prepare for the ‘Principles of Asset Management’ exam, depending on your prior knowledge and experience.

IAM Endorsed Training

IAM Endorsed Trainers can offer support with training in line with the IAM Certificate syllabus.

Find out more

Further Information for candidates

Access the IAM Candidate Handbook and Syllabi and find out more about the qualifications process.

Find out more

If you can’t find what you are looking for – try looking at our Frequently Asked Questions for more information


IAM - Institute of Asset Management (2024)

FAQs

What is IAM asset management? ›

Infrastructure asset management (IAM) is an integrated, multidisciplinary asset management system for sustaining public infrastructure systems through their entire lifecycles, from design to decommissioning or disposal) of critical infrastructure and physical assets.

What is the IAM qualification? ›

IAM Certificate

An introductory qualification aimed at those who are new to the discipline of asset management or who have some initial experience and would like to gain a formal asset management qualification.

What is an IAM degree? ›

This introductory qualification recognises individual asset management knowledge and understanding. It certifies your understanding of the fundamental principles of asset management.

How do I get an IAM certificate? ›

To be awarded the IAM Certificate, you 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 available to purchase separately (IAM 2021 fees: GBP £250, Euro €290, USD $325). Exam fees provide entry to sit the examination once.

What does the IAM stand for? ›

Identity and Access Management (IAM) is a security and business discipline that includes multiple technologies and business processes to help the right people or machines to access the right assets at the right time for the right reasons, while keeping unauthorized access and fraud at bay.

What does IAM do? ›

Identity and access management (IAM) is the cybersecurity discipline that deals with how users access digital resources and what they can do with those resources. IAM systems keep hackers out while ensuring that each individual user has the exact permissions they need to do their jobs and not more than that.

How much is an IAM course? ›

The Advanced Driver Course costs £200, which for our course of 12 observed drives plus two theory sessions is around £14 per session – incredible value for money, especially when compared against the average cost of a driving lesson. Your course fee includes: Observed drives with an IAM RoadSmart IMI qualified Observer.

Is IAM a good job? ›

Choosing a career as an Identity and Access Management (IAM) specialist can be a highly rewarding path. IAM specialists play a pivotal role in ensuring the security, compliance, and efficiency of an organization's digital resources.

How long does IT take to get IAM certification? ›

We recommend approximately 150 hours of self-study for the Certificate and 200 hours for the Diploma. IAM Endorsed Training Providers If you prefer to undertake formal training before sitting your exam, we recommend that you contact one of our IAM Endorsed Trainers.

How do IAM credentials work? ›

As an IAM user, provide your account ID or alias, and then your user name and password. To authenticate workloads from the API or AWS CLI, you might use temporary credentials through being assigned a role or you might use long-term credentials by providing your access key and secret key.

What is an IAM certificate? ›

The Institute of Asset Management Certificate (IAM Cert) is concerned with knowledge and comprehension of Asset Management principles, practices and the business benefits these can deliver.

What is ITAM certification? ›

IT asset management (ITAM) is a process by which organizations are able to create plans and best practices for managing their assets related to information technology. An IT asset may involve hardware, software, and information that the organization uses on the network.

What is the IAM motorcycle test? ›

During the test the Examiner will follow you on their motorcycle over a route chosen by the Examiner. This route will be over a variety all road types town, country, main and motorway if nearby. During the run your riding will be assessed to ensure that you have correct control of your machine at all times.

Is IAM Identity Center free? ›

IAM Identity Center is offered at no additional charge. With IAM Identity Center, you can create or connect workforce users and centrally manage their access across all their AWS accounts and applications. You can use multi-account permissions to assign your workforce users access to AWS accounts.

What is an example of IAM? ›

Examples of IAM
  • User Authentication with Multi-Factor Authentication (MFA) Tools. After a user signs in using their login credentials, an MFA tool requests a second form of validation to confirm the user's identity. ...
  • Access Provisioning and Deprovisioning. ...
  • User Monitoring to Ensure Appropriate Access.
Aug 11, 2023

What is the difference between identity management and IAM? ›

With identity management, a company manages a user profile based on the user's attributes. And, with access management, the decision to authorize or access the resources is provided. Identity and access management (IAM) altogether control and monitor all authorization, authentication, and control access.

Why do companies need IAM? ›

Protect Sensitive Data and Resources One of the primary reasons businesses need IAM is to protect sensitive data and resources from unauthorized access.

Why is IAM so important? ›

Improves Data Security

IAM is a critical cybersecurity function that organizes all sizes of privileged access management. It boosts security and provides greater control of user access to your system.

References

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