IAM Diploma

The IAM Diploma is a more advanced qualification which focuses on breadth and depth of knowledge and understanding, along with the application of professional judgment in practice. The Diploma is currently the highest-level qualification awarded by the IAM. 

Who is the IAM Diploma for?

The Diploma is a more advanced qualification aimed at those with prior knowledge and experience of asset management, typically working in or preparing for specialist or management roles in asset management.

How much does it cost?

The qualification fee covers the registration process and provides entry to sit the examination once. If a candidate opts to re-sit the examination, the same fee applies to register 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 organsiation whether the exam fee is included in the training package before paying for an exam yourself. 

PLEASE NOTE: At the end of June 2019 the IAM will be partnering with Pearson Vue to deliver it's examinations. Vouchers for exams after June 24th will be available shortly, please bear with us during this transition. If you have any questions please contact the exams team at exams@theIAM.org'. 

 

 
 

 

The examination: ‘Advanced Asset Management’ 

Advanced Asset Management is a 3-hour invigilated examination delivered online at approved IAM exam venues. It comprises 70 multiple choice questions over 12 compulsory modules:

Modules

No. of Questions

M1

Principles of Asset Management

15

M2

Asset Management Policy, Strategy & Planning

5

M3

Managing Asset Life Cycle Decisions and Activities

5

M4

Assessing and Managing Asset Management Risks

5

M5

Finance and Business Impact

5

M6

Practice of Asset Management

5

M7

Asset Management Information & Knowledge

5

M8

Sustainable Asset Care & Performance

5

M9

Managing Change in Asset Management Systems and Capabilities

5

M10

Contractor and Supplier Management

5

M11

Demand Forecasting and Capital Expenditure planning

5

M12

Methods for realising Whole life Value from Assets

5

To be awarded the Diploma, candidates will need to achieve an overall score of 65% and not less than 50% in each of the modules. 

Candidates achieving an aggregate score of 75%, having passed all modules at 50% or higher, will be  awarded a Diploma with Distinction.

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


A full breakdown of each module and the structure of the examination is available in the Syllabi document.

Consult the syllabus

Preparing for the exam

We suggest that approximately 200 hours of study is needed to prepare for the Advanced Asset Management examination, depending on your prior knowledge and experience. If, after consulting the syllabus, you feel that training would be beneficial to your exam preparation, IAM Endorsed Trainers can offer support with training in line with the IAM Diploma syllabus.

Find IAM Endorsed Training Providers near you