Foundation Award

The IAM Foundation Award is an introductory asset management awareness training.


Who is the Foundation Award for?

The 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. 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

There are no pre-requisites for taking the Foundation Award.



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



Taking the Foundation Award

The Foundation Award is training is carried out by IAM Endorsed Trainers, who are appointed all around the world. The format of the training day and the course fees will therefore vary depending on which Endorsed Trainer you choose to take the Foundation Award with. If you are interested in completing a Foundation Award training day, you will need to arrange this directly with your chosen training provider.

The IAM Endorsed Trainers listed below are endorsed to deliver the Foundation Award.

  organisation Head Office contact
St George's House
5 St. George's Road
London SW19 4DR

0141 248 0318

  Assetivity Australia
PO Box 31
WA 6100

+61 8 9474 4044

  Asset Management Academy UK
221 St Johns Street
London EC1V 4LY

+44 (0) 7758 857 867

  Asset Wisdom Ltd UK
Commer House
Station Road
North Yorkshire
LS24 9JF

+44 (0) 7775942775


  Black & Veatch

60 High Street
Surrey RH1 1SH

+44(0)1737 856272

  Cardno Holdings Pty Ltd Australia
Level 11, Green Square North Tower
515 St Pauls terrace
Fortitude Valley
QLD 4006


  EA Technology Ltd UK
Capenhurst Technology Park

+44 (0) 151 347 2281

  Planifika Canada
633 Rue Saint-Joseph Est
Bureau 400
Québec QC G1K 3B8


  Sweco UK Ltd

Grove House
Mansion Gate Drive
​Leeds LS7 4DN

+44 (0) 20 3002 1210

  UMS Group Inc The Netherlands
Joop Geesinkweg 901-999
1090 GA Amsterdam


Deliver the Foundation Award

If your organisation is a training provider, or you wish to include the Foundation Award in your company’s induction programme or graduate scheme, find out more about how to apply, or contact us at

How to apply