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 more advanced than the IAM Certificate, aimed at those with prior knowledge and experience of asset management, typically working in or preparing for specialist or management roles in asset management. 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 Diploma.
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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.
GBP £350
Euro €400
USA $455
All exams are currently available in
- Dutch
- English
- French-Canadian
- Portuguese-Brazilian
- Spanish-Modern
- German
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 Asst 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.
**All Diploma results will be considered for Moderation where a candidate ‘Fails’ very marginally (e.g. by one question in one module. If you think this might apply to you please check with the IAM before resitting exams@theiam.org **
The exam is ‘closed book’, which means that printed reference materials and dictionaries cannot be taken into the examination room.
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.
IAM Endorsed Trainers
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 out moreFurther Information for candidates
Access the IAM Candidate Handbook and Syllabi and find out more about the qualifications process.
If you can’t find what you are looking for – try looking at our Frequently Asked Questions for more information