The successful training providers were required to show not only that they have qualified and experienced trainers but also, critically, that their training courses are aligned to PAS55, the British Standards Institution’s specification for optimized management of physical assets; and the Institute’s own Competences Framework, a unified suite of workplace competence standards.

As David McKeown, Chief Executive of the Institute of Asset Management, explains, “we were anxious to ensure that the training provision is linked with these two sets of specifications which provide clear guidance on good practice in asset management. The successful training providers were able to do just that.”
The successful IAM-endorsed trainers are:

  • AIM-UWA Business School Alliance (Australia)
  • AMCL (UK)
  • Assetivity (Australia)
  • ESS Ltd (UK)
  • Gutteridge, Haskins & Davey Ltd (GHD) UK
  • I.E.S. Asset Management BV (Holland)
  • GP Allied (USA)
  • MCP Consulting and Training (UK)
  • The Woodhouse Partnership Ltd (UK)
  • EA Technology (UK)

David McKeown commented that announcement of the first group of endorsed trainers “represents achievement of a significant milestone for the Institute, as part of its ambitious plans to provide a range of services and products to help meet the need for qualified, competent staff at all levels in all areas of physical asset management”.
However, the IAM is anxious to emphasise that appointment of this first group of successful training providers represents the start of a programme to encourage others to seek endorsed status. “We hope that this group will be the first of many training organisations that will be able to show that they can meet our criteria”, says David McKeown. “We want to establish a substantial international network of endorsed trainers, with provision developed to meet the demands of what is increasingly a truly global business”.


The Institute of Asset Management is the professional body for those involved in acquisition, operation and care of physical assets, particularly critical infrastructure - and particularly for professionals worldwide dedicated to furthering our knowledge and understanding of Asset Management.
The IAM’s activities focus on delivering its key objectives, namely:

  • Advancing the science and practice of Asset Management
  • Promoting and recognising high standards of practice and professional competence
  • Generating widespread awareness and understanding of the asset management discipline

The IAM undertakes specialised projects to generate material that will help IAM members and others to improve their management of assets - and gain the benefits that follow. These projects are led by IAM teams that often incorporate external partners.

IAM Competences Framework

The Competences Framework is the cornerstone of the Institute’s education and professional development programme. This framework describes the skill sets of individuals within an organisation demonstrating good asset management practices, particularly when compliant with PAS55.


BSI PAS 55:2008 is the British Standards Institution’s (BSI) Publicly Available Specification for the optimized management of physical assets - it provides clear definitions and a 28-point requirements specification for establishing and verifying a joined-up, optimized and whole-life management system for all types of physical assets.
Now internationally recognized, PAS55 is proving to be an essential, objective definition of what is required to demonstrate competence, establish improvement priorities and make better, clearer connections between strategic organizational plans and the actual day-to-day work and asset realities.

The Institute of Asset Management

Upcoming Events

August 9 - August 11 2022

MaximoWorld 2022

View all Events
80% of newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
“Steel-ing” Reliability in Alabama

A joint venture between two of the world’s largest steel companies inspired innovative approaches to maintenance reliability that incorporate the tools, technology and techniques of today. This article takes you on their journey.

Three Things You Need to Know About Capital Project Prioritization

“Why do you think these two projects rank so much higher in this method than the first method?” the facilitator asked the director of reliability.

What Is Industrial Maintenance as a Service?

Industrial maintenance as a service (#imaas) transfers the digital and/or manual management of maintenance and industrial operations from machine users to machine manufacturers (OEMs), while improving it considerably.

Three Things You Need to Know About Criticality Analysis

When it comes to criticality analysis, there are three key factors must be emphasized.

Turning the Oil Tanker

This article highlights the hidden trap of performance management systems.

Optimizing Value From Physical Assets

There are ever-increasing opportunities to create new and sustainable value in asset-intensive organizations through enhanced use of technology.

Conducting Asset Criticality Assessment for Better Maintenance Strategy and Techniques

Conducting an asset criticality assessment (ACA) is the first step in maintaining the assets properly. This article addresses the best maintenance strategy for assets by using ACA techniques.

Harmonizing PMs

Maintenance reliability is, of course, an essential part of any successful business that wants to remain successful. It includes the three PMs: predictive, preventive and proactive maintenance.

How an Edge IoT Platform Increases Efficiency, Availability and Productivity

Within four years, more than 30 per cent of businesses and organizations will include edge computing in their cloud deployments to address bandwidth bottlenecks, reduce latency, and process data for decision support in real-time.

MaximoWorld 2022

The world's largest conference for IBM Maximo users, IBM Executives, IBM Maximo Partners and Services with Uptime Elements Reliability Framework and Asset Management System is being held Aug 8-11, 2022