Institute of Asset Management
{{Short description|U.K. based organization}}
{{For|the AQR Institute of Asset Management at London Business School|London Business School}}
{{primary sources|date=May 2020}}
{{Infobox organization
| name = Institute of Asset Management
| image =
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| abbreviation = IAM
| formation = {{start date |2004}}
| extinction =
| type = Professional association
| status =
| purpose = Asset management
| location_city = 29 Great George Street, Bristol
| location_country = United Kingdom
| coords = {{coord |51|27|11|N|2|36|17|W|type:landmark_region:GB-WSM|display=inline,title}}
| region_served = Worldwide
| membership =
| language =
| leader_title = Chief Executive
| leader_name = Kirsten Bodley
| main_organ =
| parent_organization =
| affiliations =
| num_staff =
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| website = {{URL|www.theiam.org}}
}}
The Institute of Asset Management (IAM) is a UK-based not-for-profit professional body for those involved in asset management industry including acquisition, operation and care of physical assets, especially critical infrastructure.{{Cite web|url=https://theiam.org/|title=IAM - Home|website=theiam.org}} It was instrumental in the development of the international standard ISO 55000 for asset management.{{Cite web |title=Data-Driven Asset Management Can Transform Ports Into Smart Ports |url=https://maritime-executive.com/editorials/data-driven-asset-management-can-transform-ports-into-smart-ports |access-date=2023-04-17 |website=The Maritime Executive |language=en}}
History
The IAM was incorporated on 26 February 2004.Companies Houses information, retrieved: 20 February 2015.{{Cite web |title=THE INSTITUTE OF ASSET MANAGEMENT overview - Find and update company information - GOV.UK |url=https://find-and-update.company-information.service.gov.uk/company/05056259 |access-date=2023-04-17 |website=find-and-update.company-information.service.gov.uk |language=en}} It led the production that year of the initial draft document PAS 55, its substantial revision to develop PAS 55:2008 (released in Dec 2008),[https://theiam.org/knowledge/What-PAS-55 BSI PAS 55:2008] {{Webarchive|url=https://web.archive.org/web/20150220131021/https://theiam.org/knowledge/What-PAS-55 |date=2015-02-20 }}, Institute of Asset Management. Retrieved 20 February 2015.{{cite news|last1=Poland|first1=Mike|title=Get to know the PAS 55 asset management standard|url=http://www.reliableplant.com/Read/27550/PAS-asset-management-standard|accessdate=20 February 2015|work=Reliable Plant|date=2010}} and contributed to ISO Project Committee 251 between 2010 and 2013 before three international standards (55000/1/2) were launched in London on 5 February 2014.[https://theiam.org/knowledge/What-ISO-55000 What is ISO 55000?] {{Webarchive|url=https://web.archive.org/web/20150220130932/https://theiam.org/knowledge/What-ISO-55000 |date=2015-02-20 }}. Institute of Asset Management. Retrieved: 20 February 2015.Water World (13 May 2014) [http://www.waterworld.com/articles/2014/05/new-global-iso-55000-standards-for-asset-management-released.html New global ISO 55000 standards for asset management released]. Retrieved: 20 February 2015. Babcock International and Scottish Water were the first two companies to be independently certified by BSI to the new asset management systems standard ISO 55001.{{cite news|last1=Tinham|first1=Brian|title=First two achieve ISO 55001 asset management certification|url=http://www.plantengineer.org.uk/plant-engineer-news/first-two-achieve-iso-55001-asset-management-certification/59059/|accessdate=20 February 2015|work=Plant Engineer|date=23 January 2014}}
Function
The IAM aims to advance the science and practice of asset management, by promoting and enabling the generation and application of knowledge, training and good practice, and help individuals become demonstrably competent.[https://theiam.org/about-us/our-mission IAM Mission] {{Webarchive|url=https://web.archive.org/web/20150220164507/https://theiam.org/about-us/our-mission |date=2015-02-20 }}. Retrieved: 20 February 2015 The Institute developed endorsement schemes for recommending competent assessors and training providers.[https://web.archive.org/web/20150220130558/https://theiam.org/knowledge/ISO55000-Auditor-Assessor-Specification ISO55000 Auditor Assessor Specification]. Institute of Asset Management. Retrieved: 20 February 2015.
In 2012, the IAM launched the IAM Certificate and IAM Diploma international qualifications.{{Cite web|url=https://theiam.org/professional-development/qualifications/|title=IAM - Qualifications|website=theiam.org}} The qualifications were updated in 2019 to meet UK qualifications standards and launched a digital certificate in partnership with Acclaim.{{Cite web|url=https://www.am-academy.com/iam-certificate-digital-badge-with-acclaim/|title=IAM Certificate digital badge with Acclaim|date=May 4, 2020}}
Membership grades
Membership grade is dependent on the individual member's experience and / or formal qualification, whilst a Corporate Membership is also available.{{cite web|url=https://theiam.org/join/Individual-Membership|title=Individual Membership|publisher=theIAM|website=Institute of Asset Management|accessdate=8 May 2017|archive-date=10 February 2017|archive-url=https://web.archive.org/web/20170210014702/https://theiam.org/join/Individual-Membership|url-status=dead}}{{Cite web|url=https://theiam.org/membership/join-now/|title=IAM - Join Now|website=theiam.org}}
- Registrant Member (Free)
- Associate Member
- Member (awarded the post-nominal letters MIAM)
- Fellow (awarded the post-nominal letters FIAM)
References
{{Reflist}}
External links
- [https://theiam.org/ IAM]
- [http://www.am-academy.com/ Asset Management Academy]
{{Authority control}}
Category:Organisations based in Bristol
Category:Trade associations based in the United Kingdom