AM Foundations

Asset Management Foundations


Build your asset management knowledge to realise value from your assets.



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What is Asset Management Foundations?

The Asset Management Foundations course is a self-paced online course, featuring 4 modules that are designed to build capacity for any asset intensive organisation while increasing your own understanding of the asset management discipline.

The key objectives of the course are to define what asset management is and understand why it is important.

The Asset Management Foundations course will:

  • Define what Asset Management is and why it is important.
  • Explain the difference between Asset Management and Managing Assets.
  • Outline the Asset Management System.
  • Summarise the key considerations for good Asset Management.
  • Identify and explain the factors for success including alignment with the financial planning and reporting task.
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Study Mode

4 Online Modules

Duration

4 weeks

CPD

25 hours

Fees

Member Price: $1,100 + GST
Non-Member Price: $1,300 + GST

REGISTRATIONS NOW OPEN

Australian and International Course


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Course Commences
15 August 2022

REGISTER HERE
View key course dates and times

REGISTRATIONS NOW OPEN

Australian and International Course


Online icon

Course Commences
13 March 2023

REGISTER HERE
View key course dates and times

Course Details

Course Overview

IPWEA believes that with an increasing focus on the value for money proposition in response to changing circumstances while managing risk and resilience of existing infrastructure, there is a growing need for all asset intensive organisations to address the issue of long-term sustainable service delivery.

Join our subject matter experts and fellow learners for this four-week online course. Designed to accommodate your busy schedule, the Asset Management Foundations course will:

  • Define what Asset Management is and why it is important,
  • Explain the difference between Asset Management and Managing Assets
  • Outline the Asset Management System,
  • Summarise the key considerations for good Asset Management, and
  • Identify and explain the factors for success including alignment with the financial planning and reporting task.

Utilising two globally recognised publications:

  • International Standards (ISO55000), and
  • International Infrastructure Management Manual (IIMM)
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Modules

The course features 4 online modules, over 4 weeks. Modules progressively open each Monday at 9AM.

Course 2022

Description

Module Open
Australasia

Every Monday

Live Q&A
Australasia

Every Friday

Module 1 - Introduction

15 Aug

19 Aug
10AM (AEDT)

Module 2 - The Asset Management System

22 Aug

26 Aug
10AM (AEDT)

Module 3 - Key Considerations

29 Aug

2 Sep
10AM (AEDT)

Module 4 - Factors for Success

5 Sep

9 Sep
10AM (AEST)

Course 2023

Description

Module Open
Australasia

Every Monday

Live Q&A
Australasia

Every Friday

Module 1 - Introduction

13 Mar

17 Mar
10AM (AEDT)

Module 2 - The Asset Management System

20 Mar

24 Mar
10AM (AEDT)

Module 3 - Key Considerations

27 Apr

31 Mar
10AM (AEST)

Module 4 - Factors for Success

3 Apr

6 Apr
10AM (AEST)

Live Q&A Sessions

Optional Live Q&A webinar sessions scheduled 10am each Friday. These provide an opportunity to ask questions and discuss aspects of Asset Management with the course mentors and your peers. These sessions are recorded and are available where scheduled times not suitable (Europe, other).

Fees

IPWEA member: AU$1,100 + GST
Non-member: AU$1,300 + GST

Save up to $200/pp when you register for this course as an IPWEA member.

Group discounts available

Group discounts are available to organisations who register:

  • 3-5 people (15% discount)
  • 6+ pp (20% discount)

*need to be registered at the same time and from the same organisation.

Please email full participants details of group (name, position, email, contact details, phone) to: admin@ipwea.org

Course Objectives + Outcomes

Course Objectives:

  • Define what Asset Management is and why it is important
  • Explain the difference between Asset Management and Managing Assets
  • Outline the Asset Management System
  • Summarise the key considerations for good Asset Management
  • Identify and explain the factors for success including alignment with the financial planning and reporting task
amf objectives

Course Outputs:

  • Successful completion of the course - "Asset Management Foundations“.
  • After each of the four Modules, you will be asked to complete a short assessment task designed to consolidate your learning.

Testimonials

We spoke to AM Foundations alumni Brett Oldland about his experience with the first course, and here's what he had to say:

"Having undertaken many trades roles throughout my career in Parks and Open Space operations I had been looking for something with more of a holistic approach to the way we manage these spaces.

A chance secondment as ‘Assets Technical Officer, Parks and Open Space’ opened a new world of opportunity and I enthusiastically enrolled and undertook the IPWEA Asset Planning Professional Certificate.

However, having a technical horticultural background I found it challenging to link my existing knowledge to what I learned in the Professional Certificate.

The IPWEA Foundations course has helped me bridge my knowledge gap of the fundamentals and consolidate my understanding of AM principles and I am better able to articulate what this means in my workplace.

I only wish the IPWEA Foundations course had been available earlier. I look forward to applying what I have learned. I would recommend this course to anyone new to Asset Management or seeking to break into this as a career path, and also encourage anyone in an operational role to undertake this course in order to develop their knowledge on how an organisation can realise value from their assets."

Brett Oldland, Principal Consultant, Colour Me Green Horticulture

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Delivery

Course Format

Asset Management Foundations is a self-paced online course delivered via our online learning platform.

  • Each of the four modules requires you to work through the online materials each week, comprising assessment activities and reading excerpts from the International Standards and IIMM publications.
  • You can also attend an (optional) 45-minute * online session held each Friday, where key concepts will be covered, and you’ll have the opportunity for Q&A with our IPWEA subject matter experts.
  • After each of the four Modules, you will be asked to complete a short assessment task designed to consolidate your learning.

*The live webinars will be recorded for those who are unable to attend.

Online Program



This is a 100% online program, which gives you the flexibility to adapt your training to your professional and personal needs. You will be guided throughout the program by a personal learning mentor who will help you with activities.

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Mentors

Your mentors fast-track student’s learning, through the sharing of their experiences and insights. Your mentors track your progress, provide feedback and carefully assess your draft Asset Management Plan.

Steve Verity
Principal Advisor - Asset Mgt, IPWEA

Steve is a fellow member of the IPWEA and has over 25 years’ experience in infrastructure management across the public and private sectors. Steve has a strong appreciation in the importance of applying robust planning and risk management frameworks to ensure the necessary funds are available to deliver projects and programs at the agreed level of service. Steve brings a depth and breadth of expertise to the team and willingness to share experiences with those who wish to develop their skills and knowledge.

Jacqui Hansen
Principal Advisor - Asset Mgt, IPWEA

Jacqui Hansen is a consulting civil engineer with 25 years’ experience in local government. She specialises in Asset Management and for 15 years has provided consulting services to local government, helping Councils to improve asset management practices and develop meaningful asset management plans. Her focus has always been the needs of regional, rural and remote communities. She brings her real-life experiences to the team.

Who Should Enrol

The course is targeted at those managing public infrastructure assets such as road and transport networks, water, sewer and drainage networks, parks and recreation facilities, community facilities and buildings and other community assets.

Therefore, any professional with an interest in progressing their career in this rapidly evolving field, including:

  • asset managers
  • accountants / finance staff
  • technical officers
  • administrative staff
  • community planners
  • IT staff
  • senior management
  • staff service providers
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Resources

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Recommended Text

The 6th Edition of the globally acclaimed, International Infrastructure Management Manual (IIMM) has been driven largely by the updates to the ISO 55000 Asset Management Standards. Recognising that the ISO Standards are very much the “What to do”, the IIMM provides the “How to do it” in terms of applying the standards for infrastructure asset management. The Manual provides valuable learnings for those who have a vital stewardship role in managing the investment in infrastructure on behalf of their community, customers or investors.

FIND OUT MORE

CPD + Certification

CPD Points

On average, each module will take approximately 2-3 hours to complete the mandatory learning activities.

An optional 45 minute live Q&A session is scheduled each module, providing an opportunity for you to ask questions and discuss key concepts of asset management with a mentor.

Total estimated 25 hours.
Eligible for CPD by Engineers Australia (EA) in accordance with EA Guidelines.

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Credly Badge

Showcase your IPWEA Education Pathway achievements with a Digital Badge.

IPWEA has partnered with Credly to provide a convenient way for you to showcase your professional accomplishments. Upon course completion, you will now receive a ‘digital badge’ to recognise your achievements. A digital badge is easily shared online, data rich and verified. It is the ideal way to showcase your achievement.

IPWEA Digital Badges recognise the knowledge and skill gained via our courses in a way that is shareable with your network. We’ll be introducing the following badges for our four current pathway courses.

More IPWEA Pathway Courses

Event #1

Asset Management Foundations

Monday 15th August, 9:00am AEDT

CPD 25 hours
Online


Find Out More ➔
Event #2

Professional Certificate in Asset Management Planning

Monday 22nd August, 9:00am AEST

CPD approx. 50-60 hours
Online

Find Out More ➔
Event #3

Professional Certificate in Infrastructure Financial Management

Monday 29th August, 9:00am AEST

CPD approx. 30-40 hours
Online

Find Out More ➔