The 2008 IAM Competences Framework: Defining Competence Requirements For People Working in Asset Management

the professional body for
whole life management of physical assets
The Institute of
Asset Management
The 2008 IAM Competences

Framework
Defining Competence Requirements for
People Working in Asset Management
The IAM Competences Framework describes
what people working in asset management
should be able to do and indicates what they
ought to know and understand.
performance relies on optimising the delivery

and performance of physical assets. Its structure
is compatible with that of other leading
competence frameworks and its contents reflect
the principles and support the requirements of
BSI PAS 55:2008.
It is a tool that organizations, managers and

individuals can use in numerous ways including
in training needs analysis, recruitment and
selection, career planning, continuing professional
development and workforce management. It is
the first and only Framework of its kind.
The Framework was first published in 2006. This

comprehensively revised and updated version is
the product of extensive consultations with early
adopters of the first Framework, as well as with
Individual and Corporate Members of the IAM,
educators, trainers and other stakeholders.
The Framework contains a single set of generic

competence requirements which are applicable
to all organizations and sectors where business
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Compatible with other leading

competence frameworks
Enables the design of training
modules within existing academic
courses
Provides the basis for evidence
of competence of staff to assure the
best management and performance
of physical assets
Suitable for all asset-owning
organizations and sectors
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Facilitates provision of evidence

based learning and CPD
Easily customizable to
specific needs
Improves performance management
at individual and team levels
Revised and updated following
extensive consultation with
stakeholders
ew
The
Provides clear definition of the

competences, skills and knowledge
required for effective asset
management
Supports effective recruitment

and selection/assessment
The Framework consists of two documents:

Part 1 sets out Asset Management Competence Requirements
Part 2 contains guidance on how to use the Framework
IAM Competences
Framework
r 20
08
Available for free download at

www.theIAM.org
Design of the 2008 Framework

The Institute of
The structure and format of the 2008 Framework

follows the requirements of the UK Qualifications
Regulators and also reflects lessons learned from
best practice competence management systems in
the safety critical industries.
Underpinning the Framework is an indicative list of

the knowledge and understanding that might be
needed to meet the competence requirements in
each role.
Role 6
Risk Management
& Performance
Improvement
Each unit is then subdivided into a small

set of elements of competence such as
Assess policy options using appropriate
decision criteria and Investigate root
causes of asset or system failures or incidents.
This is the level at which assessment takes place.
Role 1
Policy
Development
Role 7
Asset knowledge
Management
The Framework defines a key purpose for people

working in asset management and the seven roles
needed to achieve this
Each role is broken down into a small number
of competence units, such as Develop the
Asset Management Policy. There are 27
units in total.
Asset Management
Role 5
Asset
Management
Capability
Development
Optimise the
delivery and
performance of
physical assets
Role 2
Strategy
Development
Role 3
Assest Management
Planning
Role 4
Implement Asset
Management Plans
Getting best value from the Framework

Customising the Framework
The 2008 Framework is generic. It describes what
people working in asset management should be
able to do and indicates what they ought to know
and understand. But it does not define how well
they should be able to perform or how this should
be judged.
To adapt the Framework to your specific needs, or
those of your organization, you will need to decide
which of the units are applicable to various roles
within your business. In addition, performance
criteria will need to be developed for each
element and the knowledge and understanding
requirements will also need to be tailored.
Using the Framework

Customised or not, the Framework can be put to
work in numerous ways, including:
Writing or reviewing job descriptions
Planning recruitment
Defining selection criteria
Identifying individual learning and
development needs
Managing individual and team performance
Career planning
Performance review
Part 2 of the Framework contains guidance on how

the Framework can be used to knit together these
and other processes in a systematic approach
to managing the competence of your asset
management workforce.
Download the Framework free or order hard copies
of Parts 1 and 2 of the Framework from the IAM
at www.theIAM.org. Better still, why not apply to
join the IAM and take advantage of networking
opportunities and discounts that exceed the cost
of membership.
Other products and services from

the IAM
The Framework is just one of the valuable tools
provided by the IAM to support the adoption of
asset management best practices. Also available are
BSI PAS 55:2008 - the international reference
standard for optimal management of physical assets
and a systematic PAS55 Assessment Methodology
to enable objective appraisal against the requirement
of PAS55 on a five-level maturity scale.
For more information about these products and other
IAM services, contact us at +44 (0) 8454 560 565
or via our website at www.theIAM.org
designed by www.blahdblah.com 9105
About the IAM:

The Institute of Asset
Management is the independent,
not-for-profit organization for
professionals dedicated to
promoting application, knowledge
and understanding of Asset
Management.
Founded in 1995 (but with
roots back to the early 1970s)
it is a network of professionals
and organizations from all
industry sectors wishing to share
knowledge, experience and
good practice.
The IAM
St Brandons House
29 Great George Street
BRISTOL BS1 5QT
United Kingdom
+44 (0) 8454 560 565
office@theIAM.org
www.theIAM.org

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the professional body for

whole life management of physical assets

The 2008 IAM Competences

performance relies on optimising the delivery

It is a tool that organizations, managers and

The Framework was first published in 2006. This

The Framework contains a single set of generic

Compatible with other leading

Facilitates provision of evidence

Provides clear definition of the

Supports effective recruitment

The Framework consists of two documents:

Available for free download at

Design of the 2008 Framework

The structure and format of the 2008 Framework

Underpinning the Framework is an indicative list of

Each unit is then subdivided into a small

The Framework defines a key purpose for people

Getting best value from the Framework

Using the Framework

Part 2 of the Framework contains guidance on how

Other products and services from

designed by www.blahdblah.com 9105

About the IAM:

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