The Institute of Asset Management

The IAM Asset Management Excellence Awards 2024 are open for submissions! These awards are an opportunity for you to showcase the excellent work you're doing, wherever you are and in whichever industry sector you operate. By submitting your leading examples of good asset management practice, it's a chance for you to celebrate successes and share them with a wider network across the professional landscape.   The categories are: - McKeown Award for Individual Achievement - Eason Award for Digital Innovation - NxtGen Award - Corporate / Organization Transformation Award - Team Achievement Award   You can find out more about the categories in our Award Categories Booklet: https://lnkd.in/eWi_GJMY Please note: A number of our chapters are also holding awards this year. Where a chapter award category is the same as a global awards category, the chapter award winner will automatically be shortlisted for the global awards. We look forward to receiving your submissions! Make your submission here: https://lnkd.in/e7KAwNQf #TheIAM #AssetManagement #ExcellenceAwards #Submissions   

Upcoming webinar: 11/11/2024 Register today for an insightful webinar featuring Carl Waring presenting ‘Asset Management Readiness Framework for the Circular Economy’. Learn more and book your place: https://lnkd.in/eHn5C6KZ IAM webinars are free to individual paying members of the IAM. Non-members can pay to attend the webinar or join as a member, attend for free, and enjoy all the additional benefits of becoming a member. Become a member today - https://lnkd.in/eqnAUqvU If you are interested in giving a webinar to a global community of asset management professionals, please provide an abstract. Submit your abstract - https://lnkd.in/efMKc6QT #TheIAM #AssetManagement #Webinar #OnlineLearning #Knowledge #CircularEconomy

In this article from the latest edition of Assets magazine Jodie Williamson explains more about how the IAM is shaping career pathways for asset management. See below for a preview. Read the full article here: https://lnkd.in/ewQUw8hC #TheIAM #AssetManagement #AssetsMagazine #Competence #Knowledge

Book now for a development workshop: 'Climate Risks Assessment for Infrastructure and Facilities', in partnership with Dr. Guy FÉLIO P.Eng. FellowCSCE FellowIAM IRP. The course will be delivered online across 3 half days at 14:00-18:00 BST on 25th, 26th & 28th November 2024. This professional development course is designed to help practitioners evaluate the risks associated with extreme weather events and the uncertainties of future climate conditions for both built and natural assets. Participants can expect to gain the following: - Principles of Climate Risk Assessments: Learn the foundational principles of assessing climate risks within the context of life-cycle analysis for the built environment. - Historical and Future Climate Trends: Enhance your knowledge of past climate trends and future climate projections, including their limitations, data availability, and application in risk assessments. - Risk Management Principles: Develop a better understanding of risk management methodologies as they relate specifically to climate risks. - Tools and Standards: Acquire knowledge of various tools, guidelines, and standards that are pertinent to conducting climate risk assessments for infrastructure and facilities. Secure your place today: https://lnkd.in/dqGiSjUP #TheIAM #AssetManagement #ProfessionalDevelopment #OnlineLearning #Workshop

In a recent post on the discussion forum, Ursula Bryan asks, 'Is asset management a life skill? Please share your thoughts and comments and join the discussion today: https://lnkd.in/eXacA4ad #TheIAM #AssetManagement #Discussion #GetInvolved #LifeSkills

The Shutdown and Outages Strategy and Management SSG can be found under 'Strategy and Planning' in the 10-box model. https://lnkd.in/egsitHzc This SSG has been developed in recognition that the most significant cost across the life cycle of an asset occurs through the maintain and operate phase. This is a disruptive but business-critical activity and can significantly impact finances, business reputation, shareholder, and stakeholder value. The SSG focuses on the outage strategy and its management, establishing key phases across the life cycle, defining core elements and competencies, and highlighting leading practices and tools to manage through the phases. Managing and measuring performance is important to support a culture of continuous improvement, and indicative KPIs are highlighted. Developing a shutdown/outage strategy will provide a plan of action to determine how it is planned, managed, and executed throughout the phases. It also provides the opportunity to examine current capabilities versus what is needed to meet overall business goals. The SSG also provides detailed guidance on how to optimize and define the shutdown/outage interval and work scope leverage advancements in technology to: - access and process large amounts of data - make improved decisions - have greater visibility of performance - digitize activities - manage and control work more efficiently and safely at a reduced cost. The SSG is complemented by real-life case studies, which identify a methodology with logical steps to optimize a shutdown/outage. With thanks to the sponsor of this publication National Grid. #TheIAM #AssetManagement #LifeCycle #SubjectSpecificGuidance #OutageStrategy

IAM and IFRAMI Announce Renewal of Agreement to Share Member Benefits The Institute of Asset Management (IAM), the international professional body for asset management professionals, and the IFRAMI - Institut Français d'Asset Management Industriel et d'Infrastructures (IFRAMI), the French Institute for Industrial and Infrastructure Asset Management, are delighted to announce the renewal of an agreement that allows IFRAMI and IAM members to access member-only benefits across both societies. The agreement was signed at the CIFRAMI 2024 conference in Paris in October 2024. The renewed agreement allows members of IAM and IFRAMI to take full advantage of exclusive member benefits across both organizations. The benefits include access to knowledge resources, webinars, and events such as the IAM Global Conference, the IAM Chapter Conferences and the CIFRAMI Annual Conference. Ursula Bryan, IAM CEO, said, “The IAM is delighted to have renewed the Memorandum of Understanding (MoU) with IFRAMI. This agreement provides members of both our institutes with access to a wider set of world-class resources to support their asset management journeys. We also look forward to collaborating with IFRAMI on future opportunities to enhance the value to both sets of members and wider society.” Edmea Adell, president of IFRAMI, said, «We are highly motivated to cultivate knowledge sharing, feedback, and asset management approaches between our respective members. This will allow a greater maturity in the asset management projects of our respective members as well as a sharing of results and benefits that may be different by sector and type of activity" The shared membership benefits between IAM and IFRAMI are available immediately. For IAM members please contact office@theIAM.org to learn how to access the IFRAMI member benefits. For IFRAMI members please contact info@iframi.fr to learn how to access the IAM member benefits. #TheIAM #AssetManagement #Collaboration #Partnership #SharedMemberBenefits

Upcoming webinar: 28/11/2024 Register today for an insightful webinar featuring Ssanyu Kaganzi presenting ‘Workforce Development in Physical Asset Management: The relevance of the IAM Edwards Bursary to the promotion of the Asset Management Discipline’. Learn more and book your place: https://lnkd.in/gKVQ44px IAM webinars are free to individual paying members of the IAM. Non-members can pay to attend the webinar or join as a member, attend for free, and enjoy all the additional benefits of becoming a member. Become a member today - https://lnkd.in/eqnAUqvU If you are interested in giving a webinar to a global community of asset management professionals, please provide an abstract. Submit your abstract - https://lnkd.in/efMKc6QT #TheIAM #AssetManagement #Webinar #OnlineLearning #Knowledge #PhysicalAssetManagement #EdwardsBursary

The first four digital asset management use cases have been developed to show how advances in digital technologies, data and analytics are helping organizations in addressing typical asset management challenges. These are one-page overviews that are designed to help asset management practitioners understand the steps they need to take to digitally transform their approach. These include: - a summary of the fundamental asset information you need - ‘no regrets’ activities you can undertake to start taking a more data-driven approach - ‘game changer’ technologies and techniques, plus potential barriers you may face on the way Please find the first four of these one-page overviews below: - UC1 - Customer Service and Demand Forecasting – https://lnkd.in/eFHmHXfU - UC2 - Asset Investment Planning – https://lnkd.in/eM9u2Eid - UC3 - Asset Life Cycle Decision Support Tools – https://lnkd.in/e8FkwnqZ - UC4 - Predict and Prevent Service Disruption – https://lnkd.in/eZyvC5Jh #TheIAM #AssetManagement #Digital #UseCase #Knowledge

Celebrating 30 years of the Institute of Asset Management As part of our thirtieth-anniversary celebrations, the IAM partnered with ITN Business to produce a video celebrating our achievements over the past 30 years and looking to the future. ITN Business’ Shannon Fairchild, who was involved in the production, said: “I’ve been fortunate enough to work across the trilogy of programmes we have produced in partnership with the IAM over recent years. Helping them celebrate their impressive 30 years of professionalising Asset Management is not only a natural extension of that collaborative relationship, it is also a real privilege.” You can take a look at the video below. To access more celebratory content: https://lnkd.in/eYa93VBM #TheIAM #AssetManagement #theIAMat30 #IAM30 #Celebrate