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Latest News

World’s first recognized CAMA training course

CAMA (Certified Asset Management Assessor) training course.

The Institute of Quality Asset Management ( is pleased to announce that its training course Assess Others in an Asset Management Environment has just been recognized by the WPiAM as addressing all the required competencies for CAMA certification.

This is the first training course in the world to achieve this recognition and further builds on the course’s credibility through its Australian Government accreditation as a unit of competency. (see )

The official statement from WPiAM states:

The World Partners in Asset Management recognizes “Assess Others in an Asset Managed Environment” owned by the Institute of Quality Asset Management Pty Ltd as providing course content that addresses the competencies specified in ISBN978 0 9871799 5 1 GFMAM ISO55001 Auditor Assessor Specification

About the WPiAM

The WpiAM (World Partners in Asset Management) is a joint venture of national non-profit professional associations, including ABRAMAN (Brazil), AM Council (Australia), IFRAMI (France), PEMAC (Canada) and SMRP (USA) and was established to develop, assess and recognize competence in Asset Management. The WPiAM is supported in its endeavours by the Japanese Association of Asset Management and the Gulf Society of Maintenance and Reliability Professionals.

About CAMA

For individuals, obtaining the CAMA certification establishes their credentials in asset management knowledge and comprehension, globally.

Organisations are able to determine the competence and experience of personnel, whether they are part of an audit team, or helping to implement and assess asset management systems. Certification also meets the requirements for the Joint Australian and New Zealand Asset Management Systems Scheme (AMS Scheme): “Requirements for bodies providing audit and certification of Asset Management Systems”, April 2015.

About the CAMA training course

The Assess Others in an Asset Management Environment course is run over three days, with participants undertaking the CAMA exam on the afternoon of the third day. For full details on the course content, go to

Who is IQAM?

IQAM is an Australian Registered Training Organisation expressly set up to support, train and mentor its clients in the practice of Asset Management. It provides a vertically integrated suite of competency based training programs and workshops in Asset Management from basic awareness to a Graduate Diploma in Asset Management.

All IQAM’s facilitators are qualified and practicing asset managers and trainers.

As well as offering training services, IQAM provides ISO55001 and asset management assurance and assessment and supported the first Accredited Certification to ISO 55001 in Australia.

How to contact us to express interest or enquire about other training or assistance options

Phone:      +61 3 5266 1487

Unique Student Identifier

From 1 January 2015 if you are undertaking nationally recognised training you will need to have a Unique Student Identifier (USI).

This includes all students who are continuing a course they started prior to 2015.

Before creating your own USI students should review the Fact Sheet: Student Information for the Unique Student Identifier
The fact sheet and further information is available at the USI website.

Please follow the link to create your USI.

ISO55001 Awareness Training

One of the biggest problems in Asset Management (AM) is the lack of understanding of what it actually involves and what the impacts might be of doing it well, or poorly.

ISO55001 requires ‘Persons doing work under the organisation’s control, who can have an impact on the achievement of the asset management objectives’ to be: aware of the organisation’s AM policy; their contribution to the effectiveness of AM; relevant risks; and the implications of them not fulfilling their obligations in meeting the requirements of the AM System.

Many organisations adopt a tick box approach to increasing ‘awareness’ in their personnel, there is quite often no objective set for awareness raising initiatives other than ‘compliance’. IQ-AM believes that the purpose of engendering awareness is to achieve a change in behaviour, i.e. that people need to actually go through a process of assessing and testing what they do, and could do differently, based on enhanced knowledge. We have therefore developed a suite of awareness training programs based on vocational (or competency) based training principles. The different programs are targeted at the different levels and types of responsibilities within an organisation, while retaining a common vertically and horizontally integrated vision of AM. Please have a look at our Awareness Training overview pdf download for more information, email us, or give us a call on +61 3 5266 1487.