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Course Details

Build the knowledge to assess asset management systems, identify performance gaps, and recommend improvements aligned with organisational objectives.

Certified Asset Management Assessor (CAMA) training course develops your understanding of asset management principles, ISO 55001 requirements and evidence-based assessment methods.

The programme explores how organisations manage assets throughout their lifecycle while balancing performance, cost and risk. You will examine asset management system models, the Capability Delivery Model and the GFMAM competency specifications relevant to asset management auditors and assessors.

Through practical exercises, case studies and group assessments, you will learn to review asset management practices, evaluate supporting evidence and communicate actionable recommendations.

What You Will Learn

By the end of this course, you will be able to:

  • Explain asset management principles, terminology and lifecycle practices.
  • Connect asset management objectives with organisational strategy.
  • Interpret the principal requirements of ISO 55001.
  • Describe asset management system models and capability requirements.
  • Understand GFMAM competency specifications for auditors and assessors.
  • Review documentation and gather evidence for structured assessments.
  • Identify gaps, risks and opportunities for improvement.
  • Prepare findings and recommendations that support continual improvement.

Who Should Attend?

This course is suitable for professionals involved in managing, maintaining or assessing physical assets, including:

  • Asset managers and asset management specialists.
  • Maintenance and reliability engineers.
  • Operations, facilities and engineering managers.
  • Internal auditors and management system professionals.
  • Risk, compliance and quality professionals.
  • Consultants supporting asset management improvement.
  • Professionals exploring the CAMA certification pathway.

The content is relevant to asset-intensive sectors such as energy, utilities, manufacturing, infrastructure and facilities management.

Course Outline

Apply your learning through practical case studies, gap analysis exercises and a final asset management system assessment.

Module 1: Introduction to Asset Management

  • Asset management concepts, principles and terminology.
  • Asset lifecycle management and organisational value.
  • Differences between asset management, asset care and maintenance.
  • Purpose and structure of asset management systems.
  • Alignment with organisational strategy.
  • Introduction to the ISO 55000 family of standards.

Practical exercise: Connect asset-related decisions with business objectives, performance, risk and cost.

Module 2: The Global Asset Management Landscape

  • Development of modern asset management.
  • International frameworks, standards and guidance.
  • Introduction to the Global Forum on Maintenance and Asset Management (GFMAM).
  • Strategic, tactical and operational asset management.
  • Links between asset management, governance and risk.
  • Common challenges across asset-intensive industries.

Group activity: Map existing asset management practices and identify improvement priorities.

Module 3: Asset Management Strategy and Lifecycle Decisions

  • Asset management policy, strategy, objectives and planning.
  • Lifecycle decision-making and value optimisation.
  • Risk-based asset management and contingency planning.
  • Asset information, data quality and performance measurement.
  • Leadership, organisational culture and stakeholder engagement.
  • Competence development and cross-functional collaboration.

Practical exercise: Prioritise improvement initiatives based on risk, performance, cost and business objectives.

Module 4: Asset Management System Models

  • Key components of an asset management system.
  • Strategic asset management plans and organisational alignment.
  • Governance, accountability and responsibilities.
  • Risk management and operational planning.
  • Monitoring, internal audit and management review.
  • Continual improvement and process integration.

Group exercise: Develop a high-level asset management system model with defined responsibilities and performance indicators.

Module 5: Capability Delivery Model

  • Purpose and application of the Capability Delivery Model.
  • Capabilities required to achieve asset management objectives.
  • Translating strategy into operational delivery.
  • Integration of people, processes, information and technology.
  • Capability gap assessment and resource planning.
  • Prioritising improvements and monitoring implementation.

Practical exercise: Assess organisational capabilities and prepare a prioritised improvement plan.

Module 6: ISO 55001 Requirements and Assessment Fundamentals

  • Structure and purpose of ISO 55001.
  • Organisational context and stakeholder requirements.
  • Leadership, policy and accountability.
  • Planning for risks, opportunities and objectives.
  • Competence, communication and documented information.
  • Operational planning and control.
  • Performance evaluation and internal audit.
  • Nonconformity, corrective action and continual improvement.

Practical exercise: Map sample processes and documented evidence to relevant ISO 55001 requirements.

Module 7: Asset Management Assessment and GFMAM Competencies

  • GFMAM competency specifications for auditors and assessors.
  • Defining assessment scope, objectives, and criteria.
  • Evidence collection and documentation review.
  • Interviewing techniques and stakeholder engagement.
  • Evaluating process effectiveness.
  • Identifying gaps, nonconformities and improvement opportunities.
  • Reporting findings and developing recommendations.

Group exercise: Review a simulated organisation’s documentation and prepare evidence-based assessment findings.

Module 8: Integrated Case Study and Final Assessment

  • Review of asset management principles and system models.
  • Assessment planning and evidence collection.
  • Application of ISO 55001 requirements to an organisational scenario.
  • Evaluation of asset management system effectiveness.
  • Prioritisation of corrective and improvement actions.
  • Preparation and presentation of findings.
  • Post-training knowledge assessment.
  • Discussion of certification preparation and next steps.

Capstone exercise: Conduct a structured assessment of a simulated asset management system and present your recommendations.

Practical Training Approach

The programme combines instructor-led learning with activities that help participants apply the concepts:

  • Scenario-based case studies and group discussions.
  • Asset management system mapping.
  • Capability assessments and gap analysis.
  • ISO 55001 interpretation exercises.
  • Evidence review and assessment reporting.

Knowledge checks and pre-course and post-course assessments.

Practical Learning Deliverables

During the course, participants develop:

  • An asset management objectives alignment exercise.
  • An asset management landscape map.
  • A high-level asset management system model.
  • A capability gap assessment and improvement plan.
  • An ISO 55001 requirements review.

Sample assessment findings and recommendations.

Course Curriculum

Frequently Asked Questions

Answer: CAMA stands for Certified Asset Management Assessor. It is a professional certification associated with asset management knowledge and assessment competence. This training develops knowledge relevant to asset management assessment and the CAMA certification pathway.

Answer: No. Completing the training does not automatically award CAMA certification. Certification is administered separately by World Partners in Asset Management (WPiAM) and is subject to its applicable eligibility and assessment requirements.

Answer: Yes. The course covers the principal requirements of ISO 55001 and includes exercises in reviewing evidence, identifying gaps and evaluating asset management systems.

Answer: No. Maintenance is one part of asset management. This course also covers strategy, governance, lifecycle decisions, risk, information, organisational capability, and performance evaluation.

Answer: Yes. Participants complete case studies, gap analysis exercises, group activities and a final simulated asset management system assessment.