Asset Management skills are among the most valuable that you can develop in any career. They are highly transferable and bridge the gap between technical/functional responsibilities and organization/business management. A good Asset Manager can be described as a ‘specialist generalist’ – someone who understands, and can harness, a broad range of concepts, practices, and capabilities, retaining a clear vision of what is worthwhile and why. This involves leadership skills, communication skills, and strategic thinking, as well as the more technical aspects of risk management, life cycle costing, optimal decision-making, information management, change management, performance monitoring, and continual improvement practices.
A good place to start in your learning journey is a Foundation-level training course. This introduces core concepts and the variety of Asset Management subjects in which more specific skills and understanding are needed. Thereafter, we offer a multi-step professional development pathway via Certificate, Diploma, and Masterclass qualifications, with formal recognition via the IAM Qualifications and/or WPiAM examinations. These training options, available as classroom courses, virtual (remote) training programs, e-learning courses, and personal/group coaching options, can all be found at our extensive Asset Management Academy.
For the development of organization-wide competencies, we recommend a systematic initial assessment of current capabilities, to ensure that existing skills are recognized and built upon. Our approach incorporates the IAM Competence Framework for Asset Management (which we helped to develop). This is a structured coverage of the 7 key roles in asset management, at different levels of responsibility, and 28 competency areas, with 128 skills and knowledge elements, that need to be considered for their criticality and value. Building an effective transformation program then involves a blended learning approach, using a mix of education, skills training, coaching, and culture change. This is an area where The Woodhouse Partnership is uniquely experienced and effective. For more information on such options, contact us.