The Institute of Asset Management, known usually as the IAM, is an international, not-for-profit organisation and learned society, currently based in the United Kingdom. It is the professional and membership body both for individuals and also for organisations / companies interested in or engaged in asset management.
Asset Management is a young discipline bringing together concepts and techniques from general management and finance / accountancy as well as engineering, construction and technology. It is concerned with decision making and actions throughout the whole of life of physical assets (tangible assets, including infrastructure / property / manufacturing / etc. and also information in that context). From the first identification of the need for an asset (whether for commerce or private use) decisions are made that affect the cost, use and value of these assets to all concerned. These stages are, typically: design, construction, commissioning, operation or service life, maintenance, repair, renewals and finally decommissioning and disposal.
Read more about Institute Of Asset Management: Purpose & Function, Standards & Publications, Training & Course Providers, Assessment of Organisations
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