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Apprenticeship training course

Asset manager (level 4)

Work in a range of industries that manage physical assets.

Qualification level
4
Equivalent to higher national certificate (HNC).
Typical duration
18 months
Apprenticeship category
Engineering and manufacturing
Maximum funding
£9,000
Maximum amount government will fund
for apprenticeship training.
Also known as
  • Acquistion and disposal manager
  • Asset and insight manager
  • Asset manager
  • Asset resilience manager
  • Assistant asset manager
  • Associate asset manager
  • Infrastructure asset manager
Skills
Skills an apprentice will learn
  • Identify the organisation’s context and constraints that affect asset management.
  • Identify asset service and performance requirements.
  • Estimate and calculate Life Cycle Cost (LCC) or Total Cost of Ownership (TCO) for assets/asset systems.
  • Use techniques to identify interventions for assets/asset system and estimate benefits.
  • Apply multi criteria decision making methods to proposed intervention options.
  • Select and use decision support tools to make asset management recommendations.
  • Develop asset life-cycle plans including performance monitoring and business case.
  • Classify assets, asset systems, life cycle stages and activities.
  • Plan and manage projects.
  • Assess asset health; condition and performance.
  • Select and apply fault finding technique(s) to identify causes and effects of assets/asset system failures.
  • Apply continuous improvement techniques.
  • Assess and quantify asset, asset system and asset management activity-related risks; identify mitigation options.
  • Comply with legislation, asset management standards and company policies.
  • Use information technology systems and processes: for example, asset registers, work management systems, word processing, spreadsheets, email, presentation.
  • Collate and analyse asset/asset system data and information.
  • Interpret and present data - qualitative and/or quantitative.
  • Communicate with colleagues and stakeholders – verbal, written and presentation.

Full information on Asset manager (level 4) is available from the Institute for Apprenticeships and Technical Education.

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