The Asset Manager apprenticeship gives learners the skills required to work in a range of industries that manage physical assets. Physical assets are defined as an entity that has value to a business, such as buildings, bridges, digital hardware, rail track, or retail space. Asset Managers help to ensure physical assets are managed in a way to achieve the organisation’s objectives and provide an appropriate level of service. They assess the performance, condition, risk of failure, root cause of failure, and consequence of failure of physical assets, asset systems and the service they provide.
Maximum funding (the maximum amount government will fund for apprenticeship training): £9,000
Apprenticeships are funded either via your apprenticeship levy (if your organisation has an annual PAYE bill of over £3m) or via the Education and Skills Funding Agency (who provide 95-100% funding depending on the size of your business).
The employer sets the entry requirements for the programme, but apprentices will need to achieve Level 2 English and Maths (GCSE or equivalent at grade 4/C+) before taking their end-point assessment.
Apprentices will develop the knowledge, skills and behaviours necessary to become ‘Occupationally Competent’ in the role. The main themes of what they will learn include:
- Asset management standards
- Asset management systems
- Classification approaches
- Service and performance requirements
- Asset costing and validation techniques
- Cost benefit analysis
- Asset life cycle activities
- Project, resource and time management
- Risk assessment
- Data analysis, interpretation, and presentation
Apprentices completing the apprenticeship will also:
- Gain their English and Maths at Level 2 (if they don’t already hold them).
- Be eligible for the following professional recognition:
- Associate for The Institute of Asset Management