Do you enjoy the responsibility of working within a fast-paced and organised environment to help businesses achieve their goals? Then continue reading about our Level 4 Asset Manager Apprenticeship, an exciting opportunity to learn transferable skills which could take you into unlimited industries.
How To Get Into Asset Management
This engineering apprenticeship teaches multiple transferable skills for you to exceed within an Asset Management role in whichever industry you choose, this can include energy and utilities, manufacturing, mining, petrochemicals, architecture and transport. Responsible for assets from buildings to reservoirs the role can take you in whichever avenue interests you most. After completing this apprenticeship you could find yourself in a role such as an Asset Resilience Manager, Infrastructure Asset Manager or Associate Asset Manager with salaries starting at £40,000!
So what do you need to apply for this Level 4 Asset Manager Apprenticeship? Aside from an enthusiasm to learn this qualification requires Level 2 English and Maths prior to completing the end-point assessment, this can therefore be done alongside the apprenticeship if needed. In addition, for those with an education, health and care plan or legacy statement it is a requirement to have achieved Entry Level 3 in English and Maths. If you have any questions or concerns about how to acquire these please contact us here.
What Is Asset Management?
Asset Management involves the assessment of physical assets within an organisation to ensure they meet the company’s objectives and give peak performance. A key role is to propose investment opportunities when needed and to manage this implementation. This role is vital within the company, responsible for adhering to all legal regulations while collaborating with internal and external stakeholders.
What Duties Will I Be Doing?
As an Asset Manager Apprentice you will be given the responsibility to lead several exciting projects, liaising with your team and ensuring the work is following best practice.
Some of your duties could include the following:
- Contribute to the development of asset strategies to meet organisational goals.
- Inform the information management approach, specifications and rules.
- Collate, process and evaluate data and information for assets and asset systems.
- Conduct assessments of asset systems. Identify current and future risk of the asset and consequential service failure.
- Analyse the root cause of asset failure and the impact upon service.
- Identify intervention and mitigation options for the failure of assets.
- Prioritise the asset needs.
- Develop business cases to address investment needs.
In order to succeed within this apprenticeship you must therefore bring an abundance of organisation, prioritisation, interpretation and communication skills. If you are a self-motivated, ambitious individual then this is the apprenticeship for you.
What Will I Learn Through My Level 4 Asset Manager Apprenticeship?
As an Asset Manager you will gain an in-depth understanding of the project management process which will allow you to prosper within your chosen industry. Examples of learnings include:
- Asset management standards: ISO55000, British Standard Institute (BSI) Publicly Available Specification (PAS) 55.
- Management systems for asset management: policy, strategy, objectives, plans and continual improvement.
- Different types of assets and classification approaches; hierarchy, function and value.
- Asset systems; effect of each asset on the system and impact of external factors.
- Project Management.
- Continuous improvement techniques.
- Asset costing and valuation techniques
- Creative thinking and problem-solving techniques.
Working through this Apprenticeship will also gain you professional recognition as an Associate for The Institute of Asset Management, recognised by businesses throughout the industry, putting you in a great position to continue your career.
Conclusion
To summarise, the Level 4 Asset Management Apprenticeship is a great opportunity to gain in-depth knowledge of the subject while opening the door to not only multiple roles but within a breath of industries. You will be given the responsibility to manage your own projects while learning from experts within the field – all while getting paid!
Not the opportunity for you? Browse our Occupational Maps for typical apprenticeship program pathways across 15 sectors. Plus if you want to stay up to date with the latest news and advice visit our blogs, follow us on Linkedin and Twitter or sign up to our newsletter.