Lead the asset management function within an organisation.
This occupation is found in a range of industries that manage physical assets including energy and utilities, manufacturing, petrochemical, buildings, and transport. They may be employed by asset owning companies, outsourced services companies, or asset management consultants. Companies may range in size from small to large.
Physical assets are defined as an item, thing or entity that has value to a business or service. Examples include buildings, bridges, digital hardware, flood defences, gas fiscal metering, pipelines (water/gas), plant (cranes), rail track, reservoirs, roads, retail space, runways, and wind turbines. ISO 55000 defines asset management as ‘the co-ordinated activity of an organisation to realise value from assets.
The broad purpose of the occupation is to lead the asset management function within an organisation. This involves formulation and leading the development of the asset management policy, strategy, plans, and objectives to ensure physical assets are managed in a way to achieve the organisation’s objectives, including resolving multiple competing goals and clarification of risk appetite. They ensure the necessary resources, competence, asset management information, suppliers and culture are in place to achieve this, along with audit and assurance.
Infrastructure asset management professionals lead the creation of short, medium and long term asset investment plans using optimisation and prioritisation developed through testing plans against multiple business scenarios. They oversee the asset investment business cases and define and establish the parameters for asset investment decision making, risk quantification, and mitigation plans. They will evaluate and report on performance and drive continuous improvement. A key part of the role is to lead stakeholder engagement. They will work primarily in the office.
In their daily work, an employee in this occupation interacts with the wider business and executives in the organisation. In order to support their work, they will liaise with external and internal stakeholders. These could include senior executives, investment groups, policy teams, capital delivery, and customer services to ensure the asset management function aligns with customer, stakeholder, and organisational requirements. They are likely to routinely come into contact with representatives from other organisations or external bodies such as clients, funding agencies, regulators, and suppliers.
An employee in this occupation will be responsible for ensuring asset management complies with legal frameworks and legislation, including public health, health & safety, economic and environmental. They need to ensure they and others keep up to date with asset management requirements and best practice. They typically work to deadlines without supervision, being self-managing. They will have established a budget. They are likely to lead teams and be responsible for organisational functions.
Asset manager
Director of asset management
Head of asset management
Head of asset planning
This is a summary of the key things that you – the apprentice and your employer need to know about your end-point assessment (EPA). You and your employer should read the EPA plan for the full details. It has information on assessment method requirements, roles and responsibilities, and re-sits and re-takes.
An EPA is an assessment at the end of your apprenticeship. It will assess you against the knowledge, skills, and behaviours (KSBs) in the occupational standard. Your training will cover the KSBs. The EPA is your opportunity to show an independent assessor how well you can carry out the occupation you have been trained for.
Your employer will choose an end-point assessment organisation (EPAO) to deliver the EPA. Your employer and training provider should tell you what to expect and how to prepare for your EPA.
The length of the training for this apprenticeship is typically 24 months. The EPA period is typically 6 months.
The overall grades available for this apprenticeship are:
When you pass the EPA, you will be awarded your apprenticeship certificate.
The EPA gateway is when the EPAO checks and confirms that you have met any requirements required before you start the EPA. You will only enter the gateway when your employer says you are ready.
The gateway requirements for your EPA are:
Work based project with presentation and questioning
You will complete a project and write a report. You will be asked to complete a project. The title and scope must be agreed with the EPAO at the gateway. The report should be a maximum of 8000 words (with a 10% tolerance).
You will have 12 weeks to complete the project and submit the report to the EPAO.
You need to prepare and give a presentation to an independent assessor. Your presentation slides and any supporting materials should be submitted at the same time as the project output. The presentation with questions will last at least 60 minutes. The independent assessor will ask at least 6 questions about the project and presentation.
Professional discussion underpinned by a portfolio of evidence
You will have a professional discussion with an independent assessor. It will last 90 minutes. They will ask you at least 10 questions. The questions will be about certain aspects of your occupation. You need to compile a portfolio of evidence before the EPA gateway. You can use it to help answer the questions.
The EPAO will confirm where and when each assessment method will take place.
You should speak to your employer if you have a query that relates to your job.
You should speak to your training provider if you have any questions about your training or EPA before it starts.
You should receive detailed information and support from the EPAO before the EPA starts. You should speak to them if you have any questions about your EPA once it has started.
If you have a disability, a physical or mental health condition or other special considerations, you may be able to have a reasonable adjustment that takes this into account. You should speak to your employer, training provider and EPAO and ask them what support you can get. The EPAO will decide if an adjustment is appropriate.
This apprenticeship aligns with Institute of Asset Management for Member
Please contact the professional body for more details.
| Version | Change detail | Earliest start date | Latest start date |
|---|---|---|---|
| 1.0 | Approved for delivery | 29/08/2023 | Not set |
Crown copyright © 2025. You may re-use this information (not including logos) free of charge in any format or medium, under the terms of the Open Government Licence. Visit www.nationalarchives.gov.uk/doc/open-government-licence