What is CAMA Certification by WPiAM? Achieving the “Certified Asset Management Assessor” (CAMA) certification establishes an individual's credentials in asset management knowledge and comprehension, globally.
World Partners in Asset Management (WPiAM) is a worldwide partnership, established in late 2014, of national non-profit professional associations working together to enable individuals and organizations to develop, assess and recognize competence in Asset Management, for the benefit of their members and of the asset management community globally.
Member organizations include ABRAMAN (Brazil), AM Council (Australia), IFRAMI (France), PEMAC (Canada) and SMRP (USA).
The three key objectives of the WPiAM are to:
- Maintain a database of questions and answers suitable for certifying ISO55001 auditors and assessors in the minimum required knowledge and comprehension of asset management;
- Be a Global certifier of personnel in the market place; and
- Demonstrate the values of integrity, collaboration and duty to the public
The Certified Asset Management Assessor (CAMA) from WPiAM is a new industry qualification that establishes the individual’s credentials in asset management knowledge and comprehension globally. The CAMA certification is recognized throughout Australia, USA, Canada, France and Brazil. Certification complies with ISO 55001 asset management standards in core requirements and knowledge; ISO 17021-5 (Conformity assessment — Requirements for bodies providing audit and certification of management systems — Part 5: Competence requirements for auditing and certification of asset management systems); and ISO 19011 (Guidelines for auditing management systems).
The CAMA certification will ensure the quality of assessors and the quality of ISO 55001 methods, and confirm competency in knowledge and comprehension in asset management systems. Designed for asset management professionals with at least five years’ experience to further their knowledge and advance their careers, this certification has been developed under strict controls and involved leaders from a range of key industries where effective asset management is paramount. Tested for content validity and appropriateness the Certification has also undergone stringent Beta testing and is available now.
This multiple choice exam is based on ISBN978 0 9871799 3 7 GFMAM_ISO55001 Auditor Assessor Specification. The WPiAM develops, maintains, and administers the exam. The certification is conducted in accordance with 17024, and complies with:
GFMAM Competency Specification for an ISO 55001 Asset Management System Auditor/Assessor, First Edition, version 2 English Version
ISO 17021 Part 5, section 5
Conformity assessment — Requirements for bodies providing audit and certification of management systems — Part 5: Competence requirements for the certification of asset management systems
What are the prerequisites for the certification?
- have a minimum 5 years of working experience in asset management;
- provide a resume/cv; and
- complete a professional profile. This professional profile is used to demonstrate compliance with ISO 17021-5 “Competence requirements for auditing and certification of asset management systems” that requires auditors to have experience in certain industry types and asset classes.
- have working knowledge of ISO 5500X Standards; and
- understand the GFMAM Competency Specification for an ISO 55001 Asset Management System Auditor/Assessor.
Click to download GFMAM Competency Specification
How is the CAMA Certification Obtained?
The Certified Asset Management Assessor Certificate is obtained by successfully completing a proctored online exam and professional profile. The exam is a two-hour closed book exam, with around 110 multiple choice questions. The current exam language is English. ISO spelling conventions are used.
How long is the certification valid?
The certificate is valid for three years. Certificants can renew their certification through CPD points over the three year period. If an applicant hasn’t kept adequate CPD, they must pass the exam again to be certified.
What reference material is available?
Below is the list of reference materials:
- ISO 5500x Standards
- GFMAM Competency Specification for an ISO 55000 Asset Management System Auditor/Assessor
- GFMAM Landscape Second Edition
- The Companion Guide for ISO 55001
- The Framework for Asset Management