ASTM E3140-19 - Standard Guide for Asset Management Career Development, Education, and Training

1.1 This guide provides the principles for an Asset Management Career Development program including education and training for professional employees engaged in the practice of asset management.

1.2 As a guide, this is the consensus of the asset management profession for the requirements for an Asset Management Career Development (AMCD) program.

1.3 The use of this guide by the profession can improve professional competence, enhance value from assets, reinforce or establish adequate internal controls, encourage a broader and higher level of competency and thinking by its practitioners, reinforce the use of innovative and cost-effective practices, create greater commonality between all entities that perform asset management, and increase the ability of entities to respond to changing needs and business conditions.

1.4 The AMCD program establishes the recommended education, training, and experience requisites necessary for asset management activities to adequately support the missions and objectives of an entity’s asset management operations, and therefore supports the entities’ missions.

1.5 The AMCD program is predicated on multiple levels of professional competency and achievement based on a combination of academic education and training and professional experience.

1.6 It is the responsibility of each entity that adopts this guide to confirm the appropriateness of any specific education and training offerings.

1.7 This guide encourages a broad and continuous self-study practice for those within the profession as applicable knowledge and lessons learned are disseminated continuously from multiple sources.

1.8 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.

1.9 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.