Cama Faqs: Asset Management Council LTD

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CAMA FAQs

How long is the exam?


How many questions are in the exam?
What type of exam is it?
Is it closed or open book?
What can I bring into the exam?
Are practice questions available?
What are the prerequisites for the exam?
What reference material is available? Where can I find reference material?
How long is the certification valid for?
Who should take this exam?
How much does it cost?
What is the ‘professional profile’ for?
What do I get if I pass?
When will I find out if I pass?
What is the pass mark?
How long will it take to get my certification?
Can I see which questions I answered correctly?
What does this qualify me for, exactly?
Where is it valid?
How do I become an auditor?
Who is WPiAM?
How is the GFMAM involved?
How is the AM Council involved?
Will there be supervisors on the exam day?
What happens on the day?
Can I re-sit? How many times?
Does this qualify me for AM Council Certification too?
What is the relationship between CAMA and AM Council AMBoK?
Is there a Contact list?
Can I use the bathroom during the exam time?
What will happen if I come late?
Who do I contact for more information?
Appendix1

Asset Management Council Ltd www.amcouncil.com.au Page 1


CAMA FAQs

How long is the exam?


It is a two hour exam.

How many questions are in the exam?


Around 110 questions.

What type of exam is it?


It is a multiple choice exam. Each question has four multiple choice answers. Only one of those answers is
the correct answer.

Is it closed or open book?


It is a closed book exam.

What can I bring into the exam?


You are only required to bring your ID. We will provide all materials required for the exam.

Are practice questions available?


No, there are no practice questions available.

What are the prerequisites for the exam?


Applicants must:
- have a minimum 5 years of working experience in asset management.
Applicants should:
- have working knowledge of ISO 5500X Standards
- understand the GFMAM Competency Specification for an ISO 55001 Asset Management System
Auditor/Assessor.
Please note, applicants are not required to complete any specific course or training prior to the exam.

What reference material is available? Where can I find reference material?


Below is a list of reference materials:
1. ISO 5500X Standards
2. GFMAM Competency Specification for an ISO 55001 Asset Management System Auditor/Assessor
(www.gfmam.org)
3. GFMAM Landscape Second Edition (www.gfmam.org)
4. The Companion Guide for ISO 55001 (http://www.amcouncil.com.au/store.aspx)
5. The Framework for Asset Management (available for free download for AM Council members,
available for purchase for non-members here: http://www.amcouncil.com.au/store.aspx)
Appendix 1 (end of this document) shows a list of all references that were used to create the questions.

How long is the certification valid for?


The certificate is valid for three years. Certificants can renew their certification through 50 CPD point over the
three year period. If an applicant hasn’t kept adequate CPD, they must pass the exam again to be certified.

Asset Management Council Ltd www.amcouncil.com.au Page 2


CAMA FAQs

Who should take this exam?


- Individuals who want to become ISO 55001 assessors
- Individuals who want to become ISO 55001 auditors
- Individuals with asset management experience aiming to advance their careers in asset
management

How much does it cost?


Please visit our website for this information: amcouncil.com.au

What is the ‘professional profile’ for?


The professional profile is used to demonstrate compliance with ISO 17021-5 Competence requirements for
auditing and certification of asset management systems. This requires auditors to have experience in certain
industry types and asset classes, which is why this certification requires a professional profile.

What do I get if I pass?


You will receive a CAMA Certificate and Profile, showing your work experience related to different industry
types.

When will I find out if I pass?


You will know your results within one month of completing the exam.

What is the pass mark?


70% correct.

How long will it take to get my certification?


You should receive your official certification approximately three weeks after you receive your results.

Can I see which questions I answered correctly?


We do not return marked exams to safe guard the exam content.

What does this qualify me for, exactly?


It qualifies you to become an assessor for ISO 55001.To become an auditor you must meet the other
requirements of ISO 17021.

Where is it valid?
The certification is valid in Australia, USA, Brazil, Canada, and France. It is recognised in other countries
including South Africa and UK.

How do I become an auditor?


To become an auditor you must comply with the other requirements of ISO 17021.

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CAMA FAQs

Who is WPiAM?
World Partners in Asset Management (WPiAM) is a joint venture of between leading not-for-profit
organisations. Member organisations include AM Council (Australia), ABRAMAN (Brazil), SMRP (USA),
IFRAMI (France) and PEMAC (Canada).

How is the GFMAM involved?


The Global Forum on Maintenance and Asset Management (GFMAM) created the Competency Specification
for an ISO 55001 Asset Management System Auditor/Assessor, which was used as a reference document
for the creation of the CAMA exam. All member organisations of WPiAM are also members of the GFMAM.

How is the AM Council involved?


The Asset Management Council is one of the WPiAM partners. It also provided a large portion of the
technical content used to create the question bank for the CAMA exam.

Will there be supervisors on the exam day?


Yes. The Exam Proctors are asset management practitioners who have been inducted to comply with the
exam rules and policies.

What happens on the day?


Each exam will be slightly different due to different venues. After registering for the exam online, you will
receive a detailed email with instructions, directions and registration details etc. relevant to your particular
exam date and location.

Can I re-sit? How many times?


After sitting your exam, there is a 6 month window in which to re-sit the exam if you do not succeed. If you
wish to take the exam a third time, there is a twelve month waiting period after sitting the re-sit.

Does this qualify me for AM Council Certification too?


The CAMA Certification is part of the Asset Management Council Certification Scheme. It sits between
CAAM and CSAM levels. For more information, please email [email protected]

What is the relationship between CAMA and AM Council AMBoK?


The Framework for Asset Management – the principal document of the Asset Management Body of
Knowledge - was heavily used to create the CAMA exam.

Is there a Contact list?


Yes there is. If you are interested to hear more about the exam, please express your interest to
[email protected]

Can I use the bathroom during the exam time?


Leaving the exam room for any reason (including a bathroom break) during the examination indicates that
the individual has completed their exam. They will not be permitted to re-enter the exam room to continue
the exam. If a participant needs to leave the room for medical reasons, a doctor’s certificate must be
supplied.

Asset Management Council Ltd www.amcouncil.com.au Page 4


CAMA FAQs

What will happen if I come late?


If you arrive after the start of the exam you will not be eligible to sit the exam. If you need to cancel the exam
for any reason, please follow the deadline and instructions indicated in the registration email.

Who do I contact for more information?


You can email us on [email protected]
Appendix1

1. Certified Asset Management Assessor Resources list


2. A Guide to the Project Management Body of Knowledge, Fourth Edition, PMI
3. AS/NZS 15288:2003
4. AMBOK Framework, Asset Management Council ISBN 978-0-9870602-3-5
5. An Anatomy of Asset Management Issue 1.1 February 2012, The Institute of Asset Management
6. Asset Management Council Competency Set Configuration Management Framework of Asset
Management Council: Asset Management Body of Knowledge.
7. Asset Management Landscape Second Edition
ISBN978_0_9871799_2_0_GFMAMLandscape_SecondEdition_English Page 18International
Infrastructure Management Manual - Version 3 .0, 2006 Page 3 .91
8. Australian Capital Territory, Canberra, July 2012 ,Triple Bottom Line Assessment for the ACT
Government
9. Author Unknown, Communication Strategies, Environmental Protection Agency, Sourced from
www.epa.gov/superfund/community/pdfs/toolkit/comstrats.pdf
10. Balanced Scorecard Institute http://balancedscorecard.org/Resources/Strategic-Planning-Basics
11. Beedles, M. Pivot Point: Making the decisions that matter in business
12. Companion Guide, Management of Change
13. ISO 5500X:2014
14. Framework for AM Council AMBoK, Edition 1, May 2011
15. Framework for Asset Management Council, Ed 2 March 2014
16. GFMAM, Asset Management Framework, 2nd Edition (English version), ISBN 978-0-9871799-2-0
17. Gitman, Juchau, Flanagan. Principles of Managerial Finance. Pearson Education Australia. 0-7339-
9912-3
18. IEEE 1220 Standard for Application and Management of the Systems Engineering Process
19. IPWEA (ed.) 2006. International Infrastructure Management Manual, Australia
20. ISO 15686 Part 1
21. ISO 17021:2011
22. ISO 31000:2009 Risk management - Principles and guideline; ISO 31010:2009 Risk management -
Risk assessment techniques
23. ISO 60300.
24. Kepner, C.H., Tregoe, B. B., The New Rational Manager - An Updated Edition for a New World,
Princeton Research Press
25. Lafraia J Hardwick J - Living Asset Management. Engineers Media ISBN 978-1-922107-25-1
26. MIL-HDBK-470A, August 1997, Department of Defence Handbook Designing and developing
maintainable products and systems, Volume 1
27. MIL-PRF-49506 Logistics Management Information
28. MIL-STD-973 Military Standard Configuration Management

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CAMA FAQs

29. Mintzberg, H. & Quinn, J.B. The Strategy Process.


30. NAV-AIR 00-25-403 Navair Guidelines for RCM
31. NSW Government Division of Local Government, Integrated Planning and Reporting Manual for
local government in NSW: Planning a sustainable future, March 2013, ISBN 978-1-922001-16-01
32. NSW Treasury, Asset Information Guideline, September 2004, TAM04-7, ISBN 0 7313 3325 X

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