What is ISO 55001 Internal Auditor Training?

ISO 55001 is a globally recognised standard that establishes a framework for implementing, maintaining, and enhancing Asset Management Systems. By focusing on the lifecycle management of assets, it ensures organisations can optimise value, enhance sustainability, and achieve superior performance. Applicable across industries such as manufacturing, energy, and infrastructure, ISO 55001 enables organisations to manage physical assets efficiently, reducing risks and improving operational outcomes. 

Proficiency in ISO 55001 Internal Auditor Training is crucial for professionals responsible for asset management and organisational efficiency, including Asset Managers, Auditors, Maintenance Engineers, and Risk Managers. Mastering the principles of this standard empowers learners to assess and improve asset management practices, ensuring compliance and enhancing efficiency. This training is particularly valuable for professionals seeking to optimise asset performance, minimise risks, and align asset management strategies with organisational objectives. 

Oakwood International's 4 days ISO 55001 Internal Auditor Training provides learners with a solid foundation in asset management auditing. Through expert-led instruction and interactive workshops, learners gain practical skills to conduct internal audits, identify non-conformities, and recommend improvements. This course equips them to evaluate asset management performance against ISO 55001 standards, ensuring organisations meet international requirements while optimising their systems for sustained operational success.
 

Course Objectives
 

  • To understand the key principles of ISO 55001 and Asset Management Systems 

  • To learn how to conduct internal audits for ISO 55001 compliance 

  • To identify non-conformities and suggest corrective actions 

  • To enhance the effectiveness and efficiency of asset management processes 

  • To ensure alignment of asset management strategies with organisational objectives 

  • To build confidence in recommending improvements for Asset Management Systems 

  • To gain practical insights into ISO 55001 audit procedures and tools 

Upon completing the ISO 55001 Internal Auditor Training, learners will be equipped with the knowledge and skills to conduct effective internal audits of Asset Management Systems. They will help organisations achieve ISO 55001 compliance, optimise asset management processes, and ensure alignment with strategic goals. 

Course Outline

ISO 55001 Internal Auditor Training

Module 1: Introduction to ISO 55001 

  • Introduction 

  • Scope 

  • Normative Reference 

  • Terms and Definitions
     

Module 2: Asset Management System (AMS) 

  • What is an Asset Management System? 

  • Importance of Asset Management 

  • How Does Asset Management Work? 

  • Why Use an Asset Management System? 

  • Developing a Strategic Asset Management Plan 

  • Benefits of Asset Management
     

Module 3: Types of Asset Management 

  • Financial Asset Management 

  • Enterprise Asset Management 

  • Infrastructure Asset Management 

  • IT Asset Management 

  • Digital Asset Management 

  • Software Asset Management
     

Module 4: Context of the Organisation 

  • Understanding the Organisation and its Context 

  • Understanding the Needs and Expectations of Stakeholders 

  • Determining the Scope of the Asset Management System 

  • Asset Management System
     

Module 5: Leadership 

  • Leadership and Commitment 

  • Policy 

  • Organisational Roles, Responsibilities, and Authorities
     

Module 6: Asset Lifecycle 

  • Introduction 

  • Planning 

  • Acquisition 

  • Operation and Maintenance 

  • Disposal
     

Module 7: Asset Management Terminology 

  • Asset 

  • Asset Usage 

  • Asset Reuse 

  • Robust Asset 

  • Reusable Asset 

  • Ad-Hoc Reuse 

  • Engineered Reuse
     

Module 8: Internal Audit 

  • Introduction 

  • Internal Auditor (IA) 

  • Internal Audit Process 

  • Types of Internal Audit 

  • Internal Audit Functions 

  • Internal Auditor Vs External Auditor
     

Module 9: Audit Planning 

  • Planning Process 

  • Audit Universe 

  • Risk Assessment Methodology 

  • Strategic Audit Plan 

  • Annual Audit Plan 

  • Execution 

  • Audit Engagement 

  • Audit Objectives and Scope 

  • Audit Program and Working Papers 

  • Assessment, Evidence, and Supervision 

  • Closing Meeting 

  • Reporting
     

Module 10: Asset Auditing 

  • What is Assets Auditing? 

  • Objective of Asset Auditing 

  • How to Perform an Asset Audit? 

  • Benefits of Asset Auditing 

Included

Included

  • No course includes are available.

Offered In This Course:

  • vedio Video Content
  • elearning eLearning Materials
  • exam Study Resources
  • certificate Completion Certificate
  • study Tutor Support
  • workbook Interactive Quizzes
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Learning Options

Discover a range of flexible learning options designed to meet your needs. Select the format that best supports your personal growth and goals.

Online Instructor-Led Training

  • Live virtual classes led by experienced trainers, offering real-time interaction and guidance for optimal learning outcomes.

Online Self-Paced Training

  • Flexible learning at your own pace, with access to comprehensive course materials and resources available anytime, anywhere.

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