What is ISO 55001 Lead Auditor Training?

ISO 55001 is a globally recognised standard for asset management, providing organisations with the framework to optimise asset performance and efficiency. Ensuring effective asset management is crucial for reducing costs, managing risks, and achieving strategic objectives. Proficiency in ISO 55001 is essential for professionals looking to improve organisational resilience and deliver measurable value from assets, making this training highly relevant in today’s competitive and resource-focused business environment. 

 
Proficiency in ISO 55001 is vital for professionals involved in asset management, risk assessment, or auditing roles. Mastering this standard enables individuals to drive operational excellence, enhance asset performance, and align management systems with organisational goals. It is particularly beneficial for Lead Auditors, Asset Managers, Quality Managers, and Compliance Professionals who seek to establish, implement, or assess asset management systems effectively. Expertise in this domain ensures competitive advantage and robust operational outcomes. 

 
This 5 days training course equips learners with in-depth knowledge of ISO 55001 requirements and auditing practices. It focuses on building competency in planning, conducting, and reporting audits aligned with international standards. Through expert-led sessions, learners will gain practical skills to identify areas of improvement, ensure compliance, and optimise asset management systems. By the end of the training, learners will have the tools to confidently lead audits and enhance their organisation’s asset management framework.
 

Course Objectives
 

  • To understand the purpose and benefits of ISO 55001 in asset management. 

  • To develop knowledge of the principles and structure of ISO 55001 

  • To learn how to plan and conduct an ISO 55001 audit effectively 

  • To identify and evaluate risks and opportunities within an asset management system 

  • To gain expertise in assessing compliance with ISO 55001 requirements 

  • To provide actionable recommendations for continual improvement in asset management 

  • To enhance confidence in leading ISO 55001 asset management system audits 

Upon completing this course, learners will receive an internationally recognised certification, demonstrating their proficiency in ISO 55001 Lead Auditing. This certification validates their skills in evaluating and improving asset management systems, ensuring compliance with global standards.  

Course Outline

ISO 55001 Lead Auditor Training

Module 1: Introduction to ISO 55001 

  • Introduction 

  • Scope 

  • Terms and Definitions
     

Module 2: Asset Management System 

  • 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 

  • 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 

  • Case Study
     

Module 11: Planning 

  • Actions to Address Risks and Opportunities for the Asset Management System 

  • Asset Management Objectives and Planning to Achieve Them
     

Module 12: Support 

  • Resources 

  • Competence 

  • Awareness 

  • Communication 

  • Information Requirements 

  • Documented Information
     

Module 13: Operation 

  • Operational Planning and Control 

  • Management of Change 

  • Outsourcing
     

Module 14: Implementation of an AMS 

  • Strategies for Implementation 

  • Approaches to Implementing an Asset Management Program 

  • Steps to Implementing an Asset Management Program 

  • Communication in Asset Management 

  • Economic Analysis in Asset Management 

  • Risk Assessment and Asset Management 

  • Role of Preservation in Asset Management 

  • Case Study
     

Module 15: Introduction to Lead Auditor 

  • Lead Auditor 

  • Role of Lead Auditor
     

Module 16: Performance Evaluation 

  • Monitoring, Measurement, Analysis, and Evaluation 

  • Internal Audit 

  • Management Review
     

Module 17: Improvement 

  • Nonconformity and Corrective Action 

  • Preventive Action 

  • Continual Improvement
     

Module 18: Conducting an Audit 

  • Initiating Audit 

  • Preparing Audit Activities 

  • Conducting Audit Activities 

  • Preparing and Distributing Audit Report 

  • Completing Audit 

  • Conducting Audit Follow-Up 

  • Case Study

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.

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

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