ISO 55001 Foundation Training Overview

ISO 55001 Foundation Training Course Outline

Module 1: Introduction to ISO 55001

  • Introduction
  • Scope
  • Normative Reference
  • Terms and Definitions

Module 2: Asset Management Systems

  • What is 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

  • 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

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Who should attend this ISO 55001 Foundation Training Course?

The ISO 55001 Foundation Training Course offers a deep dive into the world of Asset Management. For attendees, this course presents an opportunity to understand and harness the principles of Asset Management to their advantage, both personally and professionally. The following individuals can consider attending an ISO 55001 Foundation Training Course:

  • Asset Managers
  • Facility Managers
  • Operational Managers
  • Maintenance Managers
  • Financial Managers
  • Quality Managers
  • Risk Managers
  • Project Managers

Prerequisites of the ISO 55001 Foundation Training Course

There are no formal prerequisites for attending this ISO 55001 Foundation Training Course.

ISO 55001 Foundation Training Course Overview

ISO 55001 Foundation Training Course provides delegates with a solid understanding of the ISO 55001 standard, focusing on asset management and the implementation of effective management systems. As businesses aim to optimise asset performance and achieve long-term value, proficiency in ISO 55001 is essential for maintaining operational efficiency and meeting regulatory requirements. This course equips delegates with the knowledge needed to manage assets efficiently, ensuring compliance and continuous improvement.

Professionals, including Asset Managers, Compliance Officers, and Maintenance Engineers, must develop expertise in ISO 55001 to enhance asset lifecycle management. Mastery of this standard ensures organisations can reduce risks, improve reliability, and optimise asset performance. This course is crucial for those seeking to strengthen their asset management capabilities and align with best practices.

This 1-day training by The Knowledge Academy equips delegates with the practical skills to implement ISO 55001 principles within their organisation. Through interactive discussions and real-world case studies, delegates will learn how to establish an asset management system that supports strategic objectives and operational excellence.

Course Objectives

  • To operate, develop, sell, and maintain assets in a cost-effective manner
  • To preserve the path of their assets, whether fixed or liquid
  • To keep the assets in decent condition and manage them effectively
  • To maintain and monitor everything considered an asset within the corporation
  • To warrant that assets are being used efficiently and properly
  • To create a purchase timeline and budget for asset acquisition

By the end of this training, participants will be able to save money and be more organised to reduce waste by tracking their assets. They will also be able to integrate asset management systems to meet the appropriate management system requirements.

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What’s included in this ISO 55001 Foundation Training Course?

  • World-Class Training Sessions from Experienced Instructors
  • ISO 55001 Foundation Training Certificate
  • Digital Delegate Pack

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ISO 55001 Foundation Exam Information

To achieve the ISO 55001 Foundation Training, candidates will need to sit for an examination. The exam format is as follows:  

  • Question Type: Multiple Choice  
  • Total Questions: 30  
  • Total Marks: 30 Marks  
  • Pass Mark: 50%, or 15/30 Marks  
  • Duration: 40 Minutes 

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Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led ISO 55001 Foundation Training. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

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Join a scheduled class with a live instructor and other delegates.

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Engage in activities, and communicate with your trainer and peers.

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With classes running in all timezones, access any of our courses and course material from anywhere, anytime.

Unlock your potential with The Knowledge Academy's ISO 55001 Foundation Training, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

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ISO 55001 Foundation Training FAQs

ISO 55001 is an international standard that helps businesses efficiently manage their assets in order to maximise their lifetime value.
There are no formal prerequisites for attending this ISO 55001 Foundation Training Course.
The following individuals can consider attending an ISO 55001 Foundation Training Course such as Asset Managers, Facility Managers, Operational Managers, Maintenance Managers, Financial Managers, Quality Managers, Risk Managers, Project Managers
This training helps learners with managing asset lifecycles, ensuring that assets perform their required functions, enhancing brand reputation, and increasing profitability. Pursuing this training will help individuals gain the required knowledge, skills, and experience to enhance their career prospects.
In this ISO 55001 Foundation Training, you will learn how to develop a strategic asset management plan, understand the organisation and its context, and understand the needs and expectations of stakeholders, planning, acquisition, operation, and maintenance.
Yes, The Knowledge Academy offers 24/7 support via phone & email before attending, during, and after the course. Our customer support team is available to assist and promptly resolve any issues you may encounter.
In this training course, delegates will have intensive training with our experienced instructors, a digital delegate pack consisting of important notes related to this course, and a certificate after course completion, ensuring you gain practical experience and in-depth knowledge of ISO 55001 Foundation
This course takes 1-day to complete during which delegates participate in intensive learning sessions that cover various course topics.
Skills required for ISO 55001 are to recognize a typical framework for implementing ISO 55001 following the PDCA cycle. To interpret key concepts and requirements of ISO 55001 from an implementation perspective. Identify the benefits specific to an organization in relation to implementing an effective AMS.
No prior experience for taking this ISO 55001 Foundation online course.
The course is designed to be accessible to all levels, making it suitable for both beginners and experienced professionals. It covers foundational concepts while offering in-depth insights into personal and organisational growth strategies.
Yes, after completing this course you will receive a certificate of completion to validate your achievement and demonstrate your proficiency in the course material.
The Knowledge Academy provides flexible self-paced training for this course. Self-paced training is beneficial for individuals who have an independent learning style and wish to study at their own pace and convenience.
After completing an ISO 55001 Foundation Training Course one can explore their career as Asset Managers, Facility Managers, Operational Managers, Maintenance Managers, Financial Managers, Quality Managers, Risk Managers, Project Managers
Yes, we provide corporate training for this course, tailored to fit your organisation’s requirements.
The course is designed to be accessible to all levels, making it suitable for both beginners and experienced professionals. It covers foundational concepts while offering in-depth insights into personal and organisational growth strategies.
If you are unable to access your Supervisor Training, contact the support team at The Knowledge Academy via their customer service email or phone number provided on their website for prompt assistance and resolution of your issue.
The Knowledge Academy in Canada stands out as a prestigious training provider known for its extensive course offerings, expert instructors, adaptable learning formats, and industry recognition. It's a dependable option for those seeking this course.
The training fees for ISO 55001 Foundation Trainingin Canada starts from CAD2195
The Knowledge Academy is the Leading global training provider for ISO 55001 Foundation Training.
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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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