ISO 55001 Internal Auditor Training Overview

ISO 55001 Internal Auditor Training Course Outline

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

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Who should attend this ISO 55001 Internal Auditor Training Course?

The ISO 55001 Internal Auditor Training Course is designed to provide delegates with the skills and knowledge needed to conduct internal audits on an organisation's Asset Management System, based on the ISO 55001 Standard. Here are the individuals who might benefit from attending an ISO 55001 Internal Auditor Training Course:

  • Asset Managers
  • Existing Internal Auditors
  • Operational Managers
  • Maintenance Managers
  • Quality Assurance Professionals
  • Management Representatives
  • Consultants
  • Project Managers

Prerequisites of the ISO 55001 Internal Auditor Training Course

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

ISO 55001 Internal Auditor Training Course Overview

ISO 55001 is an international standard that provides a framework for establishing, implementing, maintaining, and improving an Asset Management System. It focuses on managing the lifecycle of assets to ensure optimal value, sustainability, and performance across industries such as manufacturing, energy, and infrastructure.

Proficiency in ISO 55001 Internal Auditor Training is essential for Asset Managers, Auditors, Maintenance Engineers, and Risk Managers. Mastering this standard empowers professionals to assess, maintain, and improve asset management processes, ensuring compliance, reducing risks, and enhancing operational efficiency. It is vital for those aiming to ensure the longevity and performance of physical assets in their organisations.

The Knowledge Academy's 2-day course equips delegates with the fundamental principles and practical auditing skills related to ISO 55001. Through interactive workshops and expert-led sessions, delegates gain a comprehensive understanding of the standard's requirements, the auditing process, and how to ensure Asset Management Systems meet international standards. Delegates learn to conduct internal audits, identify non-conformities, and recommend improvements effectively.

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 analyse and evaluate asset management performance against ISO 55001 standards
  • 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

Upon completing this course, delegates will have acquired the knowledge and skills necessary to conduct internal audits of Asset Management Systems effectively, helping organisations to achieve ISO 55001 compliance and optimise their asset management processes.

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What’s included in this ISO 55001 Internal Auditor Training Course?

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

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ISO 55001 Internal Auditor Exam Information 

To achieve the ISO 55001 Lead Auditor 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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Why choose us

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led ISO 55001 Internal Auditor 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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Live classes

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

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Interactive

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

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Global Pool of the Best Trainers

We handpick from a global pool of expert trainers for our Online Instructor-led courses.

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Expertise

With 10+ years of quality, instructor-led training, we equip professionals with lasting skills for success.

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Global Reach

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 Internal Auditor 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.

Experience the most sought-after learning style with The Knowledge Academy's ISO 55001 Internal Auditor Training. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led ISO 55001 Internal Auditor Training sessions.

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Highly experienced trainers

Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience

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State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible

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Small class sizes

Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment

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Great value for money

Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value

Streamline large-scale training requirements with The Knowledge Academy’s In-house/Onsite ISO 55001 Internal Auditor Training at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

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Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

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Team building opportunity

Our ISO 55001 Internal Auditor Training offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

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Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

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ISO 55001 Internal Auditor Training FAQs

ISO 55001 is an international standard for Asset Management Systems. It provides a framework to manage the lifecycle of assets efficiently, ensuring optimal performance, risk management, and return on investment. This standard is highly valued across various industries that rely on effective asset management.
An Asset Management System is a set of processes and strategies that help organisations manage their assets effectively. It involves planning, acquiring, maintaining, and disposing of assets to achieve the organisation's objectives while minimising costs and risks.
A well-designed Asset Management System ensures that an organisation’s assets are utilised efficiently, contributing to overall performance and profitability. It helps reduce costs, extend asset life, mitigate risks, and improve decision-making through reliable data and processes.
There are no formal prerequisites for attending the ISO 55001 Internal Auditor Training, although having a basic understanding of asset management or management systems can be helpful. The course is designed to accommodate individuals from various backgrounds.
This course is ideal for individuals involved in Asset Management, Internal Auditors, Quality Managers, and professionals who want to improve their auditing skills. It is also suitable for those seeking to understand and implement the ISO 55001 standard in their organisation.
To be an effective Internal Auditor, you need analytical skills, attention to detail, good communication, and knowledge of relevant standards. Critical thinking and problem-solving abilities are also essential to identify gaps and recommend improvements during audits.
In this course, you will learn how to conduct Internal Audits of an Asset Management System based on ISO 55001. You’ll gain practical skills in planning, conducting, and reporting audits, as well as an understanding of asset management principles and compliance requirements.
Yes, this course is designed to accommodate professionals at various career stages. Whether you're just starting in asset management or looking to enhance your auditing skills, the course offers valuable knowledge and practical tools that can be applied immediately.
Yes, The Knowledge Academy offers self-paced training to provide you with flexibility in your learning. You can access the course materials online and complete the training at your own pace, fitting around your schedule.
Yes, we provide 24/7 support for this course. Our dedicated support team is available around the clock to assist you with any queries or technical issues you may encounter during your training.
The duration of this ISO 55001 Internal Auditor Course is 2 days.
With an ISO 55001 Internal Auditor Certification, you can pursue roles such as internal auditor, asset management specialist, quality assurance manager, or compliance officer. This certification opens doors to opportunities in asset-intensive industries like utilities, transportation, and manufacturing.
Yes, we offer customised corporate training solutions for ISO 55001 Internal Auditor. Our corporate training is tailored to meet the specific needs of organisations, ensuring teams gain the skills necessary to effectively manage and audit assets.
The ISO 55001 Internal Auditor Course is designed to be accessible for professionals with varying levels of experience. Whether you're new to asset management or have prior auditing experience, the course content is delivered in a clear and manageable way.
If you encounter any issues accessing the course, you can reach out to our support team via email, phone, or live chat. Our team is ready to assist you promptly with any technical difficulties or questions.
Yes, upon successful completion of the course, you will receive an internationally recognised certificate. This certification demonstrates your competence in conducting internal audits based on the ISO 55001 standard.
No prior experience is required to attend the ISO 55001 Internal Auditor Course. The course covers all the fundamentals, making it suitable for both beginners and experienced professionals looking to enhance their auditing skills.
This course includes comprehensive study materials, practical audit exercises, real-world case studies, and expert-led instruction. You’ll also receive access to online resources and support to help you succeed in mastering the ISO 55001 auditing process.
The Knowledge Academy 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 Certification.
The training fees for ISO 55001 Internal Auditor Trainingin Estonia starts from €1995
The Knowledge Academy is the Leading global training provider for ISO 55001 Internal Auditor Training.
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Resources are included for a comprehensive learning experience.

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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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ISO 55001 Internal Auditor Training in Estonia

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