ISO 55001 Lead Auditor Training Overview

ISO 55001 Lead Auditor Training Course Outline

Module 1: Introduction to ISO 55001

  • Introduction
  • Scope
  • Terms and Definitions

Module 2: Asset Management System

  • 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

  • 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

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Who should attend this ISO 55001 Lead Auditor Training Course?

The ISO 55001 Lead Auditor Training Course is tailored to equip individuals who want to gain comprehensive knowledge and skills required to conduct and lead Asset Management System audits based on the ISO 55001 Standard. Here are the individuals who might especially benefit from attending the ISO 55001 Lead Auditor Training Course:

  • Asset Managers
  • Experienced Internal Auditors
  • Quality and Compliance Managers
  • Consultants
  • Management System Representatives
  • Operational and Maintenance Managers
  • Risk Managers
  • Third-Party Auditors

Prerequisites of the ISO 55001 Lead Auditor Training Course

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

ISO 55001 Lead Auditor Training Course Overview

ISO 55001 is an asset management system standard that is used in organisations to manage asset lifecycles more effectively. Organisations that implement ISO 55001 will have better control over their daily activities, a higher return on their assets, and a lower total cost of risk. The main purpose of ISO 55001 is to significantly improve asset management by meeting stakeholder, business, and legal requirements. This training assists individuals to manage risk related to asset ownership and the development of viable and predictable cash flows. This training assists organisations in how to improve the financial performance of a company or business. Holding skills in this training course can help to achieve rapid and significant professional growth and expand career opportunities in this field.

In this 5-day ISO 55001 Lead Auditor training course, delegates will gain a thorough understanding of how to manage an audit programme, audit team, customer communication, and conflict resolution. During this course, delegates will learn the goals, content, and correlation between ISO 55001 and other standards or regulatory frameworks. They will also learn how to plan and lead an audit. This training course will be led by our highly professional trainer, who has years of experience teaching such courses and will assist delegates in gaining skills and understanding ISO 55001.

Course Objectives

  • To acquire knowledge about identifying areas for improvement
  • To learn about optimising asset performance and ROI
  • To know the procedures for reassuring stakeholders and enhancing reputation
  • To get in touch with cementing your reputation for asset protection
  • To understand about setting up a comprehensive management system
  • To learn policy tailored to the needs of the business context and stakeholders

At the end of this training, delegates will be able to identify and manage asset risks so they can mitigate them as soon as possible. They will also be able to plan the maintenance schedules for all assets to avoid service disruptions.

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

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

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ISO 55001 Lead 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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Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led ISO 55001 Lead 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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Engage in activities, and communicate with your trainer and peers.

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Unlock your potential with The Knowledge Academy's ISO 55001 Lead 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 Lead 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 Lead Auditor Training sessions.

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Streamline large-scale training requirements with The Knowledge Academy’s In-house/Onsite ISO 55001 Lead 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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Team building opportunity

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ISO 55001 Lead Auditor Training FAQs

Good asset management ensures that an organisation's assets are efficiently managed throughout their lifecycle, optimising performance, reducing risks, and improving returns. It involves strategic planning, maintenance, and decision-making to maximise asset value and minimise costs.
Benefits of ISO 55001 include improved asset performance, reduced costs, better risk management, enhanced decision-making, and compliance with regulatory standards. It helps organisations align their asset management strategy with business goals, leading to long-term sustainability and efficiency.
The importance of asset management lies in its ability to maximise asset value, optimise operational performance, and ensure cost-efficiency. It also helps organisations mitigate risks, maintain compliance, and achieve sustainable growth by making informed decisions about asset usage and investment.
There are no prerequisites for attending this ISO 55001 Lead Auditor Training. However, basic knowledge of asset management principles and ISO standards will be beneficial for the delegates.
This training is ideal for professionals involved in asset management, internal and external auditors, compliance managers, and individuals seeking to lead audits for ISO 55001 compliance. It also benefits those aiming to improve asset management systems.
The duration of the ISO 55001 Lead Auditor Training typically spans across 5 days. It includes a mix of theoretical sessions, practical exercises, and assessments to prepare delegates for certification.
Lead Auditor responsibilities include planning, conducting, and reporting on audits, ensuring organisations comply with ISO 55001 standards. They are also responsible for identifying gaps, providing recommendations, and ensuring corrective actions are implemented effectively.
In this ISO 55001 Lead Auditor Training Course, you will learn the fundamentals of ISO 55001, audit methodologies, and how to lead an audit team. The course covers risk management, compliance, and strategies to improve asset performance and lifecycle management.
Difficulty levels for the ISO 55001 Lead Auditor Course vary based on delegates' background knowledge. It is generally considered intermediate to advanced, suitable for those with prior experience in asset management or auditing, though beginners can also join with additional preparation.
Self-paced ISO 55001 Lead Auditor Training is often available, allowing delegates to learn at their own pace through online modules and materials. This format offers flexibility for busy professionals or those with varying learning schedules.
The ISO 55001 Lead Auditor Course includes comprehensive study materials, case studies, audit simulations, and expert-led discussions. Delegates receive guidance on ISO 55001 requirements, audit processes, and practical skills needed to execute successful audits.
Job roles with ISO 55001 Lead Auditor Certification include asset management auditor, lead auditor, risk manager, compliance officer, and quality manager. These roles focus on ensuring organisations meet asset management standards and improve operational efficiency.
Benefits of the ISO 55001 Lead Auditor Course include gaining expertise in asset management auditing, improving career prospects, enhancing your organisation’s compliance, and providing valuable skills in risk mitigation, performance improvement, and lifecycle management.
Upon completing the ISO 55001 Lead Auditor Certification Training, you will receive a certificate that demonstrates your proficiency in ISO 55001 standards and auditing practices. This will enable you to lead audits and improve asset management strategies within organisations.
No prior experience is needed to take the ISO 55001 Lead Auditor Course, although having a basic understanding of asset management or auditing can be beneficial. The course covers all the necessary aspects to prepare you for certification and auditing roles.
Should you encounter any difficulties accessing the ISO 55001 Lead Auditor Training course materials, our customer support team is available to assist and promptly resolve any issues you may encounter.
Yes. The Knowledge Academy offers 24/7 support for delegates before, during, and after this ISO 55001 Lead Auditor Training Course.
The Knowledge Academy offers globally recognised courses, expert trainers, flexible learning formats (online, in-person, and self-paced), and 24/7 support. This ISO 55001 Lead Auditor Course provides a comprehensive learning experience, preparing you for practical application in your career.
The training fees for ISO 55001 Lead Auditor Trainingin Madagascar starts from $3195
The Knowledge Academy is the Leading global training provider for ISO 55001 Lead Auditor 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"

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ISO 55001 Lead Auditor Training in Madagascar

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