Course information

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 Organization

  • Understanding the Organization 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
  • Organizational 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 is ideal for those who want to learn about the principles of asset management, the requirements of the standard, and how to apply them effectively within their organization. This course can be beneficial for a wide range of professionals, including:

  • 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

This ISO 55001 Foundation Training is an overview that details the basic understanding of asset management and familiarizes you to the international standard ISO 55001. It meets organizations' important needs to optimize their assets' lifecycles toward improved efficiency, reliability, and sustainable performance.

Proficiency in ISO 55001 is essential for asset management, planning, and maintenance operation efficiency professionals. Organizations can achieve growth and competitive advantage through proficiency in this standard, benefiting facility managers, engineers, and financial officers.

This 1-day training in Chicago ensures that the participants systematically understand the principles involved in implementing asset management strategies for ISO 55001 compliance. It empowers the participants to raise asset utilization, reduce costs, and implement practices to improve organizational performance for sustainable asset management.

Course Objectives

  • To introduce the principles and terminology of asset management
  • To understand the requirements and framework of ISO 55001
  • To provide insights into effective asset management strategy planning
  • To enhance decision-making skills regarding asset life cycle management
  • To illustrate the benefits of ISO 55001 certification for organizations
  • To prepare participants for the ISO 55001 certification exam

After completing this course in Chicago, delegates will receive a certificate acknowledging their foundational knowledge in asset management according to ISO 55001. This certification empowers professionals to contribute to their organization's objectives through effective asset management, making them key players in sustainability initiatives.

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

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

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 

Why choose us

Our Chicago venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Chicago is on Lake Michigan in Illinois; it is among the largest cities in the U.S.A with a population of 2,635,352. Famous for it’s architecture and skyscrapers such as the iconic John Hancock Center, and the neo-Gothic Tribune Tower. Chicago is also renowned for its museums, including the Art Institute of Chicago. Since the mid 19th century, Chicago has been the centre of higher education and research with several universities such as; the University of Chicago; Illinois Institute of Technology; Northwestern University; Loyola University Chicago; DePaul University and University of Illinois at Chicago.

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Address

One Magnificent Mile
980 North Michigan Avenue
Suite 1400
Chicago
Illinois
60611

T: +1 7204454674

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led ISO 55001 Foundation Training | ISO 55001 Training in Chicago. 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.

Unlock your potential with The Knowledge Academy's ISO 55001 Foundation Training | ISO 55001 Training in Chicago, 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.

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite 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

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

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Team building opportunity

Our 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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ISO 55001 Foundation Training | ISO 55001 Training in Chicago 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 Chicago 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 Chicago starts from $1595
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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