Course information

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 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

  • 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 designed for those who wish to learn the entire knowledge and abilities necessary to conduct and lead Asset Management System audits in accordance with the ISO 55001 Standard. Here are the professionals who will especially benefit from taking 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 stresses the importance of asset management through whole life cycle stages. Since organizations are seeking for a better asset management system, the ISO 55001 indispensable to correct measures. This training takes place to enable the individuals to detect these systems with the right skills as this was done in the line with organizational goals and international standards.

ISO 55001 proficiency is one of the critical factors to consider especially for the purpose of having legitimate and proper asset management systems which achieve the desired results through efficiency and effectiveness. The people who have utilize their expertise auditors, asset managers and quality assurance practitioners should strive to realize this standard. This institutional of practices from knowledge of asset management will keep on growing, of which to success of the organization will contribute highly.

The 5-day training is intended to give delegates skills-based auditing process according to ISO/TS 55001 international standards. Course attendees will be capable of performing audits that deliberately build a culture of results-oriented thinking and make the asset management systems more effective. Herewith, the latter must be aligned with the organization's strategy. This hands-on knowledge is a part and parcel of every auditor who possesses the specialization in Asset management.

Course Objectives

  • To understand the principles and processes of effective asset management as per ISO 55001
  • To acquire the skills necessary to conduct and lead ISO 55001 audit processes
  • To learn the techniques for managing an audit team and audit program
  • To develop the ability to assess compliance with ISO 55001 and identify areas for improvement
  • To understand the application of asset management within different organizational contexts

At the completion of the course, participants will be given a certificate that acknowledges their expertise in ISO 55001 audits This certification attests to their expertise in asset system administration and their ability to enhance an organization's performance as they excel at asset optimization and risk management.

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

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

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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Our Baltimore venue

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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.

Baltimore, a city in the state of Maryland, has a current population that totals an average of roughly 621,000 spread across 92.1 square miles of land.  At The Knowledge Academy we offer over 50,000 classroom based training courses in Baltimore, in order to enhance people’s learning in an array of subject areas.  Education in the USA is provided by both public and private schools, and is mandatory until the age of 16.  Pupils conducting their schooling within the USA start off at preschool, followed by elementary school, then middle school, before finishing at high school.  At age 18, US citizens are able to engage in higher education.  Higher education in the USA normally comes in the form of a college, undergraduate school, or a community college – that latter of which doesn’t normally cost anything to attend.  Candidates participating in a course at a college will gain credits towards a bachelor’s degree, whilst candidates participating a course at a community college will be earning credits in order to achieve an associate’s degree.

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Address

400 East Pratt Street,

8th Floor,

Maryland 21202,

Baltimore, 

United States

T: +1 7204454674

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led ISO 55001 Lead Auditor Training | ISO 55001 Training in Baltimore. 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 Lead Auditor Training | ISO 55001 Training in Baltimore, 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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ISO 55001 Lead Auditor Training | ISO 55001 Training in Baltimore 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 Baltimore starts from $3195
The Knowledge Academy is the Leading global training provider for ISO 55001 Lead Auditor Training.
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