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 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 is an international standard that assists businesses in effectively managing their assets to maximise their lifetime value. ISO 55001 is especially important for capital-intensive companies with a large number of assets. ISO 55001 provides a competent asset management framework for improving, maintaining, establishing, and implementing effective asset control and governance to realise value through risk and opportunity management to achieve the desired risk, cost, and performance balance. 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.    

Our 1-day ISO 55001 Foundation training course aims to provide delegates with a comprehensive knowledge of Asset Management Systems (AMS). During this training, delegates will learn about the importance of asset management systems and how they work in an organisation. They will also learn about various essential topics such as financial asset management, enterprise asset management, infrastructure asset management, and IT asset management. Our highly professional trainer with years of experience in teaching such courses will conduct this training course and will help you get a complete understanding of this ISO 55001 training course.  

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

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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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.

Mississauga is the sixth largest city in Canada. It is in the south of the province of Ontario in the region of peel. The city is estimated to have a population of around 715,000 people. The rapid growth of this city is attributed to its proximity to Toronto. It was originally built as suburb of Toronto. Education in Canada is mostly free and publicly funded. It is overseen by the federal, provincial and local governments, with the education within provincial jurisdiction and the curriculum overseen by the province. Education is compulsory in most provinces up to the age of 16. Mississauga is served by the Peel District School Board, which operates the secular English speaking public schools. There is also a school board that runs the local catholic schools and a board that runs the French speaking schools in the area, one for the secular French schools and one for the catholic French schools. There are a number of schools in the area that offer specialised programs. These include the French immersion schools such as Clarkson Secondary School and Streetsville Secondary School. There are three schools in the areas that off a Regional Arts Program and two that offer a specialist sci-tech program for students who are gifted in these areas. There is also two schools that offer support for those studying for the international baccalaureate plus numerous other programs. Canada’s higher has a very good reputation. However there is no formal ranking system and students will often choose colleges and universities bases on geographic convenience and the reputation of a particular course. Mississauga is home to one of the three campuses run by the University of Toronto. This university is ranked as the 34th best university in the world and is the second highest ranked Canadian university in the rankings. The campus was established in 1967 and is the universities second largest division. It is home to 12,000 students. They have 15 academic departments and pupils can choose from 148 programs to participate in from 89 areas of study. Students can study both undergraduate and graduate programs on this campus. This campus also has an excellent research environment that has helped the staff and researchers become internationally recognised for their work. The university includes Institutes for Management and Innovation, and Communication, Culture, Information and Technology.

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Address

Robert Speck 2
2 Robert Speck Parkway
Suite 750
Mississauga
Ontario
L4Z 1H8

T: +1 6474932992

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

What our customers are saying

ISO 55001 Foundation Training | ISO 55001 Training in Mississauga 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.
This ISO 55001 Foundation Training course is designed for any individual who wants to gain in-depth knowledge about how to operate an asset management system.
An asset management system is a procedure used by a company to manage all of its assets across the business.
There are numerous benefits of using asset management, such as increased efficiency of all organisational operations, all information in one place, improved asset reliability, and reduced maintenance costs.
The main types of asset management are financial asset management, enterprise asset management, infrastructure asset management, IT asset management, digital asset management, and software asset management.
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.
The training fees for ISO 55001 Foundation Training certification in Mississauga 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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