ISO 55001 Lead Auditor Training | ISO 55001 Training in Teesside

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

• 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

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  

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.

Benefits of ISO 55001 Lead Auditor Course

The ISO 55001 Lead Auditor Course focuses on auditing Asset Management Systems (AMS) against ISO 55001 requirements. It covers audit principles, lifecycle evaluation, and governance review within asset management frameworks.

Here are the benefits of ISO 55001 Lead Auditor Training:

• ISO 55001 Expertise: Build the capability to interpret ISO 55001 terms, concepts and scope requirements accurately during Asset Management System audits.
• AMS Evaluation Skills: Develop the ability to evaluate Asset Management System performance, including alignment with Strategic Asset Management Plans and organisational objectives.
• Asset Lifecycle Proficiency: Gain practical competence to audit asset planning, acquisition, operation, maintenance, and disposal across the complete asset lifecycle.
• Corrective Action Management: Learn to assess nonconformities, verify corrective and preventive actions, and support continual improvement within asset management systems.
• Audit Leadership Capability: Strengthen the ability to lead audit teams, manage audit engagements, and communicate findings clearly to stakeholders and management.

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 Training Certificate
• Digital Delegate Pack