ISO 55001 Internal Auditor Training - Gambia

ISO 55001 Internal Auditor Training Course Outline

Module 1: Introduction to ISO 55001

• Introduction
• Scope
• Normative Reference
• Terms and Definitions

Module 2: Asset Management System (AMS)

• What is an 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 (IA)
• 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

Who should attend this ISO 55001 Internal Auditor Training Course?

The ISO 55001 Internal Auditor Training Course is designed to provide delegates with the skills and knowledge needed to conduct internal audits on an organisation's Asset Management System, based on the ISO 55001 Standard. Here are the individuals who might benefit from attending an ISO 55001 Internal Auditor Training Course:

• Asset Managers
• Existing Internal Auditors
• Operational Managers
• Maintenance Managers
• Quality Assurance Professionals
• Management Representatives
• Consultants
• Project Managers

Prerequisites of the ISO 55001 Internal Auditor Training Course

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

ISO 55001 Internal Auditor Training Course Overview

ISO 55001 is an international standard that provides a framework for establishing, implementing, maintaining, and improving an Asset Management System. It focuses on managing the lifecycle of assets to ensure optimal value, sustainability, and performance across industries such as manufacturing, energy, and infrastructure.

Proficiency in ISO 55001 Internal Auditor Training is essential for Asset Managers, Auditors, Maintenance Engineers, and Risk Managers. Mastering this standard empowers professionals to assess, maintain, and improve asset management processes, ensuring compliance, reducing risks, and enhancing operational efficiency. It is vital for those aiming to ensure the longevity and performance of physical assets in their organisations.

The Knowledge Academy's 2-day course equips delegates with the fundamental principles and practical auditing skills related to ISO 55001. Through interactive workshops and expert-led sessions, delegates gain a comprehensive understanding of the standard's requirements, the auditing process, and how to ensure Asset Management Systems meet international standards. Delegates learn to conduct internal audits, identify non-conformities, and recommend improvements effectively.

Course Objectives

• To understand the key principles of ISO 55001 and Asset Management Systems
• To learn how to conduct internal audits for ISO 55001 compliance
• To analyse and evaluate asset management performance against ISO 55001 standards
• To identify non-conformities and suggest corrective actions
• To enhance the effectiveness and efficiency of asset management processes
• To ensure alignment of asset management strategies with organisational objectives

Upon completing this course, delegates will have acquired the knowledge and skills necessary to conduct internal audits of Asset Management Systems effectively, helping organisations to achieve ISO 55001 compliance and optimise their asset management processes.

Benefits of ISO 55001 Internal Auditor Training 

ISO 55001 Internal Auditor Training provides an understanding of how to assess and maintain Asset Management Systems (AMS) in line with ISO 55001. It equips learners with the knowledge required to conduct effective internal audits that support risk reduction, and asset performance improvement. 

Here are the key benefits of ISO 55001 Internal Auditor Training:

• Expertise in Asset Management Systems: Understand how AMS work, their importance, and how to evaluate their effectiveness.
• Audit Different Asset Types: Build skills in auditing financial, enterprise, infrastructure, IT, digital, and software assets for comprehensive coverage.
• Align Audits with Organisational Context: Understand stakeholder needs, organisational objectives, and the scope of asset management systems to plan effective audits.
• Enhance Leadership Insight: Learn to assess leadership commitment, policies, roles, and responsibilities during internal audits.
• Asset Lifecycle Proficiency: Gain the ability to review asset planning, acquisition, operation, maintenance, and disposal processes.
• Improve Asset Auditing Capability: Learn how to perform asset audits, evaluate compliance, measure performance, and identify opportunities for improvement.

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

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

ISO 55001 Internal 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