Course information

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 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 (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

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Who should attend this ISO 55001 Internal Auditor Training Course?

This ISO 55001 Internal Auditor Training Course is ideal for individuals responsible for managing assets, overseeing asset management systems, or seeking to enhance their auditing skills within organizations aiming for ISO 55001 certification or maintaining their compliance. This course can be beneficial for a wide range professional, including:

  • 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

This course on ISO 55001, the international standard for Asset Management Systems, explains everything you need to know completely. Through this program internal auditors would be armed with the right knowledge and skills required to support their organizations in achieving ISO 55001 certification by emphasizing the significance of the framework as a tool for optimized asset lifecycle management.

The mastery of ISO 55001 is critical because assets are managed efficiently, risks are minimized, and value is derived throughout their lifecycle. The training will most likely be of great help and will be ideal for the asset managers, operational managers, and the quality assurance service providers in institutions as far as asset management practices are concerned.

The 2-day training aims to give participants hands-on practical experience through different activities and case studies. With the help of these, delegates will learn how to carry out ISO 55001 compliant internal audits successfully. This will help them to be able to create gainful opportunities, check their unit against the standard, and work for better results which will lead to better performance of organization’s asset management system.

Course Objectives

  • To provide an understanding of the ISO 55001 standard and its application
  • To equip delegates with the skills necessary to plan and conduct internal audits effectively
  • To enable delegates to identify non-conformities and areas for improvement in asset management systems
  • To teach the reporting and follow-up processes of an audit
  • To enhance participants' knowledge on how to advise their organizations towards ISO 55001 certification
  • To foster a continuous improvement culture within the organization’s asset management practices

After completing the course, the participants will be awarded a completion certificate, fixating their authority to do the internal testing against ISO 55001 norms. This certification assures of the applicants' expertise in the asset management system audit which paves the way for their ascent to management and leadership positions in the organization that concerned.

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

  • ISO 55001 Internal Auditor Examination
  • World-Class Training Sessions from Experienced Instructors
  • ISO 55001 Internal Auditor 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  

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Chennai is situated within the South Eastern coast of India on the Coromandel Coast, as well as it being the capital city of Tamil Nadu, it is also the fourth largest city within India. Madras or Detroit of India as the city is otherwise known was home to around 82,790 people in 2011 making it the third largest expatriate population within India as it grew from around 35,000 people recorded in 2009. Chennai plays an important part within India’s automobile industry. There are some well-known universities within Chennai, however the IIT Madras which offers engineering courses is highly regarded amongst the top of its kind within India, along with the College of Engineering, Guindy which is up in the top ten engineering colleges also within India which is owned by Tamil Nadu. The schools within Chennai are either owned by Tamil Nadu or privately run, however still with some help financially from the government. Students have a number of different options within colleges as to what they want to study, with regards to the Alagappa College of Technology and the College of Engineering, Guindy, offers courses within technology, engineering or architecture. The university subjects can include the pervious subjects along with science, arts, law, commerce, and medicine. One of the biggest universities within Chennai which has five campuses throughout the city is the University of Madras which is also linked to colleges such as the Presidency College, madras Medical College, Madras Christian College and the Madras School of Social Work. Chennai also offers weekend education courses for students who are Japanese nationals living in the city through the Japanese School Education Trust, it is possible to provide support through learning. Chennai is also home to the Central Leather Research Institute which is the world’s largest research organisation in leather and is situated within Adyar. There is also a branch organisation from the Central Electronic Engineering Research Institute within Chennai as it plays a big part of the electronic research within India, Institutes such as the institute of Mathematical Science also offers students the chance to work on physical, mathematical and computer sciences.

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Address

Tech 360 Consultancy Services
No. 1/807 A, 
Pillayar Koil Street
Thoraipakkam
Chennai

T: +91 8037244591

Ways to take this course

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

Experience the most sought-after learning style with The Knowledge Academy's ISO 55001 Internal Auditor Training | ISO 55001 Training in Chennai. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led ISO 55001 Internal Auditor Training | ISO 55001 Training in Chennai sessions.

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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"

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