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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Mumbai is situated within the West Coast of India, as well as it being the capital of Maharashtra, it plays an important part within the global economics system. Bombay as the city was previously known as, up until 1995 is also known as an alpha world city and has the largest number of millionaires and billionaires across India, with it therefor being noted as the wealthiest city in India. Mumbai is home to around 18.4 million people and is regarded as the second largest metropolitan population within India as of the record in 2011 with 20.7 million people. Schools and Colleges within Mumbai can be found within the city as well as the suburbs and are either run privately, by the government or the Brihanmumbai Municipal Corporation. Secondary schools are operated by the MCGM primary education system to which it is schooling around 485,531 students in 1,188 primary schools and around 55,576 students in 49 secondary schools within eight different languages these being English, Hindi, Urdu, Kannada, Marathi, Tamil, Gujarati and Telugu. Colleges offer students opportunities to participate within Junior college level, undergraduate level, BCom, BSc and BA courses. As stated by the 10+2+3/4 plan students complete ten years at school to then go on to a junior college and study either science, commerce or arts and they complete that over a two year period. University courses at a degree level are offered in a wide range of different subjects such as engineering, law, media, applied arts and architecture, management, dental, pharmacy as well as Commerce and Science. There are a few universities and colleges within Mumbai and these are the University Institute of Chemical Technology, Indian Institute of Technology (Bombay), SNDT Women’s University, Government Law college, Veermata Jijabai Technological Institute, Narsee Monejee Institute of Management Studies, Sir J. J. School of Art which is the oldest art institution within Mumbai along the Thadomal Shahani Engineering College which is also the oldest private engineering college and the first of its kind to join up with the University of Mumbai to be able to give students the chance to learn about the biomedical engineering, computer engineering, biotechnology and information technology. The University of Mumbai is regarded to be one of the premier universities within India with achievements such as being placed within the top 50 engineering schools of the world ranking at 41 by the American Business Insider within 2013 as well as excelling as the 3rd best multi-disciplinary university within the QS university rankings within India.   

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Address

Safal Institute 
613, Corporate Centre
Nirmal Lifestyles Mall
LBS Marg
Mulund (W)
Mumbai 400080

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 Mumbai. 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 Mumbai, 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 Mumbai. 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 Mumbai 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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