ISO 55001 Internal Auditor Training | ISO 55001 Training in Omaha

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

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.

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 Organizational Context: Understand stakeholder needs, organizational 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?

• 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