Course Description
The ISO 55001 Lead Auditor certification is a globally recognized standard focused on the most efficient management of assets within a company. It covers various aspects such as acquisition, operation, maintenance, and disposal of assets. This standard assists organizations in achieving strategic objectives by optimizing asset-based costs, risks, and performance. Industries use this certification to demonstrate competence in asset management, improve stakeholder confidence, and comply with legal and regulatory requirements. Attaining this certification involves in-depth understanding and application of the ISO 55001 standard’s principles and guidelines to conduct and lead an effective audit within an organization.
This Asset Management System (AMS) ISO 55001:2014 Certification is designed to understand
What asset management means.
The benefits of asset management.
Best practices in asset management.
How to implement an asset management system in any organization.
Detailed Learning Outcomes
By earning the ISO 55001 Lead Auditor Certification, candidates demonstrate the ability to:
1. Fundamentals of ISO 55001 and Asset Management
- Purpose and scope of ISO 55001
- Principles of asset management
- Role of AMS in value realization
2. Asset Management Context and Governance
- Organizational context and stakeholder needs
- Asset management policy and objectives
- Governance and leadership accountability
3. ISO 55001 Requirements and Interpretation
- Clause-by-clause understanding
- Strategic alignment of asset management
- Integration with organizational objectives
4. Asset Lifecycle Management
- Planning, acquisition, operation, and disposal
- Lifecycle cost and performance considerations
- Auditing lifecycle effectiveness
5. Risk-Based Thinking and Decision-Making
- Identifying asset-related risks and opportunities
- Risk evaluation and treatment
- Auditing risk-informed decisions
6. Asset Information and Performance Management
- Asset data, information, and documentation
- Performance monitoring and indicators
- Auditing data reliability and use
7. Audit Planning and Preparation
- Defining audit scope, objectives, and criteria
- Developing audit plans and checklists
- Managing audit resources
8. Conducting ISO 55001 Audits
- Opening meetings and audit execution
- Interviewing leadership and technical personnel
- Collecting objective audit evidence
9. Operational Control and Maintenance Management
- Auditing operational and maintenance controls
- Outsourcing and contractor management
- Asset reliability and availability
10. Identifying and Writing Nonconformities
- Objective evidence and audit findings
- Classifying nonconformities
- Assessing asset performance and risk impact
11. Audit Reporting and Corrective Actions
- Preparing professional audit reports
- Communicating audit conclusions
- Verifying corrective action effectiveness
12. Leading Audit Teams and Professional Conduct
- Managing and coordinating audit teams
- Ensuring auditor competence and impartiality
- Handling sensitive asset and financial information
13. Audit Program Management and Continual Improvement
- Managing AMS audit programs
- Using audits to improve asset management maturity
- Supporting certification and surveillance audits
Professional and Career Benefits
ISO 55001 Lead Auditor certified professionals are recognized for their ability to:
- Lead high-impact asset management system audits
- Improve asset performance, reliability, and value
- Reduce asset-related risks and lifecycle costs
- Strengthen governance and investment decision-making
- Support certification and regulatory assurance initiatives
The certification supports career advancement into roles such as:
- ISO 55001 Lead Auditor
- Asset or Maintenance Manager
- Infrastructure or Facilities Manager
- Risk and Governance Manager
- Asset Management Systems Consultant
- Certification Body or Third-Party Auditor
Certification Validity & Renewal
Renewal is designed to:
- Maintain professional credibility
- Ensure continued alignment with evolving asset management practices
- Protect the long-term value of the certification
Timely renewal allows professionals to retain active certification status without interruption.
