Last Updated : 05 Aug 2024

ISO 55001 Foundation Course Overview

The ISO 55001 Foundation course is designed to introduce learners to the core principles and requirements of an Asset Management System (AMS) as stipulated by ISO 55001 standards. Through this course, participants will gain a comprehensive understanding of the concepts and practices that are essential to the effective management of assets throughout their lifecycle.

Module 1: Introduction delves into the foundational concepts of AMS, exploring how ISO 55001 can be applied to optimize Asset performance and align with organizational objectives.

Module 2: Certification Exam prepares learners for the ISO 55001 certification exam, ensuring they have the knowledge and skills necessary to implement and manage an AMS according to international standards. This certification acknowledges proficiency in asset management, potentially opening doors to career advancement and organizational improvement.

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Course Fee	1,400
Total Fees (with exam)	1,400 (USD)

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Course Fee	1,050
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Flexi Video	16,449
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Hands-On-Labs²	4,159
+ GST 18%	4,259
Total Fees (without exam & Labs)	22,359 (INR)
Total Fees (with Labs)	28,359 (INR)

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Course Prerequisites

For those looking to undertake training in the ISO 55001 Foundation course, here are the minimum required prerequisites:

Basic understanding of Asset Management principles and practices.
Familiarity with the general concepts of management systems.
Awareness of the importance of assets in an organization and the need for Asset Management.
No prior experience with ISO standards is necessary, but a general awareness of how they function can be beneficial.

Please note that these prerequisites are designed to ensure that you have a foundational knowledge to build upon during the course. The training is structured to guide you through the necessary concepts and prepare you for the certification exam, regardless of your current level of expertise in Asset Management.

Exam-Format Table

Exam Component	Details
Exam Name	ISO 55001 Foundation Certification Exam
Exam Type	Multiple Choice Questions (MCQs)
Total Questions	40
Passing Score	70%
Exam Duration	60 Minutes
Language	English (other languages may be available depending on the provider)
Exam Provider	PECB
Exam Registration	Through PECB and Koenig
Certification Validity	Lifetime
Recommended Training	ISO 55001 Foundation

ISO 55001 Foundation

ISO 55001 Lead Implementer

Target Audience for ISO 55001 Foundation

The ISO 55001 Foundation course provides a fundamental understanding of Asset Management Systems (AMS) aligned with ISO standards, ideal for professionals seeking certification.
Target Audience for ISO 55001 Foundation Course:

Asset Managers
Operations Managers
Maintenance Managers
Quality Assurance Professionals
Compliance Officers
Risk Management Specialists
Facilities Managers
Financial Analysts focusing on asset-intensive industries
Corporate Executives involved in asset management
Engineers and Consultants in Asset Management
Professionals aiming to understand AMS requirements
Individuals seeking a career in asset management
ISO Auditors and Assessors looking to expand their knowledge base

Learning Objectives - What you will Learn in this ISO 55001 Foundation?

Introduction to ISO 55001 Foundation Course Learning Outcomes

Gain a foundational understanding of Asset Management Systems aligned with ISO 55001 standards and prepare for the certification exam to validate your knowledge.

Learning Objectives and Outcomes:

Comprehend the key concepts and principles of Asset Management as per the ISO 55001 requirements.
Understand the purpose and benefits of an Asset Management System (AMS).
Recognize the components and processes of an AMS, and how they contribute to organizational performance.
Learn how to establish, implement, maintain, and improve an AMS within an organization.
Identify the roles, responsibilities, and competencies required for an AMS.
Grasp the strategic and operational aspects of asset management in line with ISO 55001 standards.
Develop the ability to analyze and apply the knowledge of ISO 55001 to various cases and scenarios.
Prepare for the ISO 55001 Foundation certification exam with an understanding of exam structure and question formats.
Gain insights into the best practices and continual improvement processes for AMS.
Equip yourself with the knowledge to contribute to asset management policy formulation and strategy development within your organization.