ISO 55001 Foundation Course Overview

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 Prerequisites

Certainly! 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.


Target Audience for ISO 55001 Foundation

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


  2. 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.

Technical Topic Explanation

ISO 55001

ISO 55001 is an international standard for asset management systems. It provides a framework for establishing, implementing, maintaining, and improving an asset management system. The standard helps organizations manage their assets more efficiently and effectively through the entire lifecycle, from acquisition to disposal, aiming to achieve the organization's objectives. Pursuing ISO 55001 certification indicates that a company adheres to best practices in managing its assets, which can increase asset reliability, extend their life and reduce costs. ISO 55001 training helps teams gain the necessary skills to implement this system successfully.

Asset performance

Asset performance refers to how effectively physical assets, such as machinery and equipment, are managed and utilized to achieve business goals. ISO 55001 asset management is a standard that provides a framework for establishing, implementing, maintaining, and improving an asset management system. This ensures optimal performance and a reliable lifecycle for assets.

Efficient asset management under ISO 55001 helps organizations stretch the useful life of their assets, enhances overall productivity, and reduces operational costs. Achieving ISO 55001 certification demonstrates that an organization adheres to global practices for effective asset management.

ISO 55001

The ISO 55001 certification exam assesses knowledge of the ISO 55001 asset management standard, which guides organizations in establishing, implementing, maintaining, and improving an asset management system. This international standard aims to help organizations achieve the best possible returns from their assets, considering cost, risk, and performance. ISO 55001 training prepares professionals to understand and utilize the ISO 55001 asset management system effectively, ensuring optimal management of assets throughout their lifecycle, from acquisition to disposition. Earning ISO 55001 certification demonstrates expertise in asset management principles and practices.

Target Audience for ISO 55001 Foundation

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


  2. 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.