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ISO 55001 Lead Auditor Course Overview

ISO 55001 Lead Auditor Course Overview

The ISO 55001 Lead Auditor course is designed to equip learners with the knowledge and skills required to perform audits of Asset Management Systems (AMS) against the ISO 55001 standard. Through this comprehensive training, participants will gain an understanding of the Audit process from initiation to closing, including how to manage an audit program, conduct Stage 1 and stage 2 audits, communicate effectively during the audit, and document findings.

Module 1 sets the groundwork with an introduction to asset management, the standard, and its regulatory framework, while subsequent modules delve deeply into the Audit principles, preparation, execution, and closing activities. By the end of the course, learners will be ready to evaluate action plans and lead an audit team efficiently.

Those completing the ISO 55001 asset management training will emerge with the proficiency to assess the conformance of an organization's asset management to the ISO 55001 standard, thereby enhancing their professional standing and contributing to the continuous improvement of asset management practices. The course culminates with a final exam to validate the knowledge acquired.

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Course Prerequisites

Certainly! For individuals interested in undertaking the ISO 55001 Lead Auditor course, here are the minimum required prerequisites:


  • Basic understanding of asset management principles and concepts.
  • Familiarity with the Plan-Do-Check-Act (PDCA) cycle and its application within management systems.
  • Knowledge of the key elements of an Asset Management System (AMS) and their interrelationships.
  • Awareness of commonly used asset management terms and definitions as per ISO 55000.
  • Experience with or basic knowledge of management systems and the core elements of a management system audit.
  • Analytical and evaluative skills to assess an organization’s asset management processes and procedures.
  • Ability to comprehend complex documents and standards, such as the ISO 55001 standard.
  • Basic skills in communication, teamwork, and problem-solving.

Please note that while these prerequisites are aimed at ensuring participants are equipped to make the most out of the training, the course is designed to be comprehensive and will cover fundamental concepts in detail. Therefore, individuals with a keen interest in asset management and auditing who meet these prerequisites are encouraged to enroll.


Exam-Format Table
Exam ComponentDetails
Exam NameISO 55001 Lead Auditor Certification Exam
Exam TypeMultiple Choice Questions (MCQs),
Total Questions80
Passing Score 70%
Exam Duration3 hours
Language English, Spanish, Portuguese
Exam ProviderPECB
Exam RegistrationThrough accredited certification bodies or authorized training partners
Certification ValidityGenerally 3 years (subject to renewal and continuing professional development)
Recommended TrainingISO 55001 Lead Auditor Training Course
ISO 55001 Lead Implementer
ISO 55001 Lead Auditor

Target Audience for ISO 55001 Lead Auditor

The ISO 55001 Lead Auditor course is designed for professionals managing and assessing asset management systems.


  • Asset Managers
  • Compliance Officers
  • Quality Assurance Managers
  • Risk Managers
  • Internal Auditors
  • External Auditors
  • Consultants in Asset Management
  • Technical Experts
  • Operations Managers
  • Maintenance Managers
  • Engineers with a focus on asset lifecycle
  • Individuals responsible for asset management in an organization
  • Professionals seeking to gain comprehensive knowledge of the main processes of Asset Management Systems (AMS)
  • Experts wanting to prepare and conduct an asset management system audit
  • Individuals aspiring to become certified auditors or lead auditors
  • Corporate staff overseeing the effectiveness of asset management in their organization


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

Introduction to the ISO 55001 Lead Auditor Course Learning Outcomes

Gain expert knowledge in asset management systems and become proficient in conducting and leading ISO 55001 audits to improve organizational asset management practices.

Learning Objectives and Outcomes

  • Understand the purpose and structure of ISO 55001 and how it applies to effective asset management.
  • Learn about the standard and regulatory framework related to asset management systems.
  • Grasp the certification process for ISO 55001, including the requirements for organizations to achieve certification.
  • Comprehend fundamental concepts and principles of asset management to enhance organizational performance.
  • Gain insights into the components and operations of an Asset Management System (AMS).
  • Master the fundamental concepts and principles of conducting an audit, with an emphasis on an evidence-based and risk-oriented approach.
  • Prepare and initiate audits, including a detailed understanding of the Stage 1 audit process.
  • Develop skills necessary to plan and execute a Stage 2 on-site audit efficiently and effectively.
  • Learn how to communicate effectively during the audit and create audit test plans, draft findings, and nonconformity reports.
  • Acquire the ability to document, review the quality of audit findings, close audits, and evaluate corrective action plans post-audit.
  • Learn how to manage and maintain an internal audit program to ensure continuous improvement and compliance.
  • Gain the competencies required to evaluate auditor performance and conclude the training with a final exam to validate knowledge and skills.

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