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.


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.

Technical Topic Explanation

Asset Management Systems (AMS)

Asset Management Systems (AMS) refer to a set of processes and tools designed to help organizations manage their assets, such as infrastructure, facilities, and equipment, throughout their lifecycle. By effectively using an AMS, organizations can optimize asset usage, reduce costs, and improve their overall efficiency. Implementing ISO 55001, a globally recognized standard for asset management, can further enhance these capabilities. Training and certification courses, such as ISO 55001 auditor training, lead auditor courses, and internal auditor training, are critical for professionals to gain the skills needed to evaluate and improve an AMS effectively.

ISO 55001 standard

ISO 55001 is a global standard that guides the effective management of physical assets. Its main objective is to help organizations control the entire lifecycle of an asset, from acquisition to disposal, ensuring optimal performance, reduced costs, and meeting safety and sustainability benchmarks. Adherence to this standard enhances an organization's ability to manage assets strategically and align with overall business goals. The certifications and training, such as ISO 55001 auditor certification and ISO 55001 asset management training, are vital for professionals aiming to implement or audit asset management systems effectively.

Audit process

An audit process in the context of ISO 55001 involves a systematic review of an organization's asset management system to ensure compliance with the standards specified in ISO 55001. This process is crucial for maintaining certification and improving asset management effectiveness. Auditors, who may have completed ISO 55001 auditor training or an ISO 55001 lead auditor course, evaluate whether the asset management practices align with the organization's goals and ISO guidelines. The findings from these audits help in identifying areas of improvement to enhance overall asset performance and management efficiency.

Stage 1 and stage 2 audits

Stage 1 and Stage 2 audits are key components in the certification process for management systems like ISO 55001, which focuses on asset management. In a Stage 1 audit, the auditor evaluates an organization's readiness and its documented management systems against ISO standards. This preliminary assessment identifies any major gaps that need addressing before moving forward. If successful, the process advances to the Stage 2 audit, where the auditor conducts a more detailed and thorough examination of the management system's implementation and effectiveness, verifying that it operates efficiently and conforms to the standards specified by ISO 55001.

Audit principles

Audit principles are foundational guidelines that ensure the accuracy, consistency, and reliability of an auditing process. These principles include integrity, objectivity, confidentiality, and competence. They guide auditors in performing audits effectively and foster trust in the audit results. Understanding these principles is crucial, particularly if you're undergoing ISO 55001 auditor training or aiming for an ISO 55001 auditor certification. These trainings, like the ISO 55001 lead auditor course and ISO 55001 internal auditor training, are designed to deepen understanding of asset management per the ISO 55001 asset management training standards, enhancing both the efficiency and effectiveness of asset management systems.

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.