Master the Audit of Asset Management Systems (AMS) based on ISO 55001. By attending this course, you will be able to master the ability of Auditing Asset Management Systems (AMS) based on ISO 55001. Moreover, this course will help you gain the needed expertise to conduct an Asset Management System audit by using the most updated audit procedures, techniques as well as principles. You will also be able to obtain the necessary skills for planning and carrying out internal and external audits that are in line with ISO 19011:2018 and ISO/IEC 17021-1.

ISO 55001 LEAD AUDITOR

Why should you attend?

ISO 55001 Lead Auditor training enables you to develop the necessary expertise to perform an Asset Management System (AMS) audit by applying widely recognized audit principles, procedures and techniques. During this training course, you will acquire the knowledge and skills to plan and carry out internal and external audits in compliance with ISO 19011 and ISO/IEC 17021-1 certification process.Based on practical exercises, you will be able to master audit techniques and become competent to manage an audit program, audit team, communication with customers, and conflict resolution.After acquiring the necessary expertise to perform this audit, you can sit for the exam and apply for Certified ISO 55001 Lead Auditor credentials. By holding a Lead Auditor Certificate, you will demonstrate that you have the capabilities and competencies to audit organizations based on best practices.

Who should attend?

  • Auditors seeking to perform and lead Asset Management System (AMS) certification audits
  • Managers or consultants seeking to master an Asset Management System audit process
  • Individuals responsible for maintaining conformance with AMS requirements
  • Technical experts seeking to prepare for an Asset Management System audit
  • Expert advisors in Asset Management

Learning objectives

  • Understand the operation of an Asset Management System based on ISO 55001 and its principal processes
  • Understand the goal, content and correlation between ISO 55001, ISO 55002 and other standards and regulatory frameworks
  • Understand an auditor’s role in planning, leading and following-up on a management system audit in accordance with ISO 19011
  • Interpret the requirements of ISO 55001 in the context of an AMS audit
  • Acquire the competencies to plan an audit, lead an audit, draft reports, and follow up on an audit in compliance with ISO 19011
  • Strengthen personal skills necessary for an auditor to act with due professional care during an audit

Educational approach

  • This training is based on both theory and best practices used in AMS audits
  • Lecture sessions are illustrated with examples based on case studies
  • Practical exercises are based on a case study which includes role playing and discussions

Prerequisites

A fundamental understanding of ISO 55001, and comprehensive knowledge of audit principles.

Course agenda

Day 1: Introduction to asset management and ISO 55001

Day 2: Audit principles, preparation and launching of an audit

Day 3: On-site audit activities

Day 4: Closing the audit

Day 5: Certification exam

Examination

The Certified ISO 55001 Lead Auditor exam completely meets the requirements of the Examination and Certification Programme (ECP). The exam covers the following competency domains:

 

Domain 1: Fundamental principles and concepts of an Asset Management System

Domain 2: Asset Management System (AMS)

Domain 3: Fundamental audit concepts and principles

Domain 4: Preparation of an ISO 55001 audit

Domain 5: Conducting an ISO 55001 audit

Domain 6: Closing an ISO 55001 audit

Domain 7: Managing an internal ISO 55001 audit programme

For more information about exam details, please visit Examination Rules and Policies

Certification

After successfully completing the exam, you can apply for the credentials shown on the table below. You will receive a certificate once you comply with all the requirements related to the selected credential.

For more information about ISO 55001 certifications and the certification process, please refer to the Certification Rules and Policies.

 

The requirements for Auditor Certifications are:

Credential

Exam

Professional experience

MS audit/ assessment experience

Other requirements

Certified ISO 55001 Provisional Auditor

Certified ISO 55001 Lead Auditor Exam or equivalent

None

None

Signing of Code of Ethics

Certified ISO 55001 Auditor

Certified ISO 55001 Lead Auditor Exam or equivalent

Two years: One year of work experience in Asset Management

Audit activities: a total of 200 hours

Signing the Code of Ethics

Certified ISO 55001 Lead Auditor

Certified ISO 55001 Lead Auditor Exam or equivalent

Five years: Two years of work experience in Asset Management

Audit activities a total of 300 hours

Signing the Code of Ethics

Certified ISO 55001 Senior Lead Auditor

Certified ISO 55001 Lead Auditor Exam or equivalent

Ten years: Seven years of work experience in Asset Management

Audit activities a total of 1000 hours

Signing the Code of Ethics

Note: Certified Individuals who do possess the Lead Implementer and Lead Auditor Credentials are qualified for the respective PECB Master Credential, given they have taken 4 additional Foundation Exams which are related to this scheme. For more detailed information about the Foundation Exams and the overall Master Requirements, please go to the following link: https://pecb.com/en/master-credentials

To be considered valid, these implementation activities should follow best implementation practices and include most of the following activities:

  1. Audit planning
  2. Managing an audit program
  3. Audit interview
  4. Drafting audit reports
  5. Drafting audit working documents
  6. Drafting non-conformity reports
  7. Documentation review
  8. On-site audit
  9. Follow-up on non-conformities
  10. Leading an audit team

General Information

  • Certification fees are included in the exam price
  • Training material containing over 400 pages of information and practical examples will be distributed
  • A participation certificate of 31 CPD (Continuing Professional Development) credits will be issued to participants
  • In case of exam failure, participants are allowed to retake the exam for free under certain conditions