ISO 55001 Lead Auditor- Asset Management System
ISO 55001 Lead Auditor- Asset Management System
The ISO 55001 Lead Auditor training course will equip you with the necessary skills to audit asset management systems (AMS) based on audit principles and practices. It will provide you with the knowledge and expertise required on how to plan and conduct effective AMS audits, evaluating whether the AMS is effectively implemented, maintained, and aligned with the organization’s strategic asset management objectives.
Why should you attend?
Organizations worldwide increasingly seek qualified auditors to evaluate the effectiveness of asset management practices implemented within an ISO 55001-based AMS. This comprehensive course equips you with the knowledge and skills to plan, conduct, and manage audits in accordance with ISO 19011 (auditing guidelines for management systems) and ISO/IEC 17021-1 (requirements for certification processes).
Through engaging discussions, hands-on exercises, and interactive learning, you will gain a thorough understanding of AMS auditing practices while strengthening your core auditing competencies.
After completing the course, you will have the opportunity to sit for the certification exam. Successful candidates will be awarded the internationally recognized “PECB Certified ISO 55001 Lead Auditor” credential—demonstrating your expertise in auditing organizations for compliance with ISO 55001 requirements.
Who should attend?
This training course is intended for:
- Auditors seeking to conduct and lead AMS audits
- Managers or consultants seeking to master the AMS audit process
- Individuals responsible for maintaining conformity to the AMS requirements in an organization
- Technical experts seeking to prepare for an AMS audit
- Expert advisors in asset management
Learning objectives
By the end of this training course, participants will be able to:
- Explain the fundamental concepts and principles of an asset management system (AMS) based on ISO 55001
- Interpret the ISO 55001 requirements for an AMS from the perspective of an auditor
- Evaluate the AMS conformity to ISO 55001 requirements, in accordance with the fundamental audit concepts and principles
- Plan, conduct, and close an ISO 55001 compliance audit, in accordance with ISO/IEC 17021-1 requirements, ISO 19011 guidelines, and other best practices in auditing
- Manage an ISO 55001 audit program
Educational approach
- PECB recommends scheduling two short breaks (15 minutes), and a lunch break (one hour) per training day. The time of the breaks can be adjusted accordingly.
- Participants are strongly encouraged to interact with one another, exchange ideas, and actively participate in discussions.
- The quiz structure within the course closely mirrors that of the certification exam, ensuring participants are well-prepared for the exam.
PECB offers various training course delivery formats, from traditional classroom settings to modern, technology-driven solutions. To learn more about these formats, please click here.
Prerequisites
Participants who attend this training course are required to have a fundamental understanding of asset management concepts and a comprehensive knowledge of AMS audit principles.
Course Agenda
Day 1: Introduction to the asset management system (AMS) and ISO 55001
Day 2: Audit principles and the preparation for and initiation of an audit
Day 3: On-site audit activities
Day 4: Closing of the audit
Day 5: Certification exam
Examination
The “PECB ISO 55001 Lead Auditor” exam fully meets the PECB Examination and Certification Program (ECP) requirements. It covers the following competency domains:
Domain 1: Fundamental principles and concepts of an asset management system
Domain 2: Asset management system requirements
Domain 3: Fundamental audit concepts and principles
Domain 4: Preparing an ISO 55001 audit
Domain 5: Conducting an ISO 55001 audit
Domain 6: Closing an ISO 55001 audit
Domain 7: Managing an ISO 55001 audit program
For specific information about the exam type, languages available, and other details, please visit the List of PECB Exams and the Examination Rules and Policies.
Certificate Requirements
After successfully completing the exam, you can apply for one of the credentials shown on the table below. You will receive a certificate once you comply with all the requirements related to the selected credential.
| Credential | Exam | Professional experience | MS audit/assessment experience | Other requirements |
| PECB Certified ISO 55001 Provisional Auditor | PECB Certified ISO 55001 Lead Auditor Exam or equivalent | None | None | Signing the PECB Code of Ethics |
| PECB Certified ISO 55001 Auditor | PECB 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 PECB Code of Ethics |
| PECB Certified ISO 55001 Lead Auditor | PECB 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 PECB Code of Ethics |
| PECB Certified ISO 55001 Senior Lead Auditor | PECB Certified ISO 55001 Lead Auditor Exam or equivalent | Ten years: Seven years of work experience in Asset Management | Audit activities: a total of 1,000 hours | Signing the PECB Code of Ethics |
The AMS audit activities should follow best practices and include the following:
- Planning an audit
- Managing an audit program
- Drafting audit reports
- Drafting nonconformity reports
- Drafting audit working documents
- Reviewing and managing documented information related to the audit
- Conducting on-site audits
- Following up on nonconformities
- Leading an audit team
For more information about the PECB certification process, please refer to Certification Rules and Policies.
General Information
- Certificate and examination fees are included in the price of the training course.
- Participants will receive more than 450 pages of comprehensive training materials, including practical examples, exercises, and quizzes.
- Participants who have attended the training course will receive an attestation of course completion worth 31 CPD (Continuing Professional Development) credits.
- Candidates who have completed the training course with one of our partners and failed the first exam attempt are eligible to retake the exam for free within a 12-month period from the date the coupon code is received. This is because the fee paid for the training course includes a first exam attempt and one retake. Otherwise, retake fees apply.
For additional information, please contact us at support@pecb.com.