ISO 55001:2014 Asset Management System – Internal Auditor Training

Overview

The course comprehends the basic concepts of an Asset Management System (AMS). The ISO 55001 course will help you understand the importance of an Asset Management System and the benefits that businesses, society and governments can obtain. The aim of this course is to bring the participants to the internal auditor level. The course provides skills, Knowledge and understanding of principles and practices of internal auditing of ISO 55001. On successful completion of the course, the participants should be capable of conducting successful audits of their own to identify deficiencies and appraise the effectiveness of the system.

How will you benefit?

An Asset Management System (AMS) provides best practice approach to managing the lifecycle of assets.

  • Reduced risks associated with ownership of assets – anything from unnecessary maintenance costs and inefficiency to accident prevention. For example, explosions at gas plants.
  • Improved quality assurance for stakeholders – where assets play a vital role in the provision and quality of products and services
  • New business acquisition
  • Supports international business growth and sustainability

Who is this course for?

  • All levels of management who are involved in ISO 55001 internal auditing
  • All levels of management who plan, execute and follow-up on ISO 55001 internal auditing
  • Individuals responsible for maintaining conformance with AMS requirements
  • AMS team members

Duration: 2 days

Mode of Delivery: Trainer Led Virtual class

Prerequisite: None

Learning Outcome

  • Understand the concepts, approaches, methods, and techniques used to implement an Asset Management System
  • Understand the basic elements of an Asset Management System (AMS)
  • Learn to effectively plan, implement, manage, monitor and maintain an AMS
  • Understand the correlation between ISO 55001 and other standards and regulatory frameworks
  • Learn how to interpret the ISO 55001 requirements in the specific perspective of an organization
  • Acquire the expertise to advise an organization in applying Asset Management System best practices

Course Outline

  • Introduction to ISO 55001
  • Introduction to basic concepts and terminologies associated with asset management
  • Philosophy and fundamental principles of ISO 55001
  • Detailed review of the requirements of ISO 55001
  • Introduction to the benefits that will be achieved by the implementation
  • Effective methods for the implementation of ISO 55001
  • Planning of internal auditing
  • Preparing for internal auditing
  • Reporting internal auditing
  • Performing internal auditing
  • Close out internal auditing

The training comprises presentations Highly participative and interactive, group discussions, practical exercise, critique sessions, handouts, course templates and case studies to provide hands-on understanding of the process audit approach and its application.