ISO 55001 Asset Management System Lead Auditor

Module 1: Introduction to Asset Management

• Asset management concepts
• Types of organisational assets
• Asset value
• Asset lifecycle
• Asset management principles
• Organisational benefits

Module 2: Understanding ISO 55001

• Purpose of ISO 55001
• Scope and application
• Key terminology
• Asset Management System approach
• Value-based asset management
• Organisational application

Module 3: Asset Management System Framework

• Organisational context
• Leadership
• Planning
• Support
• Operations
• Performance and improvement

Module 4: Organisational Context

• Internal issues
• External issues
• Business environment
• Organisational objectives
• Asset-related considerations
• Context evaluation

Module 5: Interested Parties & Asset Requirements

• Interested parties
• Stakeholder expectations
• Customer requirements
• Asset-related requirements
• Organisational priorities
• System scope

Module 6: Leadership & Asset Management Policy

• Leadership responsibilities
• Management commitment
• Asset management policy
• Roles and authorities
• Accountability
• Asset management culture

Module 7: Strategic Asset Management Planning

• Strategic alignment
• Asset management objectives
• Strategic Asset Management Plan
• Asset priorities
• Resource considerations
• Performance expectations

Module 8: Management System Audit Principles

• Integrity
• Fair presentation
• Professional care
• Confidentiality
• Independence
• Evidence-based auditing

Module 9: Lead Auditor Roles & Responsibilities

• Audit leadership
• Auditor competence
• Professional behaviour
• Team responsibilities
• Audit communication
• Audit accountability

Module 10: Establishing the Audit Programme

• Programme objectives
• Audit priorities
• Audit frequency
• Risk-based scheduling
• Resource requirements
• Programme monitoring

Module 11: Risk-Based Audit Planning

• Critical assets
• Asset-related risks
• High-risk processes
• Previous findings
• Performance concerns
• Audit priorities

Module 12: Audit Objectives, Scope & Criteria

• Audit objectives
• Audit boundaries
• Audit scope
• Audit criteria
• Relevant functions
• Audit feasibility

Module 13: Preparing the Audit

• Documentation review
• Asset information review
• Audit plans
• Audit checklists
• Sampling strategies
• Working documents

Module 14: Managing the Audit Team

• Auditor selection
• Assigning responsibilities
• Team coordination
• Monitoring progress
• Resolving audit issues
• Maintaining consistency

Module 15: Conducting Opening Meetings

• Introductions
• Confirming objectives
• Confirming scope
• Audit methodology
• Communication arrangements
• Audit schedule

Module 16: Audit Interviewing Techniques

• Interview preparation
• Open-ended questions
• Probing techniques
• Active listening
• Verifying responses
• Professional communication

Module 17: Gathering & Verifying Audit Evidence

• Interviews
• Observation
• Document review
• Asset records
• Sampling
• Evidence verification

Module 18: Auditing Asset Management Objectives

• Strategic alignment
• Measurable objectives
• Performance targets
• Responsibilities
• Resources
• Achievement monitoring

Module 19: Auditing Asset Risks & Opportunities

• Risk identification
• Risk assessment
• Risk prioritisation
• Existing controls
• Risk treatment
• Opportunity management

Module 20: Auditing Asset Lifecycle Management

• Asset acquisition
• Commissioning
• Utilisation
• Maintenance
• Renewal and replacement
• Asset disposal

Module 21: Auditing Asset Information

• Asset registers
• Asset data
• Information requirements
• Data quality
• Documented information
• Information controls

Module 22: Auditing Operational Controls

• Operational requirements
• Asset operating criteria
• Maintenance controls
• Process controls
• Management of change
• Control effectiveness

Module 23: Auditing Asset Performance

• Asset condition
• Reliability
• Availability
• Performance indicators
• Monitoring and measurement
• Performance trends

Module 24: Auditing Resources & Competence

• Resource availability
• Competence requirements
• Training
• Awareness
• Responsibility allocation
• Competence records

Module 25: Auditing Management Review

• Management review inputs
• Asset performance
• Audit results
• Risk information
• Management decisions
• Improvement actions

Module 26: Developing Audit Findings

• Evaluating evidence
• Conformity
• Nonconformity
• Audit observations
• Finding statements
• Supporting evidence

Module 27: Conducting Closing Meetings

• Presenting findings
• Explaining evidence
• Communicating conclusions
• Managing disagreements
• Confirming next steps
• Closing the audit

Module 28: Lead Audit Reporting

• Audit report structure
• Executive summary
• Audit findings
• Audit conclusions
• Report accuracy
• Report communication

Module 29: Corrective Actions & Audit Follow-Up

• Root cause evaluation
• Corrective action plans
• Management responses
• Follow-up activities
• Effectiveness verification
• Closing findings

Module 30: Continual Improvement of the AMS

• Audit insights
• Recurring asset issues
• Lessons learned
• Asset performance improvement
• System maturity
• Continual improvement