ISO 55001 Asset Management System: Lead Auditor

Course Overview

This five-day intensive course enables participants to develop the needed expertise to audit a project and to manage a team of auditors by applying widely recognized audit principles, procedures and techniques. During this training, the participants will acquire the necessary knowledge and skills to proficiently plan and perform internal and external audit in compliance with ISO 19011 and ISO 17021 standards. Based on practical exercises, the participants will develop the skills (mastering audit techniques) and competencies (managing audit teams and audit program, communicating with customers, conflict resolution, etc.) necessary to efficiently conduct an audit.

Who should attend?

• Internal auditors
• Auditors wanting to perform and lead Asset Management System (AMS) certification audits
• Project managers or consultants wanting to master Asset Management System audit process
• CxO and Senior Managers responsible for the asset management of an enterprise and the management of its risks
• Members of asset management team
• Expert advisors in asset management
• Technical experts wanting to prepare for an asset management audit function

Learning objectives

• To acquire the expertise to perform an ISO 55001 internal audit following ISO 19011 guidelines
• To acquire the expertise to perform an ISO 55001 certification audit following ISO 19011 guidelines and the specifications of ISO 17021
• To acquire the necessary expertise to manage an AMS audit team
• To understand the operation of an ISO 55001 conformant asset management system
• To understand the relationship between an Asset Management System, including risk management, controls and compliance with the requirements of different stakeholders of the organization
• To improve the ability to analyze the internal and external environment of an organization, its risk assessment and audit decision-making

Course Agenda

Day 1: Introduction to asset management and ISO 55001

• Normative, regulatory and legal framework related to asset management
• Fundamental principles of asset management
• ISO 55001 certification process
• Asset Management System (AMS)
• Detailed presentation of the clauses 4 to 8 of ISO 55001

Day 2: Planning and Initiating an ISO 55001 audit

• Fundamental audit concepts and principles
• Audit approach based on evidence and risk
• Preparation of an ISO 55001 certification audit
• AMS documentation audit
• Conducting an opening meeting

Day 3: Conducting an ISO 55001 audit

• Communication during the audit
• Audit procedures: observation, document review, interview, sampling techniques, technical verification, corroboration and evaluation
• Audit test plans
• Formulation of audit findings
• Documentation of nonconformities

Day 4: Concluding and ensuring the follow-up of an ISO 55001 audit

• Audit documentation
• Quality review
• Conducting a closing meeting and conclusion of an ISO 55001 audit
• Evaluation of corrective action plans
• ISO 55001 Surveillance audit
• Internal audit management program

Day 5: Certification Exam

Prerequisites

ISO 55001 Foundation Certification or basic knowledge of ISO 55001 or Asset Management is recommended

Educational approach

• This training is based on both theory and practice:
  • Sessions of lectures illustrated with examples based on real cases
  • Practical exercises based on a full case study including role playing and oral presentations
  • Review exercises to assist the exam preparation
  • Practice test similar to the certification exam