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Professional Evaluation and Certification Board

delivering certification training programs across a range of ISO standards and regulatory frameworks

ISO 55001 Asset Management Lead Auditor

Course Code

ISO 55001-LA

Course Category

ISO Standards

Learning Mode



Yes (Optional)

Course Material

Downloadable Manual

PECB Certified ISO 55001 Asset Management Lead Auditor

Master the Audit of Asset Management Systems (AMS) based on ISO 55001

The training program for ISO 55001 Lead Auditor is designed to equip individuals with the knowledge and skills that are necessary to enable them to perform audits of an Asset Management System (AMS) by applying widely recognized audit principles, procedures, and techniques. Participants in this training program will be provided with the expertise to plan and conduct both internal as well as external audits in accordance with the ISO 19011 and ISO/IEC 17021-1 certification processes.

The training course also includes practical exercises that enable participants to gain mastery over audit techniques and become proficient in managing an audit program, audit team, communication with customers, and conflict resolution. 

Upon completing the program, participants can take the exam and apply for the PECB Certified ISO Lead Auditor credentials. This certification serves as an indication of the proficiency and competence of individuals in auditing organizations based on the best practices.

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Learning Objectives & Outline

ISO 55001 Asset Management Lead Auditor

Upon successful completion of this training course, the participants will be able to:

  • 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


Moduel 1 - Introduction to asset management and ISO 55001

  • Course objectives and structure

  • Standard and regulatory framework

  • Certification process

  • Fundamental concepts and principles of asset management

  • Asset Management System (AMS)

Module 2 - Audit principles, preparation and launching of an audit

  • Fundamental audit concepts and principles

  • Audit approach based on evidence and risk

  • Initiating the audit

  • Stage 1 audit

  • Preparing the stage 2 audit (on-site audit)

Module 3 - On-site audit activities

  • Stage 2 audit

  • Communication during the audit

  • Audit procedures

  • Creating audit test plans

  • Drafting audit findings and nonconformity reports

Moduel 4 - Closing the audit

  • Documentation of the audit and quality review

  • Closing the audit

  • Evaluation of action plans by the auditor

  • Beyond the initial audit

  • Managing an internal audit programme

  • Competence, evaluation and closing


ISO 55001 Asset Management Lead Auditor

The “PECB Certified ISO 55001 Lead Auditor “exam completely meets the requirements of the PECB 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

After successfully completing the exam, you can apply for one of several ISO 55001 credentials (see attached course brocheur)

  • Certification and examination fees are included in the price of the training course

  • In case of exam failure, you can retake the exam within 12 months for free

Who Should Take this Course

PECB Certified ISO 55001 Asset Management Lead Auditor

  • 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

General Informatio

  • 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

Enrollment & Payment


  • Registration and payment for this training course are prerequisites to participation.

  • Upon payment, you will receive an "Invitation to create a PECB account" from PECB (Professional Evaluation and Certification Board), the global accreditation body for this course of study. This will allow you to set up your account with the requisite pass codes for access to the learning portal.  

  • Once completed your application will be processed within a maximum of two working days, after which you will receive notification by email with confirmation of finalization of registration to access the portal and commence this course of study. 

  • In accordance with exchange control requirements, billings are done in Barbados dollars which exchange at a rate of Barbados $2 to every US$1.

Corporate Training

To book this course for corporate training, click here

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