ISO 55001:2024 Asset Management Systems Internal Auditor

About Course

Develop asset management internal audit skills through 12 modules and 36 text lessons with written practice and feedback. Cover value, context, decision making, leadership, the SAMP, objectives, data, knowledge, lifecycle operations, external provision, evaluation and improvement. Practise planning, evidence, calculations, findings and follow-up. Includes a 40-question exam and a marked campus asset management case. Total learning workload is 14 hours excluding breaks.

LO01: Explain value, asset portfolios and the purpose of ISO 55001:2024.
LO02: Audit context, interested parties, scope and asset management decision criteria.
LO03: Evaluate leadership, policy, accountability and cross-functional alignment.
LO04: Trace organizational goals through the SAMP, objectives, plans and change planning.
LO05: Evaluate resources, competence, communications, data, records and knowledge.
LO06: Audit lifecycle controls, maintenance, operational change and external provision.
LO07: Evaluate performance, internal audit, management review and corrective action.
LO08: Apply audit principles, independence, competence and risk-based programme planning.
LO09: Define objectives, scope, criteria, sampling and a practical audit plan.
LO10: Collect and corroborate evidence through interviews, observation and records.
LO11: Write defensible findings, report conclusions and verify corrective action.
LO12: Apply the full audit cycle to an asset management case and prepare assessment responses.

Course Content

Asset management foundations
Explain value, asset portfolios and the purpose of ISO 55001:2024.

Assets, value and stakeholder outcomes
Portfolio, asset systems and lifecycle
ISO 55001 structure and edition basis

Context and decision making
Audit context, interested parties, scope and asset management decision criteria.

Leadership and alignment
Evaluate leadership, policy, accountability and cross-functional alignment.

Strategic planning and objectives
Trace organizational goals through the SAMP, objectives, plans and change planning.

People and asset information
Evaluate resources, competence, communications, data, records and knowledge.

Lifecycle operations
Audit lifecycle controls, maintenance, operational change and external provision.

Evaluation and improvement
Evaluate performance, internal audit, management review and corrective action.

Auditor principles and programme
Apply audit principles, independence, competence and risk-based programme planning.

Preparing the internal audit
Define objectives, scope, criteria, sampling and a practical audit plan.

Conducting the audit
Collect and corroborate evidence through interviews, observation and records.

Findings and follow-up
Write defensible findings, report conclusions and verify corrective action.

Integrated audit practice
Apply the full audit cycle to an asset management case and prepare assessment responses.

Assessment

Add this certificate to your resume to demonstrate your skills & increase your chances of getting noticed.

Student Ratings & Reviews

No Review Yet

Share this course

About Course

What Will You Learn?

Course Content

Asset management foundations Explain value, asset portfolios and the purpose of ISO 55001:2024.

Assets, value and stakeholder outcomes

Portfolio, asset systems and lifecycle

ISO 55001 structure and edition basis

Context and decision making Audit context, interested parties, scope and asset management decision criteria.

Context and interested parties

Scope and system boundaries

Decision criteria and whole-life choices

Leadership and alignment Evaluate leadership, policy, accountability and cross-functional alignment.

Leadership and policy

Roles, authority and accountability

Alignment of financial and technical information

Strategic planning and objectives Trace organizational goals through the SAMP, objectives, plans and change planning.

Strategic asset management planning

Risk, opportunities and measurable objectives

Plans, resources and planned changes

People and asset information Evaluate resources, competence, communications, data, records and knowledge.

Resources, competence and awareness

Asset data, information and documented controls

Communication and organizational knowledge

Lifecycle operations Audit lifecycle controls, maintenance, operational change and external provision.

Lifecycle operational planning and control

Maintenance, condition and operational performance

Operational change and external providers

Evaluation and improvement Evaluate performance, internal audit, management review and corrective action.

Monitoring and evaluating the AMS

Internal audit and management review

Corrective action and proactive improvement

Auditor principles and programme Apply audit principles, independence, competence and risk-based programme planning.

Audit principles and ethical behaviour

Audit programme and auditor competence

Audit objectives, scope and criteria

Preparing the internal audit Define objectives, scope, criteria, sampling and a practical audit plan.

Document review and evidence requests

Sampling and risk-based selection

Audit plan, checklist and opening meeting

Conducting the audit Collect and corroborate evidence through interviews, observation and records.

Interviewing and corroboration

Observation, records and safe access

Evaluating evidence and performance calculations

Findings and follow-up Write defensible findings, report conclusions and verify corrective action.

Writing nonconformities and supported strengths

Closing meeting and audit report

Follow-up and effectiveness verification

Integrated audit practice Apply the full audit cycle to an asset management case and prepare assessment responses.

Integrated case preparation

Lifecycle decision and reporting workshop

Assessment preparation and workplace application