ISO 55001:2014 Lead Auditor Training

Course Duration: 5 Days

This seminar is for lead auditors of ISO 55001:2014 Asset Management Systems and those interested in understanding this perspective.

ISO 55001:2014 is intended to be used for managing physical assets in particular, but it can also be applied to other asset types. It does not specify financial, accounting or technical requirements for managing specific asset types.

Omnex is an Exemplar Global Certified TPECS provider. This five-day course has been developed to satisfy the Exemplar Global AU and TL Examination Profiles. Attendees who successfully pass the exams during this course will achieve a Certificate of Attainment for the following competency units:

· Exemplar Global AU

· Exemplar Global TL

This five-day course was developed to cover all requirements of both the ISO 55001:2014. Group exercises and case studies incorporating guidance from the Standard and ISO 55002:2014 “Asset Management - Management Systems - Guidelines for the application of ISO 55001” will be used to develop the required auditing skills. The international auditing guidelines from ISO 19011 including the auditing process and methodologies, e. g., planning and conducting an audit, writing nonconformity statements, preparing an audit summary and report, verifying corrective action, and the process approach are covered. Techniques for leading audit teams will be discussed.

Learning Objectives

  • Relate the AMS to the organizational products, services, activities and operational processes.
  • Relate organization’s context and interested party needs to the planning and implementation of an AMS.
  • Understanding the application of the principles, procedures and techniques of management system auditing.
  • Understanding the conduct of an effective audit.
  • Understanding how to address any regulatory requirements.
  • Practicing personal attributes necessary for the effective and efficient conduct of a management system audit.
  • Establish, plan and task the activities of an audit team.
  • Communicating effectively.
  • Organizing and directing audit team members.
  • Effectively managing any conflicts.
  • Preparing and completing the audit report.

Course Outline

  • Day One
  • Introduction and Welcome
  • The ISO 55000 Standards Explained
  • Introduction to ISO 55001:2014
  • ISO 55001:2014 Requirements
  • Group Exercise: Context of the Organization
  • Group Exercise: Interested Parties
  • Group Exercise: Audit Scenarios
  • Day Two
  • ISO 55001:2014 Requirements (cont’d)
  • Group Exercises: Audit Scenarios (cont’d)
  • Independent Written Exercise (AM module)
  • Introduction to Turtle Diagrams and Audit Trails
  • Management of Audit Programs
  • Audit Planning and Preparation
  • Breakout Exercise 1: Documentation Review
  • Breakout Exercise 2: Creating an Audit Plan
  • Day Three
  • Performing the Audit
  • Breakout Exercise 3: Performing an Audit
  • Writing Nonconformity (NC) Statements
  • Breakout Exercise 4: Writing NC Statements
  • Closing Meeting
  • Completing the Audit Report
  • Corrective Action and Closeout
  • Independent Written Exercise (AU module)
  • Day Four
  • Leading Audit Teams
  • Management System Certification Scheme and Auditor Qualifications
  • Independent Written Exercise (TL module)
  • Day Five
  • Review of Audit Process and complete the case study.

Who Should Attend

This seminar is primarily designed for first, second and third party auditor candidates, but it can also be valuable for asset managers and others who would like to develop competency in the auditing process.

Course Materials

Each participant will receive a seminar manual and breakout workbooks.

Note: Omnex does not provide copies of standard(s) during training courses, but clients are encouraged to have their own copy.


An understanding of asset management requirements and work experience in asset management is recommended. Many states have requirements for asset management.

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