Curriculum
- 2 Sections
- 35 Lessons
- 26 Weeks
- ISO5500110
- 1.1Introduction to ISO55001 and Asset Management Systems
- 1.2Clauses 1–3 and Understanding Context in ISO55001
- 1.3Clause 4 – Context of the Organization
- 1.4Clause 5 – Leadership
- 1.5Clause 6 – Planning
- 1.6Clause 7 – Support
- 1.7Clause 8 – Operation and Asset Management Activities
- 1.8Clause 9 – Performance Evaluation
- 1.9Clause 10 – Improvement
- 1.10Practical Considerations for Lead Auditors
- ISO 19011: Guidelines for auditing management systems26
- 2.1Introduction to ISO19011
- 2.2Principles of Auditing
- 2.3Managing an Audit Program
- 2.4Establishing Audit Program Objectives
- 2.5Determining Audit Program Risks and Opportunities
- 2.6Establishing the Audit Program
- 2.7Implementing the Audit Program
- 2.8Monitoring the Audit Program
- 2.9Reviewing and Improving the Audit Program
- 2.10Initiating the Audit
- 2.11Determining Audit Feasibility
- 2.12Preparing Audit Activities
- 2.13Reviewing Documented Information
- 2.14Preparing the Audit Plan
- 2.15Assigning Work to the Audit Team
- 2.16Preparing Working Documents
- 2.17Opening Meeting
- 2.18Communication During the Audit
- 2.19Collecting and Verifying Information
- 2.20Generating Audit Findings
- 2.21Preparing Audit Conclusions
- 2.22Closing Meeting
- 2.23Preparing the Audit Report
- 2.24Completing the Audit
- 2.25Follow-Up Activities
- 2.26ISO55001 Exam120 Minutes40 Questions
Clause 7 – Support
Understanding the Role of Support in Asset Management
ISO55001 requires organizations to provide adequate resources and infrastructure to achieve asset management objectives. Auditors focus on whether the organization:
⦁ Allocates sufficient financial resources to maintain, operate, and renew assets
⦁ Provides tools, technologies, and systems to support asset management activities
⦁ Ensures that infrastructure supports performance, safety, and regulatory compliance
⦁ Plans for contingencies, including backup systems and emergency resources
Auditors verify the presence and adequacy of resources by reviewing budgets, asset management systems, maintenance logs, and operational reports. Proper resource allocation ensures that asset management activities are sustainable and capable of delivering value.
Competence of personnel is essential for effective asset management. Clause 7 requires organizations to ensure that employees perform their roles with the necessary skills, knowledge, and experience. Auditors evaluate whether the organization:
⦁ Identifies required competencies for critical asset management roles
⦁ Provides targeted training and professional development programs
⦁ Maintains records of competence, certifications, and skill assessments
⦁ Evaluates training effectiveness and addresses competency gaps
Auditors review training matrices, certifications, and performance evaluations to confirm that personnel have the capability to implement and maintain the AMS effectively.
ISO55001 emphasizes the importance of awareness across all levels of the organization. Auditors examine whether employees:
⦁ Understand the asset management policy, objectives, and their individual responsibilities
⦁ Are aware of the impact of their activities on asset performance, risk, and value
⦁ Know how to report issues, risks, or deviations effectively
Evidence may include induction programs, awareness campaigns, internal communications, and interviews with staff. High awareness ensures that personnel actively contribute to AMS objectives rather than merely following procedures.
Communication
Effective internal and external communication is vital for a functional AMS. Clause 7 requires organizations to establish communication processes that support asset management goals.
Auditors assess whether the organization:
⦁ Communicates policies, objectives, and expectations consistently throughout the organization
⦁ Provides channels for reporting issues, risks, and performance results
⦁ Engages stakeholders, including regulators, customers, and suppliers, when relevant
⦁ Ensures that critical information is accurate, timely, and accessible
Auditors review communication plans, stakeholder feedback records, meeting minutes, and documented reports to evaluate whether communication processes are structured, effective, and aligned with AMS objectives.
Documentation and Record Control
ISO55001 requires robust documentation and record-keeping to provide evidence of compliance and effective asset management. Auditors examine whether:
⦁ Procedures, policies, and work instructions are documented and accessible
⦁ Records demonstrate that asset management activities are performed as planned
⦁ Version control and document retention practices are implemented
⦁ Documentation supports traceability, accountability, and audit readiness
Well-maintained documentation enables auditors to verify implementation, evaluate performance, and support continual improvement within the AMS.
When auditing Clause 7, the primary focus areas include:
⦁ Adequacy of resources, infrastructure, and systems to support asset management
⦁ Competence, training, and awareness of personnel
⦁ Effectiveness of communication processes within and outside the organization
⦁ Documentation, record control, and traceability of AMS activities
Auditors must confirm that supporting elements are not only documented but actively maintained and implemented, ensuring that the organization can achieve its asset management objectives and sustain compliance with ISO55001 requirements.