Home Certification Schemes ISO 55001
Industry & Sector ISO 55001 2024

Asset Management

International standard for asset management systems. Helps organisations manage the lifecycle of physical assets to gain maximum value while balancing costs, risks, opportunities, and performance.

utilities transport infrastructure mining
About This Standard

ISO 55001 is the international standard for asset management systems, providing requirements for organisations to demonstrate that they manage their physical assets to maximise value while appropriately balancing costs, risks, and performance. The 2024 revision strengthens requirements for asset portfolio management, digital asset data, and sustainability.

The standard applies to utility companies, transport operators, infrastructure owners, mining companies, manufacturers, and any organisation with significant physical asset portfolios. The Strategic Asset Management Plan (SAMP) is the central document connecting organisational objectives to asset management strategies.

ACI-certified auditors assess asset management system effectiveness, evaluate the rigour of asset lifecycle decision-making, and review the alignment between asset strategies and organisational objectives.

Examination Topic Areas
Strategic Asset Management Plan (SAMP) development and review
Asset portfolio management and lifecycle decision-making
Risk and opportunity management for physical assets
Asset performance monitoring and condition assessment
Whole life costing and financial management for assets
Asset information management and digital asset data
Stakeholder management and asset communication
Continual improvement of asset management practices
Examination & Certification Process
01
Attend Training

Attend an ACI-Approved Training Provider (ATP) course for your chosen grade level. ACI-approved courses are aligned to the examination syllabus for ISO 55001.

02
Sit the Examination

Examinations are administered exclusively through ACI Approved Training Providers. Foundation and Internal Auditor examinations require 70% to pass; Lead Auditor requires 65%.

03
Apply for Certification

Submit your application through the ACI portal with your examination result, training certificate, and relevant audit experience log. Upon approval you receive your ACI Card ID and digital certificate.

Scheme Details
Standard ISO 55001
Edition 2024
Category Industry & Sector
Cert. Period 3 years
Framework ISO/IEC 17024 Aligned
Available Grades PA · AA · AU · LA · PR · FACI
All Certification Schemes
Auditor Grades

Available Grades for ISO 55001

All six ACI auditor grades are available for this scheme. Each grade has defined competence, experience, and examination requirements.

PA
Provisional Auditor

Entry-level certification for those beginning their auditing career. Suitable for individuals who have completed foundation training but have limited audit experience.

Foundation examination pass (70%)
No prior audit experience required
Annual CPD requirement applies
AA
Associate Auditor

For auditors who have completed Internal Auditor training and have begun accumulating audit experience under supervision or in an internal audit role.

Internal Auditor examination pass
Minimum 2 internal audits conducted
Annual CPD requirement applies
AU
Auditor

Full auditor grade for practitioners with demonstrated audit experience. Recognised as a competent independent auditor of management systems.

Internal Auditor examination pass
Minimum 5 complete audits
Annual CPD requirement applies
LA
Lead Auditor

Senior grade for experienced auditors capable of leading audit teams and managing full audit programmes. The most widely recognised auditor grade internationally.

Lead Auditor examination pass (65%)
Lead Auditor training course
Minimum 10 complete audits as team lead
PR
Principal Auditor

Advanced grade for highly experienced auditors demonstrating sustained performance in complex audit environments and contributions to the auditing profession.

Lead Auditor grade prerequisite
Minimum 5 years audit experience
Professional development portfolio
FACI
Fellow of ACI

The highest ACI designation, awarded to individuals who have made an exceptional contribution to the management system auditing profession and to the ACI community.

By nomination and committee review
Exceptional professional contribution
Sustained ACI membership
Ready to certify in ISO 55001?

Find an Approved Training Provider, sit the examination, and submit your application to ACI.