PECB ISO 55001 Foundation
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The PECB ISO 55001 Foundation credential is an entry-level certificate showing that its holder knows the fundamental concepts, principles, and requirements of an asset management system (AMS) based on ISO 55001. PECB describes the associated two-day training course as an overview of those fundamentals that also prepares candidates for the exam, and states that a Foundation certificate demonstrates knowledge of the fundamental concepts, principles, and requirements for an AMS based on ISO 55001.
The course is aimed at managers and consultants who need the basic concepts and principles of asset management, professionals who want to become acquainted with ISO 55001 requirements for an AMS, individuals engaged in or responsible for asset management activities in their organizations, and individuals who wish to pursue a career in asset management or ISO 55001 implementation.
The exam covers two competency domains: Domain 1, fundamental principles and concepts of an asset management system (AMS), and Domain 2, ISO 55001 requirements for an AMS. PECB states that the course's quiz structure closely mirrors the certification exam, so working through the training materials and quizzes is the most direct preparation. The course agenda is Day 1: introduction to the AMS and ISO 55001; Day 2: AMS and the certificate exam. PECB lists no prerequisites, no professional experience, no MS audit/assessment experience, and no AMMS project experience for the certificate, but candidates must pass the exam and sign the PECB Code of Ethics. Certificate and examination fees are included in the training course price. This page is independent study material and is not affiliated with or endorsed by PECB.
What you'll study
About PECB ISO 55001 Foundation preparation
What exactly do I have to do to earn the PECB Certificate Holder in ISO 55001 Foundation credential?
According to PECB's certificate requirements table, you must pass the PECB ISO 55001 Foundation Exam and sign the PECB Code of Ethics. No professional experience, no MS audit or assessment experience, and no AMMS project experience are required. PECB lists no prerequisites for participating in the training course either.
What does the exam cover?
PECB states the exam fully meets its Examination and Certification Program requirements and covers two competency domains: Domain 1, fundamental principles and concepts of an asset management system (AMS), and Domain 2, ISO 55001 requirements for an AMS. PECB directs candidates to its List of PECB Exams and Examination Rules and Policies for exam type, languages, and other details.
How many questions are on the exam, how long does it last, and what score do I need to pass?
PECB's ISO 55001 Foundation page does not state the number of questions, the exam duration, or the passing score. It refers candidates to the List of PECB Exams and the Examination Rules and Policies for specific exam information. Check those PECB pages directly rather than relying on second-hand figures.
How should I prepare, and how long is the course?
The PECB course agenda runs two days: Day 1 covers introduction to the asset management system (AMS) and ISO 55001; Day 2 covers AMS and the certificate exam. Participants receive more than 200 pages of training materials with practical examples, exercises, and quizzes, and PECB notes the quiz structure closely mirrors the certification exam.
What does the training course actually teach?
PECB says the course provides an overview of the fundamental concepts, principles, and requirements of an AMS based on ISO 55001 and equips participants with knowledge of ISO 55001 requirements for implementing and managing an effective AMS. It covers the standard's structure and requirements, including asset management policy, top management's commitment, internal audits, management reviews, and continual improvement.
What are the learning objectives I should be able to meet after the course?
PECB lists three: describe the asset management concepts and principles; explain the main ISO 55001 requirements for an asset management system; and identify potential actions and approaches that organizations can use to achieve conformity to ISO 55001. Use these as a self-check before sitting the exam.
If I fail my first attempt, can I retake the exam for free?
Yes, under conditions. PECB states that candidates who completed the training course with one of its partners and failed the first exam attempt are eligible to retake the exam for free within a 12-month period from the date the coupon code is received, because the course fee includes a first attempt and one retake. Otherwise, retake fees apply.
Are the exam fee and course materials included, and do I get CPD credits?
PECB states that certificate and examination fees are included in the price of the training course. Participants receive more than 200 pages of comprehensive training materials, including practical examples, exercises, and quizzes. Participants who attend the training course receive an attestation of course completion worth 14 CPD (Continuing Professional Development) credits.
Who is this Foundation course designed for?
PECB lists managers and consultants seeking knowledge about the basic concepts and principles of asset management; professionals wishing to get acquainted with ISO 55001 requirements for an AMS; individuals engaged in or responsible for asset management activities in their organizations; and individuals wishing to pursue a career in asset management or ISO 55001 implementation.