PECB ISO 55001 Foundation study plan

Define asset management, an asset management system (AMS), and the purpose of the ISO 55000 family in your own words without looking at notes

Distinguish the terms asset, asset portfolio, asset management, asset management system, and asset management plan, and give one workplace example of each

Explain the three core concepts behind ISO 55000: value realization from assets, alignment of asset management with organizational objectives, and the balancing of cost, risk, and performance

Map the relationship between ISO 55000 (overview), ISO 55001 (requirements), and ISO 55002 (guidance) and state which one is certifiable

Describe the benefits and costs of an AMS for an organization, including financial, risk, and reputational effects

Explain the role of the asset management policy, strategic asset management plan (SAMP), and asset management objectives in linking intent to action

Outline the elements of the asset management system as described in ISO 55000, including context, leadership, planning, support, operation, performance evaluation, and improvement

Identify the stakeholders of an AMS and explain why their needs and expectations shape the system

Explain the concept of asset management decision-making across the asset life cycle, from acquisition through disposal

Describe the role of risk assessment and risk treatment in prioritizing asset-related actions

Summarize the concepts of asset performance, condition, criticality, and lifecycle costing at a foundation level

Distinguish leading and lagging indicators used to measure asset management performance

Explain the principle of continual improvement and how the Plan-Do-Check-Act cycle applies to an AMS

Consolidate Domain 1 by answering a self-made set of 30 recall questions on principles, terminology, and benefits with at least 85% accuracy

Read the scope and normative references of ISO 55001 and identify which clauses contain requirements versus guidance

List the clause structure of ISO 55001 from Clause 4 to Clause 10 and state the title and intent of each clause

Explain the difference between a requirement (shall) and a recommendation or note, using examples from ISO 55001

Explain the Clause 4 requirements for understanding the organization and its context, including internal and external issues and interested parties

Describe the Clause 4 requirements for defining the scope of the AMS and establishing the asset management system and its processes

Explain the Clause 5 requirements for leadership commitment, the asset management policy, and organizational roles, responsibilities, and authorities

Draft a sample asset management policy that satisfies the Clause 5 requirements

Explain the Clause 6 requirements for planning, including actions to address risks and opportunities, asset management objectives, and planning to achieve them

Describe the Clause 6 requirement for strategic asset management planning and how objectives must be measurable and consistent with policy

Explain the Clause 7 support requirements covering resources, competence, awareness, communication, and documented information

Distinguish the types of documented information required by ISO 55001 and explain why control of documented information matters

Explain the Clause 8 operational planning and control requirements, including criteria, control of outsourced processes, and management of change

Describe the Clause 9 requirements for monitoring, measurement, analysis, evaluation, internal audit, and management review

Explain the Clause 10 requirements for nonconformity, corrective action, and continual improvement

Trace how one nonconformity would move from detection through corrective action and into management review

Review all eight weeks of notes and produce a condensed revision sheet of no more than three pages

Answer a full-length mock examination of at least 60 mixed questions with a target score of 80% or higher

Re-teach the five weakest topics aloud in under five minutes each without notes

Verify that every ISO 55001 clause requirement can be matched to at least one example of evidence

Plan examination-day logistics, including timing strategy for scenario-based questions