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Question 39/49
Asset Management should deliver:
Correct Answer: A
Theprimary function of asset managementis to ensure that assets contribute to theachievement of strategic objectives, not solely customer service or shareholder return.
Exact Extract from ISO 55000:2014, Clause 2.3 - Purpose of Asset Management:
"Asset management enables an organization to realize value from assets in the achievement of its organizational objectives."
Exact Extract from ISO 55000:2014, Clause 2.3 - Purpose of Asset Management:
"Asset management enables an organization to realize value from assets in the achievement of its organizational objectives."
- Question List (49q)
- Question 1: Which of the following is NOT normally an input to an asset ...
- Question 2: What information is most likely to help in deciding whether ...
- Question 3: Which statement is INCORRECT?
- Question 4: You are presenting an 'Introduction lo good Asset Management...
- Question 5: A key role of asset management is to assure the delivery of ...
- Question 6: The asset management strategy will:...
- Question 7: What is the most effective measure when determining the curr...
- Question 8: IAM-based decisions produce real savings, where savings deve...
- Question 9: Which of the following statements is true?...
- Question 10: How do Risk Based Maintenance (RBM) and maintenance work pla...
- Question 11: Which are included in the asset life cycle?...
- Question 12: Ignoring the time-based value of money, in Whole Life Cost M...
- Question 13: External stakeholders can influence asset management activit...
- Question 14: A policy is best defined as...
- Question 15: A public transportation company has a fleet of in total 150 ...
- Question 16: The Asset Management Policy should be......
- Question 17: Which of the following would you normally expect to include ...
- Question 18: What does the "D" in EBITDA stand for?...
- Question 19: There are 4 fundamentals in asset management, including .......
- Question 20: Risk is best described as:
- Question 21: Which of the following describes the most appropriate mainte...
- Question 22: What are the main cost elements of a whole-life cost approac...
- Question 23: Which of the following is most likely to reduce a company's ...
- Question 24: What is good practice to be included in an asset management ...
- Question 25: An asset management plan specifies......
- Question 26: What is a common name given to the approach to identify pote...
- Question 27: What is the correct top-down hierarchy order for the followi...
- Question 28: The concept of 'line of sight' means ........
- Question 29: Where would an organization record the agreed criteria for r...
- Question 30: The contents of an asset management policy can include......
- Question 31: (Exposure to) the possibility of loss, injury, or other adve...
- Question 32: FMECA stands for:
- Question 33: Holding equipment spare parts can be expensive. What is the ...
- Question 34: The asset management strategy will:...
- Question 35: When developing a new Strategic Asset Management Plan, which...
- Question 36: To successfully establish, operate and improve asset managem...
- Question 37: Effective asset management can enhance an organization's rep...
- Question 38: Value based on AM is ......
- Question 39: Asset Management should deliver:...
- Question 40: What best describes organizational objectives?...
- Question 41: The purpose of an Asset Information Strategy is to:...
- Question 42: There are many factors that can drive the decommissioning of...
- Question 43: Which of the following best describes the 'useful life' of a...
- Question 44: You have been asked to optimise asset investment planning. W...
- Question 45: A significant risk of asset failure that will impact service...
- Question 46: A public transportation company has a fleet of 150 trams. Ty...
- Question 47: How is risk best quantified within an ISO 55001 compliant As...
- Question 48: Characteristics of organisational context that affect what i...
- Question 49: ISO 55000 is ......
