Question 1

Which of the following would you normally expect to include as key components of the Asset ManagementStrategy?

Options :

A : Risk registers, statutory/environmental/financial constraints, O&M manuals, detailed work plans

B : Maintenance schedules, stakeholder lists, annual financial reports, asset forecasts

C : Improvement objectives, maintenance schedules, asset forecasts, As-Built drawings

D : Improvement objectives, strategic risks and opportunities,statutory/environmental/financial constraints, asset forecasts

E : Strategic risks, constraints, O&M manuals, As-Built drawings

Answer: D

Question 2

Assurance is the combination of monitoring and control (of processes and outcomes) to confirm the assets,systems and processes are operating as intended.

Options :

A : False

B : True

Answer: A

Question 3

A vital element underpinning successful asset management, are .....

Options :

A : Competent

B : Consistent

C : Optimal decision-making

D : A-B-C True

Answer: D

Question 4

IAM-based decisions produce real savings, where savings develop from,except......

Options :

A : Efficiency gains

B : Cost Avoidance

C : Compliment asset

D : Cost Effectiveness

Answer: C

Question 5

What is the most effective measure when determining the current health of your assets?

Options :

A : Condition assessment

B : Demand forecast

C : Maintenance reports

D : Asset age

E : Historical maintenance cost

Answer: A

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