1. ISO 55000 is ......

• A. The international reference standard to sets out the criteria for a quality management system

• B. The international reference standard for the optimal management of physical assets.

• C The international reference standard that provides the overview of information security management systems

• D. The international reference standard to sets out the criteria for an environmental management system

2. Based on ISO 55000 regarding asset management system, which of the following statements is false!

• A. Is not a software

• B. Is application agnostic

• C. Provides a documented foundation for the asset management operation

• D. Is a regulation to help the organization

3. The benefits of an asset management system are...

• A. Formalizes asset management

• B. Establish roles and responsiblities

• C. Bring best practices into the organization

• D. A-B-C are true

4. An ISO 55000 asset management system provides the structure, methodology and mechanism to helping asset-intensive organizations deliver on their objectives.

• A. True

• B. False

5. ISO 55001 sets out requirements for an asset management policy which fall into five categories:

• A. Consistency, Appropriateness, Maintenance, A framework, Communication

• B. Consistency, A priori, Commitment, A framework, Communication

• C. Consistency, A priori, Commitment, Balancing, Communication

• D. Consistency, Appropriateness, Commitment, A framework, Communication

6. In conducting a demand analysis, there are several elements to consider:

• A. Historical demand

• B. Drivers for demand and the change in demand over time

• C. Changes in required levels of service and/or products

• D. All above true

7. Which of the following statements is true !

• A. Strategic planning is describes how the organisation will develop and improve its asset management capabilities

• B. Strategic planning is the process for establishing asset management objectives and developing the asset management strategy

• C. Strategic planning is usually undertaken as part of the overall organisational management

• D. Strategic planning explicitly considers the life cycle of the assets and the interdependencies between each of the life cycle stages

8. The following things are taken into consideration in developing an asset management strategy, except :

• A. Consistency

• B. Life cycle approach

• C. Asset requirements

• D. Management needs

9. The objectives that the organization wants to achieve from its asset management activities, are ....

• A. to describes an organisation’s long-term approach to managing its assets.

• B. the future capability and performance requirements of assets, asset systems and the asset portfolio as a whole

• C. A&B False

• D. A&B True

10. Successful delivery of the asset management plan(s) relies on integration with other organisational plans in both the development and delivery phases

• A. False

• B. True