1. According to ISO 55000, assets is .....

• A. A type of investment that represents an ownership share in a company

• B. Refers to all the materials available in our environment

• C. Item, thing or entity that has potential or actual value to an organization

• D. Processed, organised and structured data

2. Effective asset management can enhance an organization's reputation and its ability to .......

• A. Operate safely

• B. Reduce the cost of managing assets over their lives

• C. Meet its regulatory and statutory obligations

• D. All true

3. There are 4 fundamentals in asset management, including ....

• A. Value, Alignment, Leadership and Assurance

• B. Value, Alignment, Leadership and Insurance

• C. Value, Competitif, Leadership and Assurance

• D. Value, Alignment, Proggresive and Assurance

4. Two widely used approaches to conceptualising value in an organisation are:

• A. The Value Net and Delivery

• B. The Value Stream and Delivery

• C. The Value Net and Chain

• D. The Value Stream and Chain

5. To successfully establish, operate and improve asset management within an organisation, it is essential that leadership, and commitment, is demonstrated by all levels of management – from senior executives to supervisors.

• A. False

• B. True

6. Which of the following statements is true !

• A. Good asset management has clear connectivity between an organisation’s strategic plan and the value core

• B. Assets is not a potential value to an organisation

• C. Assurance is the combination of monitoring and auditing

• D. Visible senior level leadership and commitment is insignificant in organisations

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

• A. False

• B. True

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

• A. Competent

• B. Consistent

• C. Optimal decision-making

• D. A-B-C True

9. The term ‘optimising’ describes ......

• A. The process of Maintenance the best value compromise between a set of competing factors, in order to support asset management decision-making

• B. The process of establishing the best value compromise between a set of competing factors, in order to support asset management decision-making

• C. The process of control the best value compromise between a set of competing factors, in order to support asset management decision-making

• D. The process of review the best value compromise between a set of competing factors, in order to support asset management decision-making

10. In what year did the term "asset management" start to be used!

• A. 1980

• B. 1981

• c. 1982

• d. 1979