1. ISO 55001 defines seven sets of requirements for a management system for asset management, except ...

• A. Multi-level Planning for assets and asset management

• B. Support for effective management

• C. Maintenance

• D. Defining the Organisational Context

2. A key role of asset management is to assure the delivery of value in line with:

• A. Agreed performance / levels of service

• B. Return on Investment (ROI) and/or Return on Net Assets (RONA)

• C. Required residual risk profile

• D. All True

3. (Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility, is the definition of .......

• A. Value

• B. Asset

• C. Risk

• D. Cost

4. A key role of asset management is to assure the delivery of value, in line with, except :

• A. agreed performance / levels of service

• B. Company Profile

• C. Required residual risk profile

• D. Return on Investment (ROI) and/or Return on Net Assets (RONA

5. The concept of ‘line of sight’ means .....

• A. Asset Manager involved in asset management

• B. Top Management involved in asset management

• C. Stake holders involved in asset management

• D. everyone who touches or influences what happens to an asset is involved in asset management

6. What is one of the most important elements of asset management ?

• A. Company profile

• B. The control of management risk

• C. The role of organisational culture

• D. None of above

7. Characteristics of organisational context that affect what is achievable and worthwhile in asset management fall into three categories:

• A. Asset systems criticality

• B. Scale and complexity of the asset portfolio

• C. Volatility of the business environment

• D. All true

8. Capital Investment Decision-Making comprises the processes to .....

• A. evaluate and analyse options for the creation of new assets

• B. Decreasing the capability of assets

• C. The replacement of modal at the end of their useful life

• D. All false

9. Procurement and delivery of the solution to time, cost and quality targets. What phase is it?

• A. Concept phase

• B. Definition phase

• C. Implementation phase

• D. Handover and closeout phase

10. There are many factors that can drive the decommissioning of assets, expect:

• A. obsolete technology

• B. compliance with changes in legislation

• C. excess of service capacity

• D. cost of retaining in service