engineering asset management

What is asset management?

• A term used to describe people and companies who manage investments on behalf of others

• A process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner

• A type of electronic media content management

• A systematic approach to the governance and realization of all value for which a group or entity is responsible

What does ISO 55000 provide?

• Requirements for an asset management system within the context of the organization

• Guidelines for the application of an asset management system

• All of the above

• An introduction and requirements specification for a management system for asset management

What is the most frequent usage of the term portfolio manager (asset manager)?

• Enterprise asset management

• Investment management

• Physical and infrastructure asset management

• Software asset management

What is the difference between active asset management and passive asset management?

• Active asset management is cheaper for investors

• Passive asset management involves more work

• Active asset management is less tailored

• Passive asset management requires less looking after

What is physical and infrastructure asset management?

• The combination of management, financial, economic, engineering, and other practices applied to physical assets

• An accounting process that seeks to track fixed assets for financial accounting

• The practice of managing the entire life cycle of digital assets

• The set of business practices that join financial, contractual, and inventory functions to support life cycle management for the IT environment

What is engineering asset management concerned with?

• Managing the IT environment

• Managing the assets of a pension fund

• Managing the entire life cycle of physical and infrastructure assets

• Optimizing assets in the context of the organization's goals and objectives

What is GIS-centric asset registry used for?

• To standardize data and improve interoperability

• To manage the entire life cycle of physical and infrastructure assets

• To track fixed assets for financial accounting

• To support life cycle management for the IT environment

What does an EAM system include?

• All of the above

• An inventory of assets and their attributes

• Modules for inventory or materials management

• An asset registry combined with a computerized maintenance management system

What does public asset management incorporate?

• The management of fixed assets for financial accounting

• The management of the IT environment

• The management of software, music, books, etc.

• The management of all things of value to a municipal jurisdiction and its citizens' expectations

What is IT asset management?

• The practice of managing the entire life cycle of physical and infrastructure assets

• An accounting process that seeks to track fixed assets for financial accounting

• A form of electronic media content management that includes digital assets

• The set of business practices that join financial, contractual, and inventory functions to support life cycle management for the IT environment