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engineering asset management

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What is asset management?

a)

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

b)

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

c)

A type of electronic media content management

d)

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

2.

What does ISO 55000 provide?

a)

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

b)

Guidelines for the application of an asset management system

c)

All of the above

d)

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

3.

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

a)

Enterprise asset management

b)

Investment management

c)

Physical and infrastructure asset management

d)

Software asset management

4.

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

a)

Active asset management is cheaper for investors

b)

Passive asset management involves more work

c)

Active asset management is less tailored

d)

Passive asset management requires less looking after

5.

What is physical and infrastructure asset management?

a)

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

b)

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

c)

The practice of managing the entire life cycle of digital assets

d)

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

6.

What is engineering asset management concerned with?

a)

Managing the IT environment

b)

Managing the assets of a pension fund

c)

Managing the entire life cycle of physical and infrastructure assets

d)

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

7.

What is GIS-centric asset registry used for?

a)

To standardize data and improve interoperability

b)

To manage the entire life cycle of physical and infrastructure assets

c)

To track fixed assets for financial accounting

d)

To support life cycle management for the IT environment

8.

What does an EAM system include?

a)

All of the above

b)

An inventory of assets and their attributes

c)

Modules for inventory or materials management

d)

An asset registry combined with a computerized maintenance management system

9.

What does public asset management incorporate?

a)

The management of fixed assets for financial accounting

b)

The management of the IT environment

c)

The management of software, music, books, etc.

d)

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

10.

What is IT asset management?

a)

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

b)

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

c)

A form of electronic media content management that includes digital assets

d)

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