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WorksheetsModule 11: Planning
Total questions: 20
Worksheet time: 10mins
When planning the asset management system, which of the following is a key requirement?
Focus only on financial performance
Ensure the asset management system achieves desired outcomes
Eliminate all organisational risks
Replace organisational objectives
One purpose of addressing risks and opportunities in asset management planning is to:
Increase documentation workload
Reduce or prevent unwanted results
Avoid stakeholder involvement
Eliminate asset failures entirely
Continual improvement in asset management planning means the organisation must:
Change objectives every year
Improve only after failures occur
Regularly enhance the asset management system
Focus solely on corrective actions
When planning actions to address risks and opportunities, the organisation must consider that risks:
Are fixed and do not change
Apply only to financial assets
May change over time
Are only relevant during audits
Planned actions for risks and opportunities must be:
Documented but not implemented
Integrated into the asset management system processes
Handled separately from operations
Approved only by top management
In addition to integration, the organisation must plan to:
Eliminate all risks
Transfer risks to suppliers
Assess the effectiveness of actions taken
Ignore minor risks
Asset management objectives must be established at:
Top management level only
Operational level only
All relevant functions and levels
External stakeholder level
When establishing asset management objectives, the organisation shall consider:
Only internal requirements
Only financial constraints
Stakeholder needs and applicable requirements
Historical asset performance only
Asset management objectives must be consistent with:
Departmental targets
Supplier objectives
The organisation’s objectives
Individual performance goals
Which of the following is a required characteristic of asset management objectives?
Confidential
Optional
Measurable
Informal
Asset management objectives must be:
Communicated only during audits
Communicated to appropriate stakeholders
Restricted to management
Shared only internally
The organisation must keep documented information on:
Risk registers only
Asset failures
Asset management objectives
Maintenance schedules
Asset management planning must be integrated with:
Marketing planning
Quality planning only
Other organisational planning activities
External supplier planning
To achieve asset management objectives, the organisation must establish and maintain:
Audit checklists
Asset management plan(s)
Risk registers only
Emergency plans
Asset management plan(s) must be aligned with:
Operational procedures only
Legal requirements only
SAMP and asset management policy
Departmental budgets
When planning how to achieve asset management objectives, the organisation must determine:
Only financial budgets
Only maintenance schedules
What will be done, resources needed, responsibilities, timelines, and assessment methods
Only asset replacement dates
The asset management plan must define:
Marketing strategies
Asset life-cycle management processes
Employee appraisal methods
Supplier contracts
Which of the following must be considered in asset management plans?
Only financial implications
Only short-term impacts
Financial and non-financial implications
Only operational costs
When addressing risks and opportunities, the organisation must first:
Accept all risks
Transfer risks to insurers
Identify risks and opportunities
Implement controls immediately
Asset management risks must be considered within:
Quality management approach
Maintenance strategy only
The organisation’s risk management approach, including contingency planning
Financial planning only
