Which of the following statements is not a management asset?

• A.A recognition that assets have a life cycle
• B.An approach that looks to get the best out of the assets for the benefit of the organisation and/or its stakeholders
• C.Understanding and managing the risk associated with owning assets
• D.A substitute for quality management

Comment: *

Name: *

Email: *

Verification: *

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

Comment: *

Name: *

Email: *

Verification: *

The objectives that the organization wants to achieve from its asset management activities, are ....

• A.to describe an organisation's long-term approach to managing its assets
• B.the future capability and performance requirements of assets, asset systems and the asset portfolio as a whole
• C.A & B True
• D.A & B False

Comment: *

Name: *

Email: *

Verification: *

An asset management plan specifies...

• A.Objectives, stakeholders, strategy alignment, and risk mitigation
• B.Activities, resources, costs, timeframes, and responsibilities to meet AM objectives
• C.Capability development, system design, and risk mitigation
• D.Long-term asset management approach and conversion of organizational goals
• E.Framework for translating strategy into AM objectives

Comment: *

Name: *

Email: *

Verification: *

What does the "D" in EBITDA stand for?

• A.Depreciation
• B.Discounts
• C.Disinvestment
• D.Distinction
• E.Disincentive

Comment: *

Name: *

Email: *

Verification: *