What is the significance of predictive analysis in asset-intensive industries?
Response:

• A.It enables proactive and timely maintenance actions.
• B.It improves asset reliability and performance.
• C.It helps optimize maintenance strategies and reduce costs.
• D.All of the above.

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How does a Project Driven Supply Chain differ from a traditional supply chain?
Response:

• A.It has a fixed and predictable demand pattern
• B.It focuses on cost reduction and process efficiency
• C.It operates on a continuous production model
• D.It caters to the specific requirements of individual projects

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What is the role of preventive maintenance in asset management?
Response:

• A.Replacing assets with newer models
• B.Repairing assets after they break down
• C.Extending the lifespan of assets
• D.Disposing of assets that are no longer useful

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What is predictive analysis of asset health?
Response:

• A.Assessing the overall condition and performance of assets
• B.Monitoring real-time data to detect early signs of asset degradation
• C.Identifying potential risks and issues that may affect asset health
• D.Analyzing historical maintenance data to predict future asset failures

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What is the purpose of documenting maintenance activities in a maintenance program?
Response:

• A.To analyze equipment performance and identify trends
• B.To maintain a historical record of maintenance performed
• C.To track maintenance costs and budget allocation
• D.All of the above

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