A key role of asset management is to assure the delivery of value, in line with, except :

• A.Required residual risk profile
• B.agreed performance / levels of service
• C.Company Profile
• D.Return on Investment (ROI) and/or Return on Net Assets (RONA

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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

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Risk is best described as:

• A.The effect of uncertainty on an organisation's objectives
• B.An organisation's tolerance to uncertainty
• C.An organisation's appetite to uncertainty
• D.The effect of meeting an organisation's objectives
• E.The impact of uncertainty

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A vital element underpinning successful asset management, are .....

• A.Competent
• B.Consistent
• C.Optimal decision-making
• D.A-B-C True

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Effective asset management can enhance an organization's reputation and its ability to .......?

• A.All true
• B.Reduce the cost of managing assets over their lives.
• C.Meet its regulatory and statutory obligations
• D.Operate safely.

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