Which of the following is NOT a key requirement with regard to an asset management policy?

• A.It is consistent with the organizational strategic plan
• B.It is appropriate for the type of organization
• C.It commits the organization to compliance with relevant laws
• D.It provides for continual improvement
• E.It is fully detailed on every aspect

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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

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Which of the following would you normally expect to include as key components of the Asset Management Strategy?

• A.Risk registers, statutory/environmental/financial constraints, O&M manuals, detailed work plans
• B.Maintenance schedules, stakeholder lists, annual financial reports, asset forecasts
• C.Improvement objectives, maintenance schedules, asset forecasts, As-Built drawings
• D.Improvement objectives, strategic risks and opportunities,statutory/environmental/financial constraints, asset forecasts
• E.Strategic risks, constraints, O&M manuals, As-Built drawings

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Where can a standardized Risk Matrix be found for use within Asset Management Systems aligned to ISO
55000?

• A.A standard Risk Matrix is available in ISO 55002
• B.Each organization's risk appetite and asset portfolio are unique, so no standard Risk Matrix applies
• C.A standard Risk Matrix exists in the GFMAM's Asset Management Landscape
• D.A standard Risk Matrix is available in ISO 31000
• E.Standard Risk Matrices for assets are widely available online

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Assurance is the combination of monitoring and control (of processes and outcomes) to confirm the assets, systems and processes are operating as intended.

• A.False
• B.True

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