ISO 55000 is ......

• A.The international reference standard to sets out the criteria for a quality management system
• B.The international reference standard for the optimal management of physical assets.
• C.The international reference standard that provides the overview of information security management systems
• D.The international reference standard to sets out the criteria for an environmental management system

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Which of the following is most likely to reduce a company's income?

• A.Ageing assets
• B.Poor asset condition
• C.Capital investment in new assets
• D.Increased number of asset failures that affect service levels
• E.Interest rates

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Which of the following statements is true?

• A.Good asset management has clear connectivity between an organisation's strategic plan and the value core
• B.Assets is not a potential value to an organisation
• C.Assurance is the combination of monitoring and auditing
• D.Visible senior level leadership and commitment is insignificant in organisations

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This covers everything that goes into planning, designing, and procuring an asset.

• A.Acquire
• B.Commission
• C.Operate
• D.Dispose

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What is good practice to be included in an asset management policy?

• A.A statement of commitment to comply with regulations, a commitment to continuous improvement, and principles guiding the development of the asset management strategy and objectives.
• B.A statement of commitment to comply with regulations, a commitment to continuous improvement, a detailed plan of the work for the following year.
• C.A statement of commitment to comply with regulations, a list of the top risks to the organisation, principles guiding the development of the asset management strategy and objectives.
• D.A statement of commitment to comply with regulations, budget for the next five years, a commitment to continuous improvement, principles guiding the development of the asset management strategy and objectives.
• E.A statement of commitment to comply with regulations, a commitment to continuous improvement, and the asset management strategy.

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