There are 4 fundamentals in asset management, including ....

• A.Value, Alignment, Leadership and Assurance
• B.Value, Alignment, Proggresive and Assurance
• C.Value, Alignment, Leadership and Insurance
• D.Value, Competitif, Leadership and Assurance

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There are 4 fundamentals in asset management, including ....

• A.Value, Alignment, Leadership and Assurance
• B.Value, Alignment, Leadership and Insurance
• C.Value, Competitif, Leadership and Assurance
• D.Value, Alignment, Proggresive and Assurance

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Ignoring the time-based value of money, in Whole Life Cost Modelling, annualised costs are:

• A.The sum of the maintenance and operating costs divided by the service life of the asset in years
• B.The sum of the costs in the Create, Operate, Maintain and Disposal phases
• C.The life cycle costs divided by the service life of the asset in years
• D.The annual costs to operate and maintain the asset
• E.The annual capital investment costs in the create and mid-life upgrade phases

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What is an Asset Management System as defined by PAS 55?

• A.The asset information technology system used for collating and analysing asset data
• B.The management system which organises and drives all asset management activities
• C.The system by which organisations can manage and influence stakeholder requirements
• D.The asset system which organises all data management activities

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(Exposure to) the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility, is the definition of .......

• A.Cost
• B.Value
• C.Asset
• D.Risk

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