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An ISO 55000 asset management system provides the structure, methodology and mechanism to helping asset- intensive organizations deliver on their objectives.
A. False
B. True
Answer: B
Explanation:
This statement reflects the foundational objective of ISO 55000: to offer asystematic approachto asset management. This includes the integration of leadership, planning, support, operation, performance evaluation, and continual improvement-all contributing to the achievement of organizational objectives through optimized asset performance.
Exact Extract from ISO 55000:2014, Clause 0.2:
"An asset management system provides a structured approach for developing and implementing asset management activities that deliver the organizational objectives."
NEW QUESTION # 32
What is the purpose of the asset management policy?
A. To address the approach of the asset management organisation to realise the (strategic) asset management plans.
B. To describe the long-term approach to the management of physical assets and how organisational objectives are converted into asset management objectives.
C. To balance the costs and benefits of different renewal maintenance overhaul and disposal interventions in support of the asset management objectives.
D. To determine the asset management objectives including costs, risks and performance, aligned with the organisational objectives.
E. To set a framework of principles for translating the organisation's strategic objectives into asset management objectives and guiding development of the asset management strategy.
Answer: E
Explanation:
Theasset management policyis a high-level document that provides direction and a framework for developing asset management strategies and objectives. It does not include specific activities, financials, or operational details.
Exact Extract from ISO 55001:2014, Clause 5.2 - Asset Management Policy:
"The policy provides a framework for the setting of asset management objectives and alignment with the strategic plan."
NEW QUESTION # 33
The contents of an asset management policy can include:
A. The requirements of key stakeholders, roles and responsibilities, AM principles, framework for strategy and objectives, and review frequency
B. The mandated requirements, roles and responsibilities, key departments, framework for strategy, and review frequency
C. Mandated requirements, AM principles, roles and responsibilities, strategy framework, and commitment to continuous improvement
D. Mandated requirements, roles and responsibilities, AM principles, strategy framework, and AMP details
E. Mandated requirements, AM principles, roles and responsibilities, key risks, and review frequency
Answer: C
Explanation:
Option D covers all key elements described in ISO 55001: compliance, alignment, clarity of roles, continuous improvement, and a basis for strategic and tactical planning.
Exact Extract from ISO 55001:2014, Clause 5.2:
"The policy should include: appropriateness, commitment to compliance and improvement, framework for setting objectives, and alignment with strategy."
NEW QUESTION # 34
Which of the following statements is true?
A. Assurance is the combination of monitoring and auditing
B. Visible senior level leadership and commitment is insignificant in organisations
C. Assets is not a potential value to an organisation
D. Good asset management has clear connectivity between an organisation's strategic plan and the value core
Answer: A
NEW QUESTION # 35
A key role of asset management is to assure the delivery of value in line with:
A. Return on Investment (ROI) and/or Return on Net Assets (RONA.
B. All True
C. Required residual risk profile
D. Agreed performance / levels of service
Answer: B
NEW QUESTION # 36
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