Question 1

A public transportation company has a fleet of 150 trams. Type A (25 years old), Type B (19 years), Type C

(2 years). Expected lifetime is 30 years. Type A and B perform sufficiently but suffer obsolescence and spare

parts issues.

What would be a feasible action now?

Options :

A : Prepare to phase out type A as they are near the end of life

B : Start an asset rationalisation study on type A (and maybe B) to determine the possible end-of-life options

C : Replace type A and B with 80 new type C trams to standardize fleet

D : Prepare an overhaul for type A and B

E : Modify type A and B to maintain service and solve obsolescence

Answer: B

Question 2

What is the purpose of the asset management policy?

Options :

A : To determine the asset management objectives including costs, risks and performance, aligned with the organisational objectives.

B : 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.

C : To describe the long-term approach to the management of physical assets and how organisational objectives are converted into asset management objectives.

D : To address the approach of the asset management organisation to realise the (strategic) asset management plans.

E : To balance the costs and benefits of different renewal maintenance overhaul and disposal interventions in support of the asset management objectives.

Answer: B

Question 3

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

Options :

A : Competent

B : Consistent

C : Optimal decision-making

D : A-B-C True

Answer: D

Question 4

The objectives that the organization wants to achieve from its asset management activities, are ....

Options :

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

Answer: C

Question 5

What is one of the most important elements of asset management?

Options :

A : Company profile

B : The control of management risk

C : The role of organisational culture

D : None of above

Answer: C

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