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1.
What is the primary purpose of whole life asset management?
2.
Whole life asset management includes planning for asset disposal during the acquisition phase.
3.
Which of the following stages are typically included in an asset’s life cycle?
4.
Which principle best aligns with whole life value in asset management?
5.
A facilities manager is preparing a procurement plan for a building’s HVAC system. She wants to ensure efficient operation, low long-term costs, and easy maintenance. What asset management practice should she follow?
6.
Total Cost of Ownership includes:
7.
Disposal costs are not considered in life cycle costing.
8.
Which of the following are typically part of a life cycle cost analysis?
9.
What is the key benefit of using total cost of ownership in procurement decisions?
10.
You are choosing between two types of industrial printers. One is cheap but inefficient. The other is expensive but uses less power and requires fewer repairs. Which tool helps you make the best decision?
12.
Which acquisition option typically involves monthly payments and no ownership?
13.
Purchasing is always more cost-effective than leasing in asset-heavy environments.
14.
What are valid reasons for leasing instead of buying?
15.
Which strategy allows an organisation to retain capital while gaining access to expensive equipment?
16.
A hospital needs MRI equipment but lacks the capital budget to buy it outright. What acquisition method is most appropriate?
17.
Preventive maintenance is designed to:
18.
Predictive maintenance relies on data from condition-monitoring systems.
19.
Which types of maintenance are typically considered in whole life asset management?
20.
Which of the following is most effective for reducing long-term asset downtime?
21.
A transport company installs sensors on its vehicles to monitor wear-and-tear and schedule maintenance before issues arise. What strategy is this?
22.
Which KPI would best assess asset efficiency?
23.
Key Performance Indicators should be linked to asset performance goals.
24.
Which of the following are useful for assessing asset lifecycle performance?
25.
Benchmarking in asset management refers to:
26.
An operations manager compares downtime of company equipment against competitors and identifies improvement gaps. What is this process?
27.
Which disposal strategy is most sustainable?
28.
Disposal planning should begin during the asset specification stage.
29.
Which of the following are examples of environmentally responsible disposal?
30.
Why is early planning for asset disposal important?
31.
A company decommissions its office furniture and donates usable pieces to a local charity. What disposal method does this represent?
32.
Which is a key risk in asset management?
33.
Using a single supplier for all asset maintenance reduces risk.
34.
Which of the following are effective ways to manage asset-related risks?
- Dual sourcing
- Preventive maintenance
- Ignoring asset register updates
- Maintaining a risk log
35.
The ISO standard for asset management systems is:
36.
A healthcare organisation is fined for using outdated medical equipment. Which part of asset management likely failed?
37.
Which technology is most associated with real-time asset tracking and maintenance alerts?
38.
Technology plays no significant role in sustainable asset management.
39.
Which technologies support modern asset management practices?
- CMMS
- IoT Sensors
- Blockchain
- Overhead projectors
40.
Sustainable asset management involves:
41.
A logistics company uses GPS and sensors to track its vehicles and improve fuel efficiency. What aspect of asset management is this?
