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A. Condition assessment

B. Asset age

C. Maintenance reports

D. Historical maintenance cost

E. Demand forecast

A. Asset Register

B. Organisation's share price

C. Asset Condition

D. Asset Criticality

A. It is best to have only a single Asset Management Plan, because all asset management activities for each asset type need to be treated equally.

B. It is best to only have individual asset plans for each asset type. There is no need for an overarching Asset Management Plan as it will add unnecessary complexity.

C. It is best to have individual asset plans for each asset type with an overarching Asset Management Plan that outlines the overall asset management objectives of the organisation.

D. It is best to only have a single overarching Asset Management Plan that covers all asset types because having individual asset plans for each asset type will create misalignment and unnecessary confusion.

E. The number and type of Asset Plans is not relevant as long as maintenance is carried out to the most critical asset groups.

A. A 'scheduled discard' task (scheduled replacement)

B. A 'fix-on-failure' task

C. A 'scheduled restoration' task (scheduled overhaul)

D. A 'redesign' task

E. A 'scheduled discard' task (scheduled replacement) in combination with predictive maintenance strategies

A. Poor asset condition

B. Increased number of asset failures that affect service levels

C. Ageing assets

D. Capital investment in new assets

E. Interest rates

A. Bring best practices into the organization

B. Establish roles and responsibilities

C. Formalizes asset management

D. A-B-C are true

A. Operate safely.

B. Meet its regulatory and statutory obligations

C. All true

D. Reduce the cost of managing assets over their lives.

A. A set of objectives that define the level of risk the organization is comfortable with

B. Overarching objectives that sets the context and direction for an organization's activities

C. Specific, measurable and achievable objectives that inform staff how to manage assets

D. Detailed action plans for different teams across the organization

E. Overarching objectives that defines succession plans for the top management team

A. Assets is not a potential value to an organisation

B. Assurance is the combination of monitoring and auditing

C. Good asset management has clear connectivity between an organisation's strategic plan and the value core

D. Visible senior level leadership and commitment is insignificant in organisations