MODULE I STUDY GUIDE (CPPS - Chapter 1) (Eagle) Exam Questions and Answers

MODULE I STUDY GUIDE (CPPS - Chapter 1) (Eagle) Exam Questions and Answers ACCOUNTABILITY - Answer- To possess and have use of the property of another with delegated duties and responsibilities Accountability - Answer- Accountability of property should address "to whom" the property holder is accountable Accountability - Answer- When accountability shifts from one entity to another, it is called a transfer of accountability Accountability - Answer- Transfer of accountability should require written approvals Accountability - Answer- Where accountability for property resides should be defined in the organization's procedures Property Control System - Answer- Comprised of written policies, procedures, operation guidelines and related records, and a management information system Property Control System - Answer- System incorporates methods for property safeguarding, inventory, cost accounting, recording status and condition and related property records Property Control System - Answer- System provides a means for personnel to track and maintain records throughout the life cycle of property management (acquisition through disposal) The Primary Responsibilities of the PMO - Answer- Ensures that assets are adequately controlled, protected, preserved, and maintained to maximize their useful life The Primary Responsibilities of the PMO - Answer- Ensure assets are controlled, preserved, protected, and maintained The Primary Responsibilities of the PMO - Answer- Addressing the fifteen functional areas of property management and key business processes is very important for Property The Primary Responsibilities of the PMO - Answer- Establishes policies, procedures, and operating guidelines for: o Requirements determination o Property accounting o System reviews o Risk management o Fleet management o Hazardous material control ORGANIZATIONAL PLACEMENT - Answer- Factors in deciding the optimal placement of property management in an organization: o Type and size of the organization o Type, volume, and value of the property being managed o Compliance requirements and risks o Current management grouping of functional areas withi