complete solutions
Aim - ANSWER A purpose or intention; desired outcome for an
organization based on its objectives.
Asset - ANSWER A thing, entity, or item that has actual or potential
value to an organization
Asset Life - ANSWER The period from an asset's creation to it end of life.
Asset Management - ANSWER A coordinated set of activities to ensure
value is delivered or derived from physical assets.
Certified Reliability Leader - ANSWER An individual who has passed the
Association for Maintenance Professionals exam and is in good standing.
ISO31000 - ANSWER An international standard that describes the
components of a risk management implementation framework.
ISO55001 - ANSWER An international standard that describes a
framework to support an asset management process.
, Lifecycle - ANSWER The stages involved in the management of an asset.
Maintenance - ANSWER The routine, recurring work required to keep
assets in a condition where they can be continuously utilized at their
original or designed capacity and efficiency, for their intended purpose.
Risk - ANSWER The effect of uncertainty on objectives.
Reliability - ANSWER The probability that a system will perform
satisfactory for a given period of time under stated conditions.
Reliability Leader - ANSWER A person who helps people, machines and
gadgets do a better job.
Reliability Leadership - ANSWER A process of social influence in which
one person can enlist the aid and support of other in the
accomplishment of a common task.
Uptime - ANSWER A measure of the time an asset is working and
available.
Uptime Elements - ANSWER A unified theory to explain the
fundamentals elements of reliability and hoe they relate to each other.
Reliability Engineering Maintenance (REM)
Asset Condition Assessment (ACM)
Work Execution Management (WEM)