GREEN BOOK QUESTIONS WITH
CORRECT SOLUTIONS
What is asset condition information? - ANSWER-compromises all the data,
observations, and conditions of an asset. It is the cumulative condition of an asset over
its lifecycle. This approach enables day to day decision support as well as prognostics
of future conditions.
What has been one of the fastest growing areas in asset management in the last 20
years? - ANSWER-asset condition information
What is the key to Aci management - ANSWER-the correlation of information to support
the most value driven solutions possible
It is important to know 3 things in asset condition monitoring - ANSWER-what to monitor
and with what method, when to monitor and automate the act of collecting data, and
how to automate the consolidation and analysis to the data collected to be able to make
timely and accurate maintenance decisions
when implementing condition monitoring, typically two different approaches are used to
decide what method to use to detect a failure mode. - ANSWER-1. to select an area or
plant and implement one new asset condition monitoring technique 2. the better
approach which is to conduct a reliability analysis.
asset management standard - ANSWER-ISO55001
With automation of condtion information - ANSWER-readings are consolidated into one
central repository and analyzed in a timely manner. Therefore degradation trends are
visible and there is a clear line of sight with the ability to trace a condition indicator at
any time down to the failure mode.
lifecycle - ANSWER-stages involved in the mgmt of an asset
risk - ANSWER-a future event that has some uncertainty of occurrence and could have
negative or positive consequences if it were to occur, probability of an event times its
effects.
certified reliability leader - ANSWER-An individual who has passed the Association for
Maintenance Professionals exam and is in good standing.
, all measurements and testing - ANSWER-delivers nothing unless they drive the
appropriate action
a cross-refence of as many sources of information as possible - ANSWER-will drive the
best solutions
asset - ANSWER-something that has potential or actual value to an organization
asset management - ANSWER-set of coordinated activities that an organization uses to
realize value from assets in the delivery of its aim.
asset management strategy - ANSWER-documented information that specifies how
organizational objectives are to be converted into asset mgmt objectives, the approach
for developing asset mgmt plans, and the roles of the asset mgmt system to support
achievement of the asset objectives also known as strategic asset mgmt plan. (SAMP)
asset type - ANSWER-grouping of assets that have common characteristics that
distinguish them as group or class.
Computerized Maintenance Management System (CMMS) - ANSWER-a software
system that keeps records and tracks all maint activities (maint work orders, PM
schedules, PM masters, material parts, work plans, and asset history)
the information provided by asset condition monitoring - ANSWER-is critical in a
physical asset mgmt program
the integrity of the data - ANSWER-must be verified to ensure correct decision-making
asset condition monitoring - ANSWER-must be economically viable, in other words, it
saves more than it costs.
a wealth of knowledge about how an asset's condition degrades exists in the minds of -
ANSWER-maintainers and operators. This information represents critical facts that
should be captured and systematized for the sustainability of the organization
the asset condition information you collect should be determined by - ANSWER-the
analysis tool such as RCM, FMEA, PMO, etc. This linkage to why you are doing the
work you do is important to workforce acceptance.
the most underutilized information in the industry is - ANSWER-on-line data
descriptive indicators - ANSWER-account for the majority of inspections in the industry
it is imperative that human sensory inspections be - ANSWER-clearly defined and
consistently applied.