CRL Exam with verified detailed solutions

CRL Exam with verified detailed solutions !| !| !| !| !|




What are the 4 key themes of asset management? - Correct answer ✔1.
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Aligned objectives !|




2. Transparent and consistent decision making
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3. Long term strategic view
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4. Risk based decision making from position of knowledge
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What do AM policy, SAMP, and AM plans document? - Correct answer
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✔They document the approach and method for realizing value from assets.
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Who approves the higher level documents like the AM Policy and SAMP? -
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Correct answer ✔The top levels of management.
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What should the Asset Management (AM) plan contain? - Correct answer
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✔1. The organizations objectives
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2. The key asset management principles the organization will work towards.
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3. A commitment to continual improvement.
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What does the Asset Management plan look like? - Correct answer ✔The
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AM policy is generally one page or less, and as a useful tool for
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communicating the organizations principles, and intend to internal and !| !| !| !| !| !| !| !| !|




external stakeholders, another critical success factor for asset management
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, What do the AM policy, SAMP, and AM plans entail? - Correct answer
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✔Should ensure assets are delivering value that meets stakeholders' needs. It
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should be a collaborative and integrated process that uses a transparent and
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consistent approach. !|




What is Corporate Responsibility (Cr) - Correct answer ✔How organizations
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take responsibility for managing the impacts of their activities on society and
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the environment.
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Why is Cr important? - Correct answer ✔Cr is an enterprise-wide
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engagement that is viewed as an investment in the sustainability future of
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organization.



What are the typical areas of Cr activities? - Correct answer ✔1. Business
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ethics and ethnical procurement
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2. Community investment
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3. Human Rights
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4. Sustainability
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5. Stakeholder Relations
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What does SAMP stand for? - Correct answer ✔Strategic Asset Management
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Plan



What is SAMP? - Correct answer ✔A document that provides the strategy for
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converting stakeholders' views in terms of required outcomes and reporting -
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turning decisions into outcomes. !| !| !|