Introduction to Asset Management Questions with Correct Answers

Introduction to Asset Management

Correctly use Asset Management terms in context - answer Item = Asset
Service or Portfolio = Activity
Person = Activity Manager
Process = Activity Management
Discipline = Asset Management

List the four questions of Asset Management - answer-What assets do you have?
-What condition are your assets in?
-What mission requirement does the asset help fulfill?
-How are you going to invest in your assets to meet current and future mission
requirements?

Item is a _______ - answer Asset

Service or Portfolio is a ________ - answer Activity

Person is a _________ - answerActivity Manager

Process is a ________ - answerActivity Management

Discipline is a __________ - answerAsset Management

Identify the USAF Civil Engineer Enterprise Asset Management principles - answer-
Incorporate asset *visibility* data collection into maintenance activities
-Understand asset *value* to the mission
-Manage *risk* to an acceptable level
-Optimize *performance*
-Minimize *life-cycle* cost to the extent possible

Provide examples of how leadership, data, and communication can be leveraged to
operationalize infrastructure Asset Management in the Air Force
Essay question.... - answerWe must enable our squadrons to develop the critical
thinking and analytical skills to make effective decisions at the lowest possible level.