CRL questions and answers 100%
complete solutions already passed
What are the 4 key themes of asset management? - correct answer ✔✔1. Aligned objectives
2. Transparent and consistent decision making
3. Long term strategic view
4. Risk based decision making from position of knowledge
What do AM policy, SAMP, and AM plans document? - correct answer ✔✔They document the
approach and method for realizing value from assets.
Who approves the higher level documents like the AM Policy and SAMP? - correct answer
✔✔The top levels of management.
What should the Asset Management (AM) plan contain? - correct answer ✔✔1. The
organizations objectives
2. The key asset management principles the organization will work towards.
3. A commitment to continual improvement.
What does the Asset Management plan look like? - correct answer ✔✔The AM policy is
generally one page or less, and as a useful tool for communicating the organizations principles,
and intend to internal and external stakeholders, another critical success factor for asset
management
What do the AM policy, SAMP, and AM plans entail? - correct answer ✔✔Should ensure assets
are delivering value that meets stakeholders' needs. It should be a collaborative and integrated
process that uses a transparent and consistent approach.
, What is Corporate Responsibility (Cr) - correct answer ✔✔How organizations take responsibility
for managing the impacts of their activities on society and the environment.
Why is Cr important? - correct answer ✔✔Cr is an enterprise-wide engagement that is viewed
as an investment in the sustainability future of organization.
What are the typical areas of Cr activities? - correct answer ✔✔1. Business ethics and ethnical
procurement
2. Community investment
3. Human Rights
4. Sustainability
5. Stakeholder Relations
What does SAMP stand for? - correct answer ✔✔Strategic Asset Management Plan
What is SAMP? - correct answer ✔✔A document that provides the strategy for converting
stakeholders' views in terms of required outcomes and reporting - turning decisions into
outcomes.
What following areas does the SAMP address? - correct answer ✔✔1. Starting point
2. Intended outcomes
3. Scope of the SAMP (Timescales, Asset Base, Responsibilities, Asset Management System)
4. Rules of the game
What drives the importance of SAMP? - correct answer ✔✔Driven by stakeholders, both
internal and external.
complete solutions already passed
What are the 4 key themes of asset management? - correct answer ✔✔1. Aligned objectives
2. Transparent and consistent decision making
3. Long term strategic view
4. Risk based decision making from position of knowledge
What do AM policy, SAMP, and AM plans document? - correct answer ✔✔They document the
approach and method for realizing value from assets.
Who approves the higher level documents like the AM Policy and SAMP? - correct answer
✔✔The top levels of management.
What should the Asset Management (AM) plan contain? - correct answer ✔✔1. The
organizations objectives
2. The key asset management principles the organization will work towards.
3. A commitment to continual improvement.
What does the Asset Management plan look like? - correct answer ✔✔The AM policy is
generally one page or less, and as a useful tool for communicating the organizations principles,
and intend to internal and external stakeholders, another critical success factor for asset
management
What do the AM policy, SAMP, and AM plans entail? - correct answer ✔✔Should ensure assets
are delivering value that meets stakeholders' needs. It should be a collaborative and integrated
process that uses a transparent and consistent approach.
, What is Corporate Responsibility (Cr) - correct answer ✔✔How organizations take responsibility
for managing the impacts of their activities on society and the environment.
Why is Cr important? - correct answer ✔✔Cr is an enterprise-wide engagement that is viewed
as an investment in the sustainability future of organization.
What are the typical areas of Cr activities? - correct answer ✔✔1. Business ethics and ethnical
procurement
2. Community investment
3. Human Rights
4. Sustainability
5. Stakeholder Relations
What does SAMP stand for? - correct answer ✔✔Strategic Asset Management Plan
What is SAMP? - correct answer ✔✔A document that provides the strategy for converting
stakeholders' views in terms of required outcomes and reporting - turning decisions into
outcomes.
What following areas does the SAMP address? - correct answer ✔✔1. Starting point
2. Intended outcomes
3. Scope of the SAMP (Timescales, Asset Base, Responsibilities, Asset Management System)
4. Rules of the game
What drives the importance of SAMP? - correct answer ✔✔Driven by stakeholders, both
internal and external.
