CERTIFIED RELIABILITY LEADER - ACM
GREEN BOOK QUESTIONS AND
ANSWERS WITH COMPLETE
SOLUTIONS 100% CORRECT RATED A+
NEWLY UPDATED 2025
Q: What is meant by asset condition information (ACI)?
A: ACI includes all data, inspections, and status reports gathered over the life
of an asset. It reflects the asset’s health and helps inform both daily decisions
and predictions about future performance.
Q: Over the past two decades, which area in asset management has expanded
the most?
A: The collection and use of asset condition information has seen rapid
growth.
Q: What is essential for effective management of asset condition information?
A: Connecting data in a meaningful way to enable decisions that deliver the
highest value to the organization.
Q: What are three important aspects of monitoring asset condition?
A:
1. Knowing what to monitor and which methods to use
2. Determining the timing and automation of data collection
3. Automating data analysis to make fast and informed maintenance
decisions
when implementing condition monitoring, typically two different approaches
are used to decide what method to use to detect a failure mode. -
ANSWERS✔✔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 - ANSWERS✔✔ISO55001
With automation of condtion information - ANSWERS✔✔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.
asset - ANSWERS✔✔something that has potential or actual value to an
organization
asset management - ANSWERS✔✔set of coordinated activities that an
organization uses to realize value from assets in the delivery of its aim.
asset management strategy - ANSWERS✔✔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 - ANSWERS✔✔grouping of assets that have common
characteristics that distinguish them as group or class.
Computerized Maintenance Management System (CMMS) - ANSWERS✔✔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)
lifecycle - ANSWERS✔✔stages involved in the mgmt of an asset
risk - ANSWERS✔✔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 - ANSWERS✔✔An individual who has passed the
Association for Maintenance Professionals exam and is in good standing.
all measurements and testing - ANSWERS✔✔delivers nothing unless they
drive the appropriate action
a cross-refence of as many sources of information as possible -
ANSWERS✔✔will drive the best solutions
GREEN BOOK QUESTIONS AND
ANSWERS WITH COMPLETE
SOLUTIONS 100% CORRECT RATED A+
NEWLY UPDATED 2025
Q: What is meant by asset condition information (ACI)?
A: ACI includes all data, inspections, and status reports gathered over the life
of an asset. It reflects the asset’s health and helps inform both daily decisions
and predictions about future performance.
Q: Over the past two decades, which area in asset management has expanded
the most?
A: The collection and use of asset condition information has seen rapid
growth.
Q: What is essential for effective management of asset condition information?
A: Connecting data in a meaningful way to enable decisions that deliver the
highest value to the organization.
Q: What are three important aspects of monitoring asset condition?
A:
1. Knowing what to monitor and which methods to use
2. Determining the timing and automation of data collection
3. Automating data analysis to make fast and informed maintenance
decisions
when implementing condition monitoring, typically two different approaches
are used to decide what method to use to detect a failure mode. -
ANSWERS✔✔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 - ANSWERS✔✔ISO55001
With automation of condtion information - ANSWERS✔✔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.
asset - ANSWERS✔✔something that has potential or actual value to an
organization
asset management - ANSWERS✔✔set of coordinated activities that an
organization uses to realize value from assets in the delivery of its aim.
asset management strategy - ANSWERS✔✔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 - ANSWERS✔✔grouping of assets that have common
characteristics that distinguish them as group or class.
Computerized Maintenance Management System (CMMS) - ANSWERS✔✔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)
lifecycle - ANSWERS✔✔stages involved in the mgmt of an asset
risk - ANSWERS✔✔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 - ANSWERS✔✔An individual who has passed the
Association for Maintenance Professionals exam and is in good standing.
all measurements and testing - ANSWERS✔✔delivers nothing unless they
drive the appropriate action
a cross-refence of as many sources of information as possible -
ANSWERS✔✔will drive the best solutions
