questions with complete 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.
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)
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.