ISO 55002 provides guidance that changes to Operations and Maintenance plans should be communicated:

A: To all members of the organization.

B: As determined by the communication plan.

C: To top management.

D: On an annual basis.

When and organization manages risk and opportunity to realize value from its assets what three factors ensuring and appropriate balance must be considered when changes are considered and made?

A: Value statement, output, condition.

B: Cost, asset age, performance.             

C: Organizational impact, customer satisfactions, cost.

D: Cost, Risk and performance.

What does triple bottom line assessment refer to?

A: Integrating social, environmental and economic factors into decision-making processes.

B: Presenting present value, current value and future value figures when comparing investment options.

C: Presenting a minimum of three scenarios when optioneering for senior management.

D: Having a minimum of three quotes from vendors when comparing investment options.

FMECA refers to:

A: Fault methods effects and criticality analysis.

B: Failures, maintenance, effort and competency assessment.

C: Failure modes, effects and criticality analysis.

D: Failure modes, evidence and causal aspects.

Which of the following is NOT a valid approach for assessing external changes that may impact an organisation?

A: PESTLE.

B: HAZOP.

C: Environmental scan.

D: SWOT Analysis.

 


Sample Exam Answers

ISO 55002 provides guidance that changes to Operations and Maintenance plans should be communicated:

B: As determined by the communication plan.

When and organization manages risk and opportunity to realize value from its assets what three factors ensuring and appropriate balance must be considered when changes are considered and made?

D: Cost, Risk and performance.

What does triple bottom line assessment refer to?

A: Integrating social, environmental and economic factors into decision-making processes. 

FMECA refers to:

C: Failure modes, effects and criticality analysis. 

Which of the following is NOT a valid approach for assessing external changes that may impact an organisation?

B: HAZOP.