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| Section | Objectives |
|---|---|
| Topic 1: Risk and Value Management | - Managing asset-related risk
|
| Topic 2: Disposal and End-of-Life Management | - Asset disposal strategies
|
| Topic 3: Operation and Maintenance | - Asset performance and reliability
|
| Topic 4: Asset Acquisition and Procurement | - Sourcing and procurement of assets
|
| Topic 5: Understanding Asset Management | - Principles of whole life asset management
|
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NEW QUESTION # 90
Which of the following best describe the function of MRP?
Answer: A
Explanation:
Material requirement planning (MRP) is a production planning and material (inventory) control system used in manufacturing. Objectives of MRP are to ensure materials are available for production while minimising inventory and to plan production and procurement activities.
MRP process is described in the graph below:
Text Description automatically generated
NEW QUESTION # 91
To improve the security of a warehouse, alarm systems are commonly used. Which of the following is an important part of these systems?
Answer: D
Explanation:
The most basic alarm consists of one or more sensors to detect intruders, and an alerting device to indicate the intrusion. However, a typical premises security alarm employs the following compo-nents:
- Premises control unit (PCU), Alarm Control Panel (ACP), or simply panel: The "brain" of the system, it reads sensor inputs, tracks arm/disarm status, and signals intrusions. In modern system, this is typically one or more computer circuit boards inside a metal enclosure, along with a power supply.
- Sensors: Devices which detect intrusions. Sensors may be placed at the perimeter of the protected area, within it, or both. Sensors can detect intruders by a variety of methods, such as monitoring doorsand windows for opening, or by monitoring unoccupied interiors for motions, sound, vibration, or other disturbances.
- Alerting devices: These indicate an alarm condition. Most commonly, these are bells, sirens, and/or flashing lights. Alerting devices serve the dual purposes of warning occupants of intrusion, and potentially scaring off burglars. These devices may also be used to warn occupants of a fire or smoke condition.
- Keypads: Small devices, typically wall-mounted, which function as the human-machine interface to the system. In addition to buttons, keypads typically feature indicator lights, a small multi-character display, or both.etc.
- Interconnections between components. This may consist of direct wiring to the control unit, or wireless links with local power supplies.
In addition to the system itself, security alarms are often coupled with a monitoring service. In the event of an alarm, the premises control unit contacts a central monitoring station. Operators at the station see the signal and take appropriate action, such as contacting property owners, notifying police, or dispatching private security forces. Such signals may be transmitted via dedicated alarm circuits, telephone lines, or the internet.
NEW QUESTION # 92
Which of the following are examples of subjective methods of forecasting? SelectTWOthat apply.
Answer: B,E
NEW QUESTION # 93
A procurement manager (PM) is purchasing a piece of capital equipment that requires toxic chemicals in its operation. The PM has included end-of-life packaging costs in the whole-life costing calculation. Was it appropriate to include this?
Answer: D
Explanation:
Including end-of-life packaging costs is essential when dealing with hazardous materials, as they often require special packaging and labeling for safe disposal. Whole-life asset management considers disposal costs in the total lifecycle cost to ensure compliance with regulations and prevent environmental harm.
NEW QUESTION # 94
Which is the best definition of reorder point?
Answer: A
Explanation:
Reorder point is the point either in time or in a process when the next order should be placed.
NEW QUESTION # 95
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