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L4M7 Exam Dumps : Whole Life Asset Management

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Whole Life Asset Management Questions and Answers

Question 1

PPC Refinery (UK) must close down an out-of-date refinery which has very poor environmental performance. The refinery is very sophisticated with many technically complicated machineries, lubricants, coolants and other chemical substances. Decommissioning the refinery is highly risky and hazardous. To manage the decommissioning process well, PPC project team must know these machineries and substances in details. Which document can provide the technical details on the refinery?

Options:

A.

Original specifications

B.

Non-disclosure agreement

C.

Code of Conduct

D.

Corporate social responsibility policy

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Question 2

Buffer stock is a level of stock which...

Options:

A.

Is half of the actual stock that needs to be in the warehouse

B.

Is the minimum stock level below which actual stock should not fall

C.

Is the maximum stock in inventory

D.

Is when the physical ordering process should start to replenish used items

Question 3

Which of the following are recognised as disadvantages of ERP systems? Select TWO that apply.

Options:

A.

High initial investment

B.

Required intensive employee training

C.

Only applied to manufacturing

D.

Lower factory efficiencies

Excluded inventory records