L4M7 Reviews Questions

Whole Life Asset Management Questions and Answers

Question 41

Which of the following are likely to be included in a formal business case document for stakeholders to support the purchase of a new piece of specialist equipment?

The conformance standard that relates to the future operation of the equipment

The context of proposed purchase in relation to business strategy alignment

Resource requirements including the managerial and operational team resources

The planned preventative maintenance plan for the equipment to ensure effectiveness

Options:

1 and 2 only

2 and 5 only

3 and 4 only

2 and 4 only

Question 42

Long-term forecasting of demand using a subjective method is based on a...

Options:

Predicted cash flow forecast levels used by the organisation

Method of calculating the price in detail within the supply chain

Qualitative, informal, experience-based, or intuitive method

Quantitative, explicit, statistical, or formal method

Question 43

Which ONE of the following correctly differentiates between obsolescent and redundant stock?

Options:

Obsolescent stock is in short supply; redundant stock has no current supplier with stock available

Obsolescent stock is damaged goods that need returning to suppliers; redundant stock is no longer stocked by the organisation

Obsolescent stock has been updated by another item but can still be used; redundant stock is no longer used by an organisation

Obsolescent stock has been supplied by a failed supplier; redundant stock requires quality testing before use

Question 44

Nuclear Energy Group Limited (NEG) has a number of investment options currently under appraisal. As these are all long-term investments (more than 30 years), NEG is adopting a total cost of ownership approach. It has gathered data on all associated costs over the life of the investment. Which of the following will be regarded as end-of-life costs?

Options:

Insurance costs

Servicing costs

Installation costs

Decommissioning costs

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Whole Life Asset Management Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce