Functional Analyst - Asset Management

Question 1

A rotating asset can have both an inventory value and an issue cost?

Select one:

a.
True

b.
False

Answer 1

True

Question 2

A rotating item’s IAS is automatically copied to each of its individual assets?

Select one:

a.
True

b.
False

Answer 2

False

Question 3

Each recieved rotating item must be assigned its own asset number?

Select one:

a.
True

b.
False

Answer 3

True

Question 4

Moving Assets between non-inventory locations (or operating) has no financial impact?

Select one:

a.
True

b.
False

Answer 4

True

Question 5

Swapping assets has the same financial impact as moving assets?

Select one:

a.
True

b.
False

Answer 5

True

Question 6

The Asset TYPE field is a mandatory field?

Select one:

a.
True

b.
False

Answer 6

False

Question 7

When the Maintain Hierarchy Flag is set on the top level asset, you cannot move a child asset that is part of the subassembly?

Select one:

a.
True

b.
False

Answer 7

True

Question 8

Which of the following are rules for creating sub-assemblies?

Select one or more:

a.
You can copy the IAS from one item to another item without duplicating the item record.

b.
Non-rotating items become Spare Parts when the IAS is applied to a rotating asset.

c.
Rotating items on an IAS become part of the parent asset hierarchy.

d.
Rotating and non-rotating items can be used to define an IAS.

e.
Parent rotating items must have the Maintain Hierarchy Flag Set.

Answer 8

Non-rotating items become Spare Parts when the IAS is applied to a rotating asset.,

Rotating items on an IAS become part of the parent asset hierarchy.,

Rotating and non-rotating items can be used to define an IAS.

Question 9

Which of the following changes is NOT a method for modifying an asset?

Select one:

a.
Change the individual asset record

b.
Use the Move/Modify action

c.
Use the Asset Template Application

d.
Use the Work Order Application

e.
All of the above are methods for changing an asset

Answer 9

All of the above are methods for changing an asset

Question 10

Which of the following is not a method for creating asset records in Maximo?

Select one:

a.
Assets Application

b.
Receiving Application

c.
Deploy Assets Application

d.
Asset Templates Application

Answer 10

Deploy Assets Application

Question 11

Which of the following meter types are used with Condition Monitoring? (Select Two)

Select one or more:

a.
Guage

b.
Continuous

c.
Characteristic

d.
Average-calculation

Answer 11

Guage, Characteristic

Question 12

Which of the following methods are available to the MIF for uploading meter readings into Maximo?

Select one:

a.
Interface Tables

b.
Flat File Processing

c.
XML File Processing

d.
All of above

Answer 12

All of above

Question 13

Which one of the following statements are false?

Select one:

a.
Use failure codes to record remendies

b.
Use failure codes to report the root cause of the problem

c.
Use failure codes to analyze failure trends

d.
Use failure codes to construct to accurate history

e.
Use failure codes to help identify individual rotating assets.

Answer 13

Use failure codes to help identify individual rotating assets.

Question 14

You can add parts using the New Row button as well as the Select Spare Parts button?

Select one:

a.
True

b.
False

Answer 14

True

Question 15

You can assign a GL account to both an asset and to its operating location?

Select one:

a.
True

b.
False

Answer 15

True

Question 16

You can copy any item’s IAS to any other item?

Select one:

a.
True

b.
False

Answer 16

True

Question 17

You can correlate failure information with other data, such as PM schedules to reduce or limit future asset failures?

Select one:

a.
True

b.
False

Answer 17

True

Question 18

You can move a rotating asset from one organization to a different organization, even if the receiving organization has a different item set?

Select one:

a.
True

b.
False

Answer 18

False

Question 19

You can receive both rotating and non-rotating assets (consumables)?

Select one:

a.
True

b.
False

Answer 19

True

Question 20

You can report downtime using either the Assets Application or through a work order?

Select one:

a.
True

b.
False

Answer 20

True

Question 21

You can use an Asset Template to both create new assets and modify existing assets.

Select one:

a.
True

b.
False

Answer 21

True

Question 22

You can use failure codes on work orders to help reduce duplicates?

Select one:

a.
True

b.
False

Answer 22

True

Question 23

You can use the Asset Templates Application both to create new asset records and to modify existing asset records?

Select one:

a.
True

b.
False

Answer 23

True

Question 24

You can use the Classifications Application to change an Asset’s specification?

Select one:

a.
True

b.
False

Answer 24

True

Question 25

You can use the Move/Modify function to change the parent of more than one asset?

Select one:

a.
True

b.
False

Answer 25

True