Week 7 - IM, Sustainability, Resilience of Assets

Question 1

What are the enablers for AM?

Answer 1

Asset management teams

Asset management plans

Question 2

What are the three enablers at the strategy development stage?

Answer 2

Information systems and tools

Service delivery

Quality management & continuous improvement

Question 3

What are the three key areas of data?

Answer 3

External - Legislation & regulations

Organisational - Policies & strategic plans

Asset - Physical asset & components

Question 4

Define ‘Data’ and ‘Information’.

Answer 4

Data is a collection of facts, and Information is putting the facts into context.

Question 5

What is ‘resilience’?

Answer 5

Having multiple potentially overlapping systems with each one capable of functioning independently.

Question 6

What are the three types of change.

Answer 6

Incremental

Shock

Transitional

Question 7

What is information management?

Answer 7

The process of taking documents provided for an asset or the asset system and managing them correctly, so that the right information can get to the right stakeholder, in the right degree of detail, so that a decision can be made.

Question 8

What are the four main stages of IM?

Answer 8

Data capture
Store
Manage/Delivery
Preserve

Question 9

What are the 3 legs of sustainability?

Answer 9

Environmental, Social & Economic

Question 10

List economic considerations for asset management.

Answer 10

• Short-term funding
• Initial costs (training, people, technology)
• Long term financial savings