Asset Management Infrastructure Asset Management

Question 1

What is the primary objective of infrastructure asset management?

Accepted Answer

Deliver required service levels at optimal whole-life cost

Answer

Minimize the number of assets owned

Answer

Maximize short-term maintenance spending

Answer

Eliminate all unplanned outages immediately

Question 2

Which US federal act established requirements for asset management plans for surface transportation assets?

Accepted Answer

Moving Ahead for Progress in the 21st Century Act (MAP-21)

Answer

Clean Water Act

Answer

National Environmental Policy Act

Answer

Federal Highway Act of 1956

Question 3

A Level of Service (LoS) in infrastructure asset management defines:

Accepted Answer

The performance outcomes an asset is expected to deliver to users

Answer

The number of maintenance staff per asset

Answer

The frequency of capital reinvestment

Answer

The maximum allowable age of infrastructure

Question 4

What does the term 'infrastructure deficit' refer to?

Accepted Answer

The gap between funding needed to maintain assets at required service levels and available budget

Answer

A shortage of qualified asset managers

Answer

Assets that are physically below ground

Answer

Negative return on asset investment

Question 5

Which condition assessment tool assigns a numerical score to infrastructure assets to indicate their physical state?

Accepted Answer

Condition Index (CI) or Asset Condition Rating

Answer

SWOT analysis

Answer

Balanced scorecard

Answer

Net Promoter Score

Question 6

What is 'renewal annuity' in infrastructure financial planning?

Accepted Answer

The average annual investment required to sustainably replace assets at end of life

Answer

Annual interest on infrastructure bonds

Answer

A government grant program for roads

Answer

Monthly depreciation charge for bridges