Asset Management Enterprise Asset Management 2 — Questions and Answers
Question 1: Which EAM module is primarily responsible for scheduling recurring inspections and preventive tasks automatically?
- Work Order Management
- Preventive Maintenance (PM) Module (Correct answer)
- Inventory Control
- Asset Registry
Correct answer: Preventive Maintenance (PM) Module
The Preventive Maintenance module automates the scheduling of recurring inspections and servicing tasks based on time or usage triggers.
Question 2: In EAM, what does 'asset criticality ranking' primarily help an organization determine?
- The book value of each asset
- Which assets require priority maintenance resources (Correct answer)
- How many spare parts to stock company-wide
- The depreciation schedule for tax purposes
Correct answer: Which assets require priority maintenance resources
Asset criticality ranking categorizes assets by their impact on operations, safety, and revenue, guiding where maintenance resources should be prioritized.
Question 3: A manufacturing plant uses condition-based monitoring sensors on its turbines. This practice is an example of which maintenance strategy?
- Run-to-failure maintenance
- Preventive maintenance
- Predictive maintenance (Correct answer)
- Corrective maintenance
Correct answer: Predictive maintenance
Predictive maintenance uses real-time sensor data and condition monitoring to forecast equipment failures before they occur.
Question 4: What is the primary purpose of a 'Failure Mode and Effects Analysis' (FMEA) in an EAM context?
- To calculate the total cost of ownership of an asset
- To identify potential failure modes and their impact on operations (Correct answer)
- To generate work orders for completed repairs
- To track asset geographic locations on a map
Correct answer: To identify potential failure modes and their impact on operations
FMEA systematically identifies possible ways an asset can fail and evaluates the consequences to help prioritize risk mitigation strategies.
Question 5: Which metric measures the percentage of time an asset is available and operational relative to its total scheduled time?
- Mean Time to Repair (MTTR)
- Overall Equipment Effectiveness (OEE)
- Asset Availability (Correct answer)
- Planned Maintenance Percentage (PMP)
Correct answer: Asset Availability
Asset Availability = (Total Scheduled Time − Downtime) / Total Scheduled Time × 100, reflecting how often an asset is ready for use.
Question 6: In EAM software, a 'parent-child asset hierarchy' is used to:
- Rank assets by monetary value from highest to lowest
- Link subordinate components to their parent asset for tracking and reporting (Correct answer)
- Assign ownership of assets to specific departments
- Categorize assets by procurement date
Correct answer: Link subordinate components to their parent asset for tracking and reporting
Parent-child hierarchies in EAM allow organizations to associate components and sub-assemblies with their parent asset, enabling roll-up reporting and precise maintenance targeting.
Question 7: Which EAM best practice involves establishing a structured system of codes to classify assets, failure causes, and work types?
- Capital planning
- Coding and classification standardization (Correct answer)
- Root cause analysis
- Inventory optimization
Correct answer: Coding and classification standardization
Standardized coding and classification in EAM ensures consistent data entry, enabling meaningful analytics, benchmarking, and reporting across the organization.
Asset Management Enterprise Asset Management 2
Which EAM module is primarily responsible for scheduling recurring inspections and preventive tasks automatically?