Asset Management & Reliability Flashcards
7 cards from real MMC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Asset Management & Reliability flashcards as text
In a Total Productive Maintenance (TPM) program, what does the 'Overall Equipment Effectiveness' (OEE) metric measure?
Answer: The product of Availability, Performance, and Quality rates
OEE = Availability × Performance × Quality, capturing all major sources of equipment loss in a single metric ranging from 0 to 100%.
Which asset management decision framework evaluates options by comparing the net present value of all costs and benefits over the asset's full life cycle?
Answer: Life Cycle Cost (LCC) analysis
Life Cycle Cost analysis accounts for all costs (acquisition, operation, maintenance, disposal) discounted to present value, enabling fair comparison of options with different profiles over time.
A maintenance team identifies that 20% of equipment causes 80% of downtime. This observation is consistent with:
Answer: Pareto Principle applied to maintenance
The Pareto Principle (80/20 rule) commonly applies to maintenance, where a small fraction of equipment or failure modes drives the majority of downtime losses.
What is the purpose of a 'maintenance strategy review' in an asset management system?
Answer: Validate that selected maintenance tasks remain appropriate as equipment condition and context change
Maintenance strategies must be periodically reviewed to ensure they still match the operating context, failure experience, and business risk tolerance as conditions evolve.
In condition monitoring, 'trend analysis' is preferred over single-point measurements primarily because:
Answer: It detects the rate of change, providing earlier warning and more lead time for intervention
Trend analysis reveals deterioration rate and trajectory, allowing teams to predict when a threshold will be crossed and plan intervention before functional failure occurs.
Which of the following is a key output of an Asset Management Plan (AMP) according to ISO 55001?
Answer: Activities, resources, responsibilities, and timelines for managing assets to achieve organizational objectives
An Asset Management Plan details the specific activities, resource requirements, responsibilities, and schedules needed to achieve the asset management objectives aligned with organizational goals.
When performing a Root Cause Failure Analysis (RCFA), the '5 Whys' technique is designed to:
Answer: Iteratively question causes to penetrate beyond symptoms to the underlying root cause
The 5 Whys technique asks 'why' repeatedly (typically five times) to move past the immediate cause and symptom to identify the true root cause driving the failure.