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1. Which of the following techniques is commonly used for item identification in inventory management?
Response:
A) Barcode scanning
B) RFID tagging
C) Manual counting
D) Statistical analysis
2. What are the benefits of implementing predictive analysis of asset health?
Response:
A) Reduced maintenance costs and improved asset reliability
B) Minimized unplanned downtime and improved operational efficiency
C) All of the above
D) Optimized maintenance scheduling and resource allocation
3. How does predictive analysis of asset health differ from preventive maintenance?
Response:
A) Predictive analysis uses real-time data and analytics, while preventive maintenance is based on predefined schedules.
B) Predictive analysis aims to identify early signs of asset degradation, while preventive maintenance aims to prevent failures proactively.
C) All of the above.
D) Predictive analysis focuses on predicting asset failures, while preventive maintenance is scheduled based on fixed intervals.
4. How does work execution contribute to project success?
Response:
A) By ensuring project tasks are completed on time and within budget
B) By delivering project outcomes that meet stakeholder expectations
C) All of the above
D) By managing resources effectively and efficiently
5. What is safety stock in inventory management?
Response:
A) Stock for promotional or seasonal items
B) Stock reserved for high-value items
C) Excess stock to meet unexpected demand
D) Stock used for quality control inspections
Solutions:
Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: C |
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