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AMP Certified Reliability LeaderExam Sample Questions:

1. The purpose of the asset management strategy or strategic asset management plan (SAMP) is to:

A) define the long-term strategy for asset maintenance across the organization.
B) define the long-term strategy for delivering value from assets to achieve organizational objectives.
C) define the long-term strategy for delivering asset upgrades and overhaul across the organization.

2. What is the typical annual percentage of holding cost of a $2 million inventory?

A) 40%
B) 20%
C) 30%

3. How is operational excellence described?

A) As a program
B) As a culture
C) As a methodology

4. Which of the following phases of an asset's lifecycle is usually the best time to make decisions to address reliability?

A) Specify & Design Phase
B) Operations & Maintenance Phase
C) Create Acquire Phase

5. Which of the following ranges of percentages is generally accepted to be a best practice in the item carrying cost per year of stocking an item and holding it in inventory?

A) 15 to 20%
B) 25 to 30%
C) 40 to 45%

Solutions: