1- Asset Management

Question 1

List the four questions of asset management

Answer 1

1. What do you have?
2. What condition are your assets in?
3. How important are they to you?
4. What are you going to do with them?

Question 2

Identify principles and pillars of asset management

Answer 2

Principles: performance, lifecycle, visibility, risk, value

Pillars: data, leadership, communication

Question 3

Describe how requirements are identified

Answer 3

Formal requirements: AMP/Sub AMPs, facility managers, safety codes, shops, housing office, R&O etc

Informal: leadership, friends/neighbors

Question 4

Define Air Force Activity Management

Answer 4

● How we do Asset Management
● The process of developing a recommended investment strategy for a portfolio of assets
● Sub-Activity Management is - The same process for a subset of the portfolio.

• not just CEO or CEN, everyone works towards it

Question 5

List the four Activities at a typical base and where they sit within a traditional Squadron

Answer 5

1. Facilities (CEN)
2. Utilities (CEO)
3. Airfield and transportation networks (CEO)
4. Real estate and natural infrastructure (CEI)

Question 6

What is an asset?

Answer 6

item; something that provides value

Question 7

What is an activity?

Answer 7

service or portfolio; group of assets

Question 8

What is an activity manager?

Answer 8

person who manages activities

Question 9

What is activity management?

Answer 9

the process of managing activities

Question 10

What is asset management?

Answer 10

the discipline of activity management