3.5 How Asset Information Contributes

Question 1

How to ensure the information is fit?

Answer 1

Decision making requirements should define asset, information, requirement, and not the other way around

Question 2

What are the three process stages to achieve asset knowledge?

Answer 2

Data - collect data and data storage
Information - Integrate / process into info and Reporting
Knowledge - Analysis and Decision

Question 3

What can be done in order to manage the many different kinds of information of an asset?

Answer 3

An asset information strategy can be put into place. This helps to find activities and organization will undertake to ensure that its assets nformation meets current and future requirements. 

Question 4

What are the six criteria to define and assess data quality?

Answer 4

Completeness
Consistency
Uniqueness
Validity
Accuracy
Timeliness

Question 5

What is the correct top down asset information hierarchy?

Answer 5

Knowledge, information, data

Question 6

What information should be collected on assets?

Answer 6

Information necessary to support the decisions that need to be made

Question 7

What are asset information systems?

Answer 7

The physical systems that enable to collection, storage or dissemination of information

Question 8

What are the six data quality measures?

Answer 8

Completeness, consistency, timeliness, uniqueness, accuracy, validity