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IBM Assess: Fundamentals of Applying Maximo Asset Management Solutions V3 Sample Questions:

1. Which statement describes asset visibility?

A) having all assets coded with a radio frequency identity chip
B) providing clear access to view assets in operation
C) real-time dashboards needed to manage assets against business objectives
D) a barcode is displayed on all assets

2. It is discovered that although a client has a storeroom, they do not maintain the stock levels or condition of the parts because this is done by a third party. Which type of inventory will need to be set up in IBM Maximo Asset Management?

A) Outside stock
B) Consignment stock
C) Managed stock
D) Kitted stock

3. Which type of contract defines an agreement to maintain one or more assets with an outside provider?

A) Blanket Contract
B) Warrantst Contract
C) Price Contract
D) LaborRate Contract

4. Which feature/function enables a manager to quickly assess the overall performance of assets?

A) The creation of Key Performance Indicators for the asset.
B) Set the Display Downtime Report prompt in the Organization Options to On, so when the asset is in a Down status the user will be able to record the downtime.
C) The creation of a Cognos report from IBM Maximo that provides the residual value of assets.
D) The creation of an escalation that initiates an action to start a workflow process when the status of the asset changes to Decommissioned.

5. A customer wants to create a repeatable and structured work order approval process. They require the maintenance supervisor to review and approve any work order for assets in their PRODUCTIONLINE location. What is a solution for this requirement?

A) Create a custom workflow process
B) Use conditional security to restrict access to the Change Status function
C) Use automation scripting
D) Create a wizard style application for work order approval

Solutions: