🏭 Plant Management, Safety & Administration medium Q1
A Class 4 plant superintendent is developing an asset management plan (AMP) for the plant's infrastructure. What is the key information needed for an effective AMP?
A. An AMP only needs a list of equipment; no other information is required B. An effective AMP requires: asset inventory (all assets with age, condition, replacement value), condition assessment (current condition rating), remaining useful life estimates, risk assessment (consequence of failure x probability of failure), capital replacement plan (prioritized by risk and remaining life), and funding strategy (reserve fund, grants, rate increases) C. AMPs are only required for water distribution systems; wastewater plants are exempt D. An AMP only needs to cover assets > $1 million in value
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