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CIPS Exam L3M2 Topic 4 Question 19 Discussion

Actual exam question for CIPS's L3M2 exam
Question #: 19
Topic #: 4
[All L3M2 Questions]

'The usefulness of lifetime costing is for decision-making about whether to acquire an asset with an expected:

Show Suggested Answer Hide Answer
Suggested Answer: A

Quality.

Specification is fundamental to receiving the right quality.

Standards can be seen as a form of specification intended for recurrent use (Lysons)


by Ciara at Sep 12, 2024, 03:47 PM

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Felix
2 months ago
B, for sure. Long life assets are where lifetime costing really shines. Gotta consider all those future costs, not just the initial purchase price.
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Kanisha
21 days ago
D) Shelf life
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Kayleigh
29 days ago
C) After life
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Merilyn
1 months ago
B) Long life
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Moon
1 months ago
A) Short life
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Reta
2 months ago
Haha, D. Shelf life? That's a good one. I'll have to remember that one for the next time I'm taking a certification exam.
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Roselle
2 months ago
C? After life? Really? I think the person who wrote this question needs to brush up on their asset management terminology.
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Abraham
1 months ago
D) Shelf life
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Stevie
1 months ago
B) Long life
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Leeann
1 months ago
A) Short life
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Chau
2 months ago
I was going to say A, but now I'm not so sure. Hmm, I'll have to think about this one a bit more.
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Corinne
2 months ago
I'm not sure, but I think it's A) Short life because you need to consider costs over the entire lifespan of the asset.
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Felton
2 months ago
I agree with Whitney, lifetime costing is important for assets with long life.
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Whitney
2 months ago
I think the answer is B) Long life.
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Trevor
2 months ago
Definitely B. Lifetime costing is most useful for assets with a long life, where the ongoing operational and maintenance costs can make a big difference.
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Wai
1 months ago
Shelf life assets may not even be relevant for lifetime costing calculations.
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Beatriz
1 months ago
B) Long life
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Brittney
1 months ago
Short life assets may not benefit as much from lifetime costing analysis.
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Glynda
1 months ago
Long life assets can have significant operational and maintenance costs that need to be considered.
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Olga
2 months ago
A) Short life
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Shala
2 months ago
I agree, lifetime costing is definitely more useful for assets with a long life.
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