CIPS Exam L4M8 Topic 11 Question 2 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 2
Topic #: 11

[All L4M8 Questions]

Describe two ways in which an organization with which you are familiar could use continuous im-provement as part of whole life asset management.

AExplanation:
Continuous improvement relates to removing waste from the supply chain and improving processes to increase efficiency within whole life asset management in a full power project (a flour producing firm) can benefit from continuous improvement in the following ways;
1) Reduce cost of spears by recondition parts, instead of disposing them out rightly.
2) Can reduce down time by conducting routine maintenance after hours.
3) Can reducing accident by up skilling operators on safety
4) Can reduce waste oil by following owner's manual instead of relying on experience.
5) Create efficiencies by operating a 24/7 shift pattern.
*
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Suggested Answer: A

by Meaghan at Oct 17, 2022, 11:59 AM

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Ilona

28 days ago

Safety training for the operators is a smart move. Can't have those folks taking any unnecessary risks. Might as well keep them on their toes, you know?

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Elza

3 days ago

Absolutely, it's important to prioritize the well-being of the operators.

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Kristel

14 days ago

Yes, safety training is crucial for preventing accidents.

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Jaclyn

1 months ago

24/7 shift pattern, eh? I guess the flour plant never sleeps. That's some real dedication to efficiency right there. I wonder if the night shift gets free donuts.

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Gaynell

1 months ago

Hmm, the explanations provided seem to cover a lot of ground. I like the idea of reconditioning parts instead of outright disposal. That could be a real cost-saver.

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Sheron

5 days ago

It's all about finding ways to optimize processes and make the most out of resources.

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Leonida

7 days ago

I agree, reducing waste and increasing efficiency is key for continuous improvement.

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Bobbye

22 days ago

That's a great point! Reconditioning parts can definitely save a lot of money in the long run.

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Ricarda

2 months ago

I see your point, Gearldine. Another way could be conducting routine maintenance after hours to reduce downtime. That way, the organization can maximize asset utilization.

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Francis

2 months ago

The question seems straightforward, but I'm not sure if I fully understand the concept of 'whole life asset management.' I'll need to do some research on that before attempting to answer.

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Lottie

1 months ago

Another way is to conduct routine maintenance after hours to reduce downtime. It's all about making small changes to increase efficiency over time.

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Trinidad

1 months ago

Continuous improvement in whole life asset management involves finding ways to reduce waste and improve processes. For example, a company could recondition parts instead of disposing them to save costs.

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Gearldine

2 months ago

I agree with you, Albina. In my opinion, one way an organization can use continuous improvement is by reconditioning parts instead of disposing them.

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Albina

2 months ago

I think continuous improvement is crucial for organizations. It helps in reducing waste and increasing efficiency.

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