CIPS Exam L4M8 Topic 6 Question 38 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 38
Topic #: 6

[All L4M8 Questions]

Justify which of the five approaches to condition performance monitoring you think is the most cost effective within whole life asset management.

AExplanation:
Condition performance monitoring is a surveillance system that is designed to get the maximum production uptime and availability out of an asset. And this can be achieved by timely monitoring and measuring of temperature, vibration, output, speed, noise, emissions and quality. With this, decision has to be made as to what, if any, action needs to be taken. The five approaches to condition performance monitoring are as follows:
1. Do nothing: Use like a commodity. This will bring worries later.
2. Reactive: Fix it when it breaks. This will run to failure.
3. Preventive: Scheduled maintenance.
4. Predictive: Fix it before it breaks. Predict faults.
5. Proactive: Continuous improvement defect elimination.
The most cost-effective approach is 'Proactive', because is the only approach that has continuous improvement in the process, people and policies to minimize downtime. Being proactive takes defect out f the system and continuously harness opportunity that will optimize the system
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Suggested Answer: A

by Ryan at Jul 04, 2024, 12:01 PM

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Emilio

6 days ago

I'm not sure about this 'do nothing' approach. Waiting for things to break down sounds like a disaster waiting to happen. I'll steer clear of that one!

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Shannon

11 days ago

I agree, the 'Proactive' approach seems to be the most cost-effective in the long run. Anything that can help 'harness opportunity' is worth considering.

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