Exam L4M8 Topic 1 Question 102 Discussion

Actual exam question for CIPS's L4M8 exam
Question #: 102
Topic #: 1
Describe two ways in which an organization with which you are familiar could use continuous im-provement as part of whole life asset management.

Suggested Answer:

See the answer in explanation.
Explanation:
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.

by August at Sep 15, 2026, 02:09 PM

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