Create a list of assets of a company with which you're familiar and divide them into standard and bespoke categorizing.
Answer(s): A
Name of company: Full power projectsBusiness: Project management training and consultancyIf an organization is sourcing an asset that is readily available or mass produced then the cost associated with the design and manufacturing will be lower percentage of the total cost than if an organization commissions a bespoke piece of equipment to be designed and manufactured. The following are a list of assets owned by fullpower projects.Standard/off the shelf (Mass produced)Projector from a shop-displayed files and document jackets from market Desks and furnitureBespoke/specialist - white board and markerWith extra, e.g. made with company colorGift/ sovereign (bags and T. shirt) with coup any label, color and design Refer to the question column for response
What is depreciation and deterioration?
When an organization want to purchase an asset, it considers the depreciation and deterioration in the whole life of the asset and how it will be manage. Depreciation is the reduction in value of a tangible and a fixed asset over time. The purpose of calculating the depreciation of the asset is to give the organization a fair and current view of what the asset is worth at a particular time. Depreciation is a way of converting the cost of an asset into an expense over a period of time. Depreciation is a permanent feature listed against an asset throughout its life time and it based on wear and tear, reduction in performance and reduction in value.Deterioration is the process of something becoming lower in quality or performance. The longer the asset can last without deteriorating the better value the asset represents.Refer to the question column for response
When an organization want to purchase an asset, it considers the depreciation and deterioration in the whole life of the asset and how it will be manage. Depreciation is the reduction in value of a tangible and a fixed asset over time. The purpose of calculating the depreciation of the asset is to give the organization a fair and current view of what the asset is worth at a particular time. Depreciation is a way of converting the cost of an asset into an expense over a period of time. Depreciation is a permanent feature listed against an assetthroughout its life time and it based on wear and tear, reduction in performance and reduction in value.Deterioration is the process of something becoming lower in quality or performance. The longer the asset can last without deteriorating the better value the asset represents.
Justify which of the five approaches to condition performance monitoring you think is the most cost effective within whole life asset management.
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 ·Refer to the question column for response
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Napo Posholi commented on October 02, 2023 They are very helpful Anonymous upvote
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