WMGT 101 Question and answers 100% correct 2024/2025
0 view 0 purchase
Course
WMGT
Institution
WMGT
WMGT 101 Question and answers 100% correct 2024/2025 WMGT 101: Week 2
Define Air Force Activity Management - correct answer The process of developing a recommended investment strategy for a portfolio of assets
List the four Activities at a typical base - correct answer 1) Real Estate & N...
WMGT 101: Week 2
Define Air Force Activity Management - correct answer ✔The process of
developing a recommended investment strategy for a portfolio of assets
List the four Activities at a typical base - correct answer ✔1) Real Estate &
Natural Infrastructure (CEI)
Describe the five key focus areas for Activity and Sub-Activity Managers -
correct answer ✔1) Asset Visibility (system related data)
2) Requirements (Integration and Prioritization)
3) Planning (Advocacy within CAMP)
4) Performance (define and measure metrics)
5) Synchronization (team sport)
Identify how Activity and Sub-Activity visibility differs in scope - correct
answer ✔Activity Managers: Facility inventory, overall facility condition,
understanding base plans, facility priorities, FSRM vs MILCON vs DEMO
Sub-Activity Managers: system inventory, system condition, PM, CM, system
priorities
,Differentiate between organizational performance and Activity Level of Service
- correct answer ✔Organizational is the performance of organization, or the
people. (Completion rates, direct time, etc.)
Activity: How well the facility is performing (PM, CM, emergencies, etc)
Correctly use Asset Management terms in context - correct answer ✔Item =
Asset
Service or portfolio = activity
Person = activity manager
Process = Activity management
Discipline = Asset management
List the four questions of asset management - correct answer ✔1) What
assets do you have?
2) What condition are your assets in?
3) What mission requirement does the asset help fulfill?
4) How are you going to invest in your assets to meet current and future
mission requirements?
Identify the USAF CE enterprise asset management principles - correct
answer ✔1) Incorporate asset visibility (data) collection into maintenance
activities
2) Understand asset value to the mission
, 3) Manage risk to an acceptable level
4) Optimize performance (or achieve desired LOS)
5) Minimize life-cycle cost to the extent possible
Provide examples of how leadership, data, and communication can be
leveraged to operational infrastructure asset management in the AF? - correct
answer ✔LEADERSHIP:
-Squadrons must develop the critical thinking and analytical skills to make
effective decisions at the lowest level possible.
-Intermediate staff functions should be designed to facilitate and support
sound investment decisions at the squadron level
-Goal of continuing to decentralize decision-making authority as the
squadrons mature
DATA:
-Using reliable data will result in optimum investment decision
-Make data-driven decisions for infrastructure business management
COMMUNICATION:
AFIMSC will develop a Strategic Asset Management Plan (SAMP) to
communicate the overarching strategy to operationalize asset management in
all levels of our enterprise
Define real estate - correct answer ✔Land, buildings, utility systems,
infrastructure, and permanently attached Real Property Installed Equipment
(RPIE) that is part of the building or structure
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller flyhigher329. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
