Certified Maintenance & Reliability Professional (CMRP) Practice Exam

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Prepare for the Certified Maintenance and Reliability Professional Exam with challenging questions and comprehensive answers. Sharpen your skills in maintenance best practices, reliability engineering, and management to ensure success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What percentage of assets should typically be ranked as critical based on risk to the business?

30% or more
Less than 30%
Greater than 50%
Only those over $10,000 in value

The correct answer is: Less than 30%

In asset management, it is a common practice to rank assets based on their criticality to the business and the associated risks. Typically, it is considered that less than 30% of assets should be classified as critical. This classification allows organizations to concentrate their maintenance efforts and resources on the most vital assets that have a significant impact on operations and overall business performance. By maintaining a smaller percentage of assets labeled as critical, companies can efficiently prioritize maintenance activities, allocate appropriate resources, and focus on those assets that pose the highest risk to operations if they were to fail. This strategy enhances reliability and minimizes disruptions in production or services. The other options suggest ranking a higher percentage of assets as critical, which may lead to resource dilution and inefficient management of maintenance priorities. Additionally, the option referring to a specific monetary threshold does not align with the broader risk-based assessment approach that considers various factors beyond just the asset value.