IBM Maximo Asset Management V7.1 Solution Design : 000-005

  • Exam Code: 000-005
  • Exam Name: IBM Maximo Asset Management V7.1 Solution Design
  • Updated: Jun 03, 2026
  • Q & A: 100 Questions and Answers

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IBM Maximo Asset Management V7.1 Solution Design Sample Questions:

1. Which statement refers to the concept of IBM Maximo Asset Management (MAM)?

A) MAM is an enterprise asset management system that provides asset management, maintenancemanagement, SLA management, inventory management, and purchasing capabilities that enablecorporations to maximize productivity and increase the life of revenue-generating assets.
B) MAM is an enterprise asset management system that provides asset management, maintenancemanagement, Incident management, maintenance management, inventory management, and purchasingcapabilities that enable corporations to maximize producitivity and increase the life of revenue-generatingassets.
C) MAM is an enterprise asset management system that provides asset management, maintenancemanagement, inventory management, and purchasing capabilities that en
D) MAM is an enterprise asset management system that provides asset management, maintenancemanagement, contract management, maintenance management, work management, inventorymanagement, and purchasing capabilities that enable corporations to maximize productivity and increasethe life or revenue-generating assets.


2. Which two statements are true about IBM Maximo Asset Management V7.1 assets? (choose two)

A) Rotating assets can be held in inventory prior to issuing to a Work Order.
B) Non-rotaing assets can be held in inventory prior to issuing to a Work Order.
C) Rotating assets allow for maintaining an inventory of serialized components.
D) Non-rotaing assets allow for maintaining an inventory of serialized components.
E) Both rotating and non-rotating assets allow for maintaining an inventory of serialized components.


3. As part of setting up IBM Maximo Asset Management V7.1 organizations (0) are required to be created and an organization has to be activated. What are the required steps to activate an organization?

A) Define the asset account code, update organizations clearing account, and activate the organization.
B) Define the GL accounts codes, update organizations clearing account, and activate the organization.
C) Create a GL account, update organizations transfer asset account, and activate the organization,


4. The client has outlined in the discovery phase of the project that they want to incorporate there divisions. And each has a different chart of accounts with the same GL Account Configuration. From this information, how many organization(s) should be created for the solution is required to be decided. How many organization(s) should be created?

A) three
B) four
C) one
D) two


5. What represents a Meter type?

A) Incremental
B) Automatic
C) Cumulative
D) Gauge


Solutions:

Question # 1
Answer: C
Question # 2
Answer: A,C
Question # 3
Answer: B
Question # 4
Answer: A
Question # 5
Answer: D

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