Which of the following is NOT a component of the asset management system?

• A. Asset management policy
• B. Asset management objectives
• C. Spare parts catalog
• D. Asset management plans

Answer: (C)

The essential idea is to distinguish between the governance components that define how assets are managed and the operational tools that support day-to-day work. An asset management system is built on clear direction and planning: an asset management policy sets the rules and commitments, asset management objectives translate those commitments into measurable targets, and asset management plans outline how to achieve those targets across the asset lifecycle. A spare parts catalog, while very useful for maintenance activity and inventory control, is not a foundational component of the asset management system itself. It functions more as a practical tool that supports maintenance and availability, feeding data and parts information into operations, but it does not constitute a core element of the system’s framework. Therefore, the spare parts catalog is the item that isn’t a primary component of the asset management system.