Which of the following is a benefit of warranty contracts in Maximo?

Study for the Maximo Certification Test. Maximo offers comprehensive training programs for asset management solutions. Prepare with flashcards and multiple choice questions, each with hints and explanations to boost your exam performance.

Warranty contracts in Maximo provide significant advantages, particularly the benefit of recovering costs associated with warranty work. This means that when an asset or service is covered by a warranty, any repairs or replacements that are necessary can be processed through Maximo, allowing organizations to reclaim the expenses incurred during warranty-related activities. This not only aids in financial management but also helps ensure that assets are maintained more effectively without impacting budgetary constraints.

The other options focus on outcomes that either overstate the capabilities of warranty contracts or misrepresent their function within Maximo. For instance, avoiding all costs associated with warranties is not feasible, as there are always some level of expenditures involved, whether for time, labor, or processing claims. Additionally, while Maximo allows for the management of warranty terms, it does not facilitate the creation of entirely new warranty terms; rather, it supports the enforcement and tracking of existing agreements. Lastly, while keeping track of contracts under warranty is a component of managing warranties, it does not represent a direct advantage of warranty contracts themselves, as the goal is to handle warranty claims and recover costs, not merely to save contracts from warranty status.

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