PASS GUARANTEED IAM - FANTASTIC IAM-CERTIFICATE - TEST THE INSTITUTE OF ASSET MANAGEMENT CERTIFICATE CRAM

Pass Guaranteed IAM - Fantastic IAM-Certificate - Test The Institute of Asset Management Certificate Cram

Pass Guaranteed IAM - Fantastic IAM-Certificate - Test The Institute of Asset Management Certificate Cram

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Tags: Test IAM-Certificate Cram, Valid IAM-Certificate Exam Topics, IAM-Certificate Test Prep, IAM-Certificate Valid Exam Pattern, Reliable IAM-Certificate Test Topics

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IAM The Institute of Asset Management Certificate Sample Questions (Q61-Q66):

NEW QUESTION # 61
Which of the following types of information would NOT normally be required for the development of an asset management plan?

  • A. Asset Critically
  • B. Asset Register
  • C. Asset Condition
  • D. Organisation's share price

Answer: D


NEW QUESTION # 62
The concept of 'line of sight' means .....

  • A. Stake holders involved in asset management
  • B. Top Management involved in asset management
  • C. everyone who touches or influences what happens to an asset is involved in asset management
  • D. Asset Manager involved in asset management

Answer: C


NEW QUESTION # 63
There are many factors that can drive the decommissioning of assets,except:

  • A. Excess of service capacity
  • B. Compliance with changes in legislation
  • C. Cost of retaining in service
  • D. Obsolete technology

Answer: B

Explanation:
Whilelegislative compliancetypically drives asset upgrades or operational adjustments, itdoes not directly trigger decommissioning. Instead, decommissioning is usually influenced by:
* Obsolescence(e.g., technology no longer supported)
* Overcapacity(asset redundancy)
* Operational cost(prohibitive maintenance or energy expense)
Exact Extract from IAM - Asset Management: An Anatomy (v4), Section 3.4.5 - Life Cycle Stage:
Disposal/Decommissioning:
"Typical drivers include condition, cost of retention, obsolescence, redundancy, and safety concerns."


NEW QUESTION # 64
A policy is best defined as...

  • A. Action plans to attain objectives
  • B. Temporary endeavor to create unique output
  • C. Overarching objectives setting context and direction
  • D. Intentions and direction as formally expressed by top management
  • E. Activities to create value for customers

Answer: D

Explanation:
Apolicyis a formal statement of intent from senior leadership, expressing organizational direction, intent, and principles.
Exact Extract from ISO 55000:2014, Clause 3.1.7 - Definition of Policy:
"Policy: Intentions and direction of an organization, as formally expressed by its top management."


NEW QUESTION # 65
Effective asset management can enhance an organization's reputation and its ability to .......?

  • A. Reduce the cost of managing assets over their lives.
  • B. Operate safely.
  • C. All true
  • D. Meet its regulatory and statutory obligations

Answer: C

Explanation:
Effective asset managementis a driver for multiple benefits, including operational excellence, regulatory compliance, stakeholder trust, and cost control. These outcomes are explicitly stated as the goals of adopting ISO 55000 principles.
* Safe operations result from well-maintained and risk-managed assets.
* Cost optimization is achieved through lifecycle planning.
* Regulatory compliance is improved via standardized governance processes.
Exact Extract from ISO 55000:2014, Clause 2.4 - Benefits of Asset Management:
"Effective asset management supports the realization of value from assets and can contribute to improved financial performance, informed asset investment decisions, managed risk, and demonstrated regulatory compliance."


NEW QUESTION # 66
......

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